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Financial assets |
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Financial assetsClaims on real assets.Financial assets Similar MatchesInstitute of Financial PlanningInstitute of Financial PlanningThe UK professional body committed to the development of financial planning. The Institute was set up in 1986 and draws its members from accountancy, insurance, taxation, stockbroking, education and legal professions. Its stated objectives include 'promotion of the profession and practice of financial planning, increasing public awareness for the need for financial planning, creating of recognised professional qualifications for members, ensuring professional standards through a Code of Ethics and screening of new members, encouragement of education in the theory and practice of financial planning and the sharing of knowledge with other professionals'. A financial planner may be from any relevant professional background.To obtain Associate status a planner must hold a relevant professional qualification such as the Advanced Financial Planning Certificate (AFPC) and have three years related experience. Fellowship is available subject to the passing of a further examination and a longer period of experience. A list of Certified Financial Practitioners is established in the 'Registry' and is available to members of the public from the Institute. These practitioners are independent and are obliged to offer a fee basis. They must be prepared to offer a financial planning service separate from investment business if requested by a client. Reference to a Certified Financial Planner would usually be relevant to people seeking a higher level of advice or those with more complex requirements. Financial adviserFinancial adviserA professional person qualified to give advice to clients regarding investments such as life insurance, pensions, mutual funds/unit trusts and taxation etc.A financial adviser may charge a fee and/or receive a commission on a product recommended. In the UK a financial adviser is either independent - an independent financial adviser (IFA) - or a company representative (tied agent).An IFA is free to recommend products from a number of companies and his selection will be based on which company and product best suits the needs of the client. A company representative is authorised to recommend only the products of the company he represents, so his advice is inevitably and quite properly limited. Financial plannerFinancial plannerA professional person qualified to give clients financial planning service. Chief Financial Officer (CFO)Chief Financial Officer (CFO)The officer of a firm is responsible for handling the financial affairs of a company. Financial yearFinancial yearEvery company has an 'accounting reference date'. This is a date which it chooses itself, and which determines its financial year. It must produce accounts showing how it has performed during the year, and file them with Companies House. The format of the accounts depends on whether it is a private company or a public listed company.Note that a company's financial year has little to do with either the calendar year (1st Jan to 31st Dec) or the tax year (6th April to 5th April). Further SuggestionsFinancial strategyFinancial guarantee insurance Financial crisis Financial supermarket financial strength Perfectly competitive financial markets Financial intermediary London International Financial Futures and Options Exchange Tokyo International Financial Futures Exchange Financial planner Financial institution buyer credit policy Financial distress costs Combined financial statement Financial market Corporate financial management Financial engineering Percentage financial statement Financial price risk financial planning financial pager Financial leverage clientele Nonfinancial services Chartered Financial Analyst (CFA) independent financial adviser Financial plan |
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