The Financial Planner as Decision Maker

Kautt, Glenn
October 2002
Journal of Financial Planning;Oct2002, Vol. 15 Issue 10, p96
Academic Journal
This article focuses on decision-making strategies for financial planners. The ability and desire to make decisions attracts many to the financial services industry. That's not surprising, as exploring and exercising options are critical functions of a financial planner, arguably the most important. Making wise choices separates the merely adequate from the truly great. Those in positions of public responsibility are regularly evaluated by the quality of their judgment, often by a critical media. Decision-making is rarely a black or- white, all-or-nothing event. Yet some people in positions of considerable responsibility, such as financial planners, assume that making a decision is an event leading to a discrete choice, which takes place at a single point in time and leads to a single outcome. In some ways, this classic view parallels the use of deterministic financial planning models a discrete outcome based on a set of inputs that do not change.


Related Articles

  • Alternatives for income. Coles, Sarah // Money Marketing;3/12/2009, p51 

    The article reports on the impact of the decision of finance companies to cut dividends on the business of fund managers in Great Britain. Equity income fund managers are claimed to be finding income in increasingly creative places by holding overseas shares, looking for opportunities in the...

  • Researchers under the microscope. Phillips, Craig // Money Management;4/8/2004, Vol. 18 Issue 12, p1 

    Reports on the Australian Federal Parliaments singling out of finance research houses and asset consultants with calls for all such businesses to be fully licensed under Financial Services Reform. Stringent monitoring of organizations by regulators in case of conflicts of interest; Ability of...

  • Say it with flowers?  // Money Marketing;9/26/2013, p40 

    In the article, the author discusses developments in the financial services industry in Great Britain as of late September 2013. He focuses on how The Taxbriefs Professional Adviser's Factfile can be utilized in the financial planning process. He claims that the best means to assist clients in...

  • Do your advice charges stand up to scrutiny? Holt, Natalie // Money Marketing (Online Edition);1/19/2017, p1 

    The article discusses the issue regarding the decision of financial advice charges and their calculation among financial advisers. It highlights the right of advisers to point out the fact of firms being free for choosing their charging models and discusses client considerations with regard to...

  • John Joseph on PROTECTION. Joseph, John // Money Marketing;5/13/2004, p30 

    Emphasizes the need for financial advisers to protect the financial services industry. Concern on the increase of e-mail traffic about easy-to-get rich schemes involving independent financial advisers; Benefits of using the IFAbonus directory inquiries.

  • Tom Kean: Advisers face fight for survival as regulatory costs mount. Kean, Tom // Money Marketing (Online Edition);9/29/2015, p1 

    The article presents the author's views on the implications of increase in regulatory costs on financial advisors. He opines that regulatory fees have a material effect on most profitable companies. He comments that many people are fearing teh worst outcomes as it has become so expensive to...

  • A SMALL WORLD AFTER ALL. McCarthy, Ed // Financial Planning;Nov2004, Vol. 34 Issue 11, p70 

    Reports on the global growth of financial planning service providers as of November 2004. Number of member-countries of the International Certified Financial Planners (CFP) as of September 2004; Increase in the number of CFPs in the U.S.; Impact of the changes in the regulatory policies on...

  • Fear and Monetary Delusion. Levin, Ross // Journal of Financial Planning;Apr2011, Vol. 24 Issue 4, p26 

    The article discusses the fears of financial professionals within their practice in the U.S. and the need to overcome these challenges to provide an accurate advice to their clients. It highlights some of these anxieties including working with large clients, speaking in front of the public, and...

  • Where there's a Will. Hacker, Anna // Money Management;12/6/2012, Vol. 26 Issue 47, p18 

    The article discusses an aspect of estate planning for financial planners to consider when making financial decision with their clients. It highlights the main stages of estate plan development which focuses on investigation, risk assessment, and implementation. Moreover, due to the complexity...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics