We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Recognizing Limitations.
- Authors
Goss, Robert P.
- Abstract
The article discusses various limitations in the financial planning practice in the U.S. A client hires a licensed attorney to bring objectivity and competence to his legal issue or question. It is the relatively successful people who are most likely to consult a financial planer. They know instinctively where their area of expertise end and their ignorance begins. These kinds of clients frequently are the most rewarding to work with, yet the demands they make can be overwhelming for the planners, given the breadth and scope of the financial advice they may need or want. Two of the most significant elements of knowledge for any certified financial planner professional are the recognition of his or her limitations and weaknesses, and knowing where to turn to fill those gaps. Competence is the hallmark of the member of the Institute of Certified Financial Planners. A questionnaire has been provided for planners to test their knowledge about the International Board of Standards and Practices for Certified Financial Planners Inc./Institute Code of Ethics, Standards of Practice and Practical Interpretations.
- Subjects
UNITED States; FINANCIAL planners; WORK environment; FINANCIAL planning; PLANNING; AUDITING standards; INSTITUTE of Certified Financial Planners (U.S.)
- Publication
Journal of Financial Planning, 1989, Vol 2, Issue 3, p112
- ISSN
1040-3981
- Publication type
Article