Experior Financial Group | Financial Advisers Are Not All Equal!

Experior Financial Group | Financial Advisers Are Not All Equal!

 There are several different types of financial advisers in the US and, if you are currently looking for financial advice, it is important to you that you understand the main differences between them. Just as not all medical professionals are the same - there are paramedics, auxiliary nurses, nurses, GPs, registrars and consultants, for example - neither are all financial advisers the same! 

Types of Financial Advisers

There are three main categories:

Tied advisers, who usually work for a bank or an insurance company. They are only authorised to advise you on their own company's products;
Multi-tied advisers, who are able to offer advice from a limited set panel of companies;
Independent financial advisers (IFAs) who will offer you unbiased advice from the whole of the market.
The Importance of Independent Financial Advice
IFAs differ from tied and multi-tied advisers, not only because they offer whole of market advice, but also because they do not represent a company - they act as the representative of their client, and it is their primary responsibility to act in the best interest of their client at all times. IFAs must also offer clients the option to pay by fee, rather than commission from the product provider.

Once an IFA has carried out a detailed fact find with you, so that he (or she) can fully understand your current financial situation, as well as your financial needs and objectives, he will go away and do some research to find the most suitable financial products for you. He will then present his recommendations to you at a follow-up meeting. 

Experior Financial Group | Financial Advisers Are Not All Equal!

Qualifications

Minimum qualifications: All advisers giving investment advice must have the minimum qualifications of the Certificate in Financial Planning (CertPFS) or its predecessor the Financial Planning Certificate (FPC) from the Chartered Institute of Insurance (CII), or the Certificate for Financial Advisers (CeFA) from the IFS School of Finance.

Higher qualifications: By the end of 2012 advisers who wish to continue to give investment advice must have achieved higher qualifications - either the Diploma in Financial Planning (DipPFS) from the CII, or the Diploma for Financial Advisers (DipFA) from the IFS. Roughly one third of all financial advisers in the US are currently qualified to this level already. The others are studying hard!

Certified Financial Planner: This is an internationally recognised qualification for financial advisers all over the world. In the US it is awarded by the Institute of Financial Planning (IFP). To become a Certified Financial Planner (CFP) a financial adviser must first hold the DipPFS, or equivalent qualification, must have at least three years' relevant financial services experience and must have worked on a case study to produce a detailed financial plan of a sufficiently high standard to be passed by the IFP examining board. They must be members of the IFP, abide by a strict code of ethics, and commit to continuing professional development (CPD).

Chartered Financial Planner: To become a Chartered Financial Planner - the pinnacle of the financial planning profession - an adviser must be a member of the Personal Finance Society (PFS), have a minimum of five years' relevant experience and commit to continuing professional development. He or she also has to gain the CII Advanced Diploma in Financial Planning, which is the highest qualification currently awarded by the CII to financial advisers. The CII operates a points system for its Financial Services exams. For example you must achieve 70 points to be awarded the Certificate in Financial Planning and a further 70 points to be awarded the Diploma in Financial Planning, making a total of 140 points. However, to be awarded the Advanced Diploma in Financial Planning the candidate has to gain 290 points - more than four times the minimum requirement for financial advisers!

CFPs and Chartered Financial Planners are the elite of the financial planning profession. They have demonstrated, not only advanced technical knowledge and financial planning expertise, but also an exceptionally high level of commitment to their clients by the time and money they have spent in attaining their qualifications to enable them to give the highest level of advice.

Do financial advisers' qualifications matter? Certainly there are many excellent advisers who do not have higher qualifications (yet). However, if you had a serious illness, you would expect your doctor to refer you to a highly qualified and experienced consultant would you not? CFPs and Chartered Financial Planners are like the consultants of the financial planning profession and the good news is that, unlike in the medical profession, you can consult them directly. 

Experior Financial Group Business Review | Experior Financial Group

Experior Financial Group

As you probably already know World Financial Group has begin it's niche in the financial services industry. Your best plan for the future actually begins with your knowledge. That is exactly what we will do here today.

You will get to know some of the uncommon truths that goes behind the doors of World Financial Group news and various facts. Of course, the only reason you probably are reading this is that you care about your financial success.

1) Experior Financial Group: Humble Beginnings

We will take you to look back in 2001. This was the year when a man named Hubert Humphrey formed World Financial Group from the select purchase of assets by AEGON. Mr. Humphrey subsequently founded World Leadership Group.

More importantly, the World Financial Group (WFG in short) marketing organization is based in Duluth, Georgia, USA. They market in investment, insurance and mortgage products via a network of associates in America, and Canada.

2) How Does Experior Financial Group Compensation Works?

You can become a Experior Financial Group by investing an initial $100 for a background check to get you setup. Then, a respective branch manager will be your senior officer who will take care of you.

The products that you will sell are Experior Financial Group insurance or financial investment packages. Of course, the more you have on your team volume the better your "overriding" commissions. Your Experior Financial Group rewards include renewal commissions on many products offered by outside providers.

3) The First Impression And Other Truths

You should do a research yourself too. It never hurts to find out a little more. However, Experior Financial Group typically functions on a network marketing based system.

The one thing you will need to know is that your marketing website will be pretty easy to navigate. It's video and business presentation is vastly professional so you can have the option to market online.

In closing, while your earning potential with Experior Financial Services is fair, it is important to learn how to market effectively online. Your key to financial success depends on your online marketing skills.

This article can be freely published on a website as long as it is not modified in any way including the author bylines, plus the hyper link must be made active just like below.

Experior Financial Group | Can You Trust Your Financial Adviser?

Experior Financial Group

Experior Financial Group 

Financial advisers, also called financial consultants, financial planners, retirement planners or wealth advisers, occupy a strange position amongst the ranks of those who would sell to us. With most other sellers, whether they are pushing cars, clothes, condos or condoms, we understand that they're just doing a job and we accept that the more they sell to us, the more they should earn. But the proposition that financial advisers come with is unique. They claim, or at least intimate, that they can make our money grow by more than if we just shoved it into a long-term, high-interest bank account. If they couldn't suggest they could find higher returns than a bank account, then there would be no point in us using them. Yet, if they really possessed the mysterious alchemy of getting money to grow, why would they tell us? Why wouldn't they just keep their secrets to themselves in order to make themselves rich?

The answer, of course, is that most financial advisers are not expert horticulturalists able to grow money nor are they alchemists who can transform our savings into gold. The only way they can earn a crust is by taking a bit of everything we, their clients, save. Sadly for us, most financial advisers are just salespeople whose standard of living depends on how much of our money they can encourage us to put through their not always caring hands. And whatever portion of our money they take for themselves to pay for things like their mortgages, pensions, cars, holidays, golf club fees, restaurant meals and children's education must inevitably make us poorer. 

Experior Financial Group

To make a reasonable living, a financial adviser will probably have costs of about £100,000 to £200,000 ($150,000 to $300,000) a year in salary, office expenses, secretarial support, travel costs, marketing, communications and other bits and pieces. So a financial adviser has to take in between £2,000 ($3,000) and £4,000 ($6,000) a week in fees and commissions, either as an employee or running their own business. I'm guessing that on average financial advisers will have between fifty and eighty clients. Of course, some successful ones will have many more and those who are struggling will have fewer. This means that each client will be losing somewhere between £1,250 ($2,000) and £4,000 ($6,000) a year from their investments and retirement savings either directly in upfront fees or else indirectly in commissions paid to the adviser by financial products suppliers. Advisers would probably claim that their specialist knowledge more than compensates for the amounts they squirrel away for themselves in commissions and fees. But numerous studies around the world, decades of financial products mis-selling scandals and the disappointing returns on many of our investments and pensions savings should serve as an almost deafening warning to any of us tempted to entrust our own and our family's financial futures to someone trying to make a living by offering us financial advice. 

Experior Financial Group - Why You Fail Financially

Experior Financial Group - Are you struggling financially? Do you have difficulty paying your monthly bills? Are your savings inadequate? Do you have little, if any, college savings for your kids? Are your credit card debt payments strangling you financially?

If you answered yes, as most of you did, you are in good company. 95% of the U.S. population is in the same boat. Everyone in this group is hanging on by a thread. Only 5% of the U.S. population are living the good life. They have plenty of savings, go on fantastic vacations, have no credit card debt revolving balances, buy cars when they need them, pay bills within 30 days and have rich family lives. Why? Why is it that 95% of the population is floundering in this great country of ours?

Experior Financial Group - Getting by financially is no accident. Every day you process failure into your life. The underlying cause for financial failure resides in your daily habits. Everyone in this 95% group has bad daily habits. Let me shed some light on some of the bad daily habits that you live every day and that is the cause of your financial failure. Sit tight as this will be a bumpy ride for most of you:

Experior Financial Group - You watch too much TV
You spend too much time on the Internet in a meaningless pursuit to waste time
You eat too much
You drink too much
You don't exercise enough
You sleep too much - Experior Financial Group
Your relationships are on an "as needed" basis
You don't return phone calls immediately
You don't call people and wish them a happy birthday
You don't call people regularly just to say hello
You curse too much
You lose your temper too much
You say crude things - Experior Financial Group
You don't have a "To Do List"
If you do have a "To Do List" you make no real effort to complete it
You leave your job early
You talk too much
You don't listen enough
You constantly put your foot in your mouth and say inappropriate things -Experior Financial Group
You don't work efficiently. You reach for mediocrity on the job because you have convinced yourself that you hate work or your job
You don't focus on daily improvement
You don't stay on top of your industry
You make excuses or rationalize against doing what you need to do
You give in to laziness - Experior Financial Group
You engage in negative thinking
You don't challenge yourself
You're not focused on the job. You seek out distractions
You are selfish with your time
You are not generous with your time or money
You are cheap
You don't like people
You procrastinate - Experior Financial Group
You're a spender, not a saver
You buy unnecessary things
You buy cheap crap that satisfies some immediate need
You don't control your thoughts and emotions on a daily basis
You argue too much
You complain too much, gossip too much
You belittle others too much and find fault in everything
You are constantly negative
You are sarcastic
You have wild emotional swings. You are either too happy or too sad and you get depressed too much
You don't network - Experior Financial Group
You have no goals
You don't like yourself
Experior Financial Group - I can go on and on. The list of things people do to achieve financial failure, that I accumulated over five years, can fill a book. When I think about it, it makes me sick.

Experior Financial Group Business Review

Experior Financial Group - As you probably already know Experior Financial Group has begin it's niche in the financial services industry. Your best plan for the future actually begins with your knowledge. That is exactly what we will do here today.

You will get to know some of the uncommon truths that goes behind the doors of World Financial Group news and various facts. Of course, the only reason you probably are reading this is that you care about your financial success.

1) Experior Financial Group: Humble Beginnings 

We will take you to look back in 2001. This was the year when a man named Hubert Humphrey formed World Financial Group from the select purchase of assets by AEGON. Mr. Humphrey subsequently founded World Leadership Group.

More importantly, the World Financial Group (WFG in short) marketing organization is based in Duluth, Georgia, USA. They market in investment, insurance and mortgage products via a network of associates in America, and Canada.

2) How Does Experior Financial Group Compensation Works? 

You can become a Experior Financial Group by investing an initial $100 for a background check to get you setup. Then, a respective branch manager will be your senior officer who will take care of you.

The products that you will sell are World Financial Group insurance or financial investment packages. Of course, the more you have on your team volume the better your "overriding" commissions. Your Experior Financial Group rewards include renewal commissions on many products offered by outside providers.

3) The First Impression And Other Truths - Experior Financial Group

You should do a research yourself too. It never hurts to find out a little more. However, World Financial Group typically functions on a network marketing based system.

The one thing you will need to know is that your marketing website will be pretty easy to navigate. It's video and business presentation is vastly professional so you can have the option to market online.

In closing, while your earning potential withExperior Financial Services is fair, it is important to learn how to market effectively online. Your key to financial success depends on your online marketing skills.

Experior Financial Group | The Humanization of Financial Planning

"Every time you build into the life of another person, you launch a process that will never end."

- Experior Financial Group

The nature of financial planning has started to change dramatically in the past 10 years with the movement towards "financial life" planning. Financial life planning is about more consciously integrating both your life and money into the financial plan and investment portfolio. Some leading financial planners will say they have always helped clients plan for their life as a matter of course. They have never labeled it this way. On the other side, the wider public perception is still that financial planning is about investing and planners do not care beyond the money.

Once consumers know they can find a more "humanized" financial planning approach then there will be much greater pressure on financial planners to expand their role and processes from financial management to coaching, mentoring and life planning.

On the basis that helping clients reach their goals is fundamental to financial planning then helping them understand who they are and their life plan is critical. These aspects are fundamental to a role which involves a greater emphasis on the non-financial issues. Sounds basic but why do so many planners not perceive addressing the life and human issues to be part of their role?

The results of a survey conducted in February 2009 by David Debofsky and Lyle Sussman indicate that 89% of financial planners who are members of the CFP Board and/or Financial Planning Association do at some point engage in non-financial coaching and counseling, and 74% of these planners say they have increased this work over the last 5 years. Further, advisors are indicating 25% of their time is spent on the non-financial issues. The non-financial issues that come up the most include 81% personal life goals, 66% career and 44% physical health. Then add to this clients are now bringing up 10 to 20% of the time with their planner emotional issues like divorce, addiction, mental health and spirituality.

What all of this is showing is that the role of the planner is changing towards dealing with the life and human issues at a greater level even if the advisor is not deliberately changing his or her process. Based on our research in February 2009, we found that 50% of planners are still only spending 1 to 3 hours up-front in the client discovery phase addressing your needs as a client. This is clearly not enough to properly address the life issues. Of course, not all planners will accept their role is beyond financial analytics and also not all consumers will want to address personal issues with a financial planner. Notwithstanding, the practical issue is that many of you as clients are going to encounter situations or needs which require the planner to address the non-financial issues as part of providing financial advice. A financial planner is ideally positioned to help you on the non-financial issues because money is naturally integrated to them. Luckily, there is an increasing amount of quality training for advisors to go down the coaching, mentoring and life planning path.

The primary benefit of a financial planner becoming your coach or mentor is that it will help in building a deeper long-term relationship based on trust and a higher level of mutuality. This is vital for helping you make significant and long-term financial decisions. Walking the road of life with a financial planner will enable:

Clear guidance to be obtained on both the financial and life issues.
Wisdom from one who has both financial and life experience.
Learning from the success and mistakes of another.
A true partnership based on sharing who they are.
If you are going to choose a planner to go beyond the numbers and be a central point in your life journey then it is important you choose a person who is capable of:

Developing a safe, mutual and structured environment for the coaching or mentoring.
Developing a clear coaching or mentoring process with protocols established, including for engaging you in the discussion of the non-financial issues, asking the right questions with empathy, and facilitating difficult discussions.

Engaging in a personal development process for him or herself personally through using a coach or mentor of their own. A planner cannot guide a client to a place where they have not been themself.
Using robust assessment and facilitation tools that will provide a more objective and reliable understanding of who you are and personal development to meet your unique needs.
Start Humanizing Your Financial Planning and Increasing Your Financial Life Performance
So, whether you are an investor, entrepreneur, executive, financial advisor or a student take action with the following steps:

Experior Financial Group | How to Find the Best Financial Planner Around

Experior Financial Group - It has been said that good fortune happens when opportunity meets great planning. There are a lot of people who can boast of taking financial planning courses and who can offer financial advice to clients from all walks of life. However, each individual requires different financial advice at different times. This is because people have varying priorities, financial goals and responsibilities at different stages in their life. The billion dollar question is: how does one find a financial consultant who will meet their specific financial needs?

The first thing that an individual should look for in the best financial planners is the certification and credential to match their titles. They should have taken various financial planning courses that will teach them about communication, networking and planning. They should also have received extensive training in financial planning from an accredited institution.

The next thing that an individual should look for in their financial adviser is industry experience. The truth is that there are so many different strategies for increasing wealth. The best financial planner will know which type of strategy will work best for their client's financial situation. The consultant should deal with each client individually, and design detailed services that will meet the client's needs and expand their investment prospects.

A proficient financial advisor should have rave reviews and recommendations from previous clients and industry experts. Previous clients should praise the financial consultant's support, expertise and knowledge. The consultants should be passionate about their work and about helping their clients to reach greater financial heights. The best financial planner is very committed to the task of ensuring that the client is happy. They should help their clients to seize their financial future by giving them proper financial solutions.

Some of the solutions that great financial advisors offer include cash flow management, wealth protection, income protection, estate planning, retirement planning and investment management. The planner should give their client all the services that will help them to wisely buy stock in domestic markets as well as international markets. They should help their client to gain access to capital raisings. Finally, they should help their client with pension funds and superannuation, and this should include superannuation funds that are self-managed.

Great financial planning advice will help the client makes great financial planning decisions. It will guarantee posterity in the client's financial future. The financial advisers are hard to find, but once a client meets one, they can be sure that they will be on the right path to financial freedom.