Financial Management vsFinancial Planning

B Y A L L A N O U L A T E

Both financial managers andfinancial planners are skilled in

professionals that assessincome and fundamentalexpenditures, instruct on

applicable taxes/laws, andalso contribute a reasonableplan that can assists clientsachieve their desired goals.

Although the foundation ofthe occupations are

essentially the same, the skillsrequired and the manner inwhich they carry out theirduties are quite different.

FinancialPlanner:

A financial planner is anindividual who is a qualified investment professional. Asan investment professional,these planners assists others

and on a large scale –corporations in meeting their

long-term financial goalsthrough the examination oftheir present financial statusand creating a program thatwill allow the client to reach

their goals

Financial professionals havemany areas of specialization

which include riskmanagement, investment

analysis, retirement, estateplanning, tax planning, and

asset allocation.

FinancialManager:

Financial managers financialmanagers work exclusivelywith companies instead of

individuals or families. Thesefinancial professionals areobligated to track various

organizational factors in orderto maintain fluidity throughout

companies they work with.

Professionals in this field haveseen a decrease in their

workload as there have beenmany recent advances intechnology in this area.

Managers must now workwith expectation to Withadvances in technologyrendering direct account

management less and less oftheir daily workload, managers

are now expected torecommend progressive data

analysis regularly to advisesenior leadership of the

companies they work with.