Education and Training: A financial counselor will typically be licensed as either an Insurance Producer, an Investment Advisor Representative, or a Registered Representative (Stock Broker).
Those who wish to become financial counselors must pass an exam, become affiliated with a firm, and register with a state before beginning to practice.
Financial Counselor FAQs:
What is a
A Financial Counselor is a licensed professional who works with individuals, couples, or families to assess their current financial issues and find effective, long-term solutions. A Financial Counselor can help with financial decision making, money management and other personal finance-related issues.
How often do people see a Financial Counselor?
Many see a Financial Counselor for a short period of time while they are dealing with a financial crisis, or when their current financial situation is in need of management. Others see a Financial Counselor continually, whether they are doing well financially or not. Many keep a financial counselor on hand for advice on everyday situations that deal with financial matters.
What are some signs that one should seek the help of a Financial Counselor?
Those who are finding themselves unable to handle their current financial situations on their own should seek the help of a Financial Counselor. Those who have no financial problems yet want to make sure their finances are in the best hands may also want to see a Financial Counselor. Some common issues a Financial Counselor can help with include: Investing, Retirement Planning, Pension Planning, Debt Reduction and Goal Setting.
What is financial counseling?
Financial counseling, or financial advising, is the process of helping an individual, couple or family learn how to effectively manage their finances. Financial counseling can cover a broad range of money-related topics, but usually focuses on the areas of money management, investing and debt reduction. Financial counseling can be effective over a long period of time or periodically.
What are the benefits of using a financial counselor?
A Financial Counselor has received extensive training which allows them to help their clients make decisions that they would be unable to effectively make on their own. Those who are struggling with their finances or those who have come into a great sum of money are individuals who can especially benefit from the services of a Financial Counselor. Anyone who is interested in making the most of their money can learn something from a Financial Counselor.
How do I find a Financial Counselor in my city and state?
The wellness.com directory will help you locate a Financial Counselor in your state. Select Financial Counselor from the professionals menu and select the state that you are looking to locate a Financial Counselor in. After you have located your state, find the city that you will need a Financial Counselor in. Select the state and city and you will see a list of Financial Counselors in your city and state.
Financial Counselor Related Terms: Financial Advisor, Money Coach, Financial Planner, Financial Counseling, Money Management