ManagingYourOwnAffairsVersus
HiringaProfessional
•The3options
–Goitalone,makeaplanandhaveitcheckedbya
professional.
–Workwithaprofessionalanddevelopaplan.
–Lettheprofessionaldoitall.
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Hiring - Asset Managment - Lecture Slides, Slides of Management Fundamentals
Asset Management is an important subject in Economics. In these Lecture Slides, following concepts are discussed : Hiring, Plan, Checked, Develop a Plan, Professional, Financial Planner, Client, Commission-Based Planners, Charge a Combination, Fees and Commissions
Typology: Slides
2012/2013
1 / 6
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Managing
Your
Own
Affairs
Versus
Hiring
a
Professional
The
options
Go it alone,make a plan and have it checked by a professional. - Work with a professional and develop a plan. - Let the professional do it all.
Paying
Your
Financial
Planner:
Fee
only planners derive income from charging the client for the service provided or for a financial plan. Commission
based planners derive income from the sale of financial products. Some planners charge a combination of fees and commissions.
Choosing
a
Professional
Planner
(cont’d)
Before hiring a planner, ask lots of questions about his/her history. - Call professional organizations to get recommendations.
Summary
Balance sheet
determines net worth based on a comparison of assets and liabilities Income statement
summarizes cash inflows and cash outflows Financial ratios
diagnose your financial health