Recruiter's Glossary

Examples: Financial Due Diligence • Customer Segmentation • Budgeting

Financial Planning

Term from Business Advisory industry explained for recruiters

Financial Planning is a professional service that helps individuals and businesses manage their money and reach their financial goals. It's like creating a roadmap for someone's financial future. Financial planners analyze current financial situations, create strategies for savings and investments, and help with things like retirement planning and tax management. This field is similar to financial advising or wealth management, but financial planning typically takes a more comprehensive, long-term approach. When you see this term in resumes, it usually indicates experience in creating detailed financial strategies and working directly with clients to help them make better money decisions.

Examples in Resumes

Developed comprehensive Financial Planning strategies for high-net-worth clients

Led Financial Planning workshops for small business owners

Created personalized Financial Plans for over 100 clients annually

Typical job title: "Financial Planners"

Also try searching for:

Financial Advisor Wealth Manager Financial Consultant Financial Planning Specialist Certified Financial Planner Investment Advisor Personal Financial Advisor

Where to Find Financial Planners

Professional Organizations

• CFP Board
• Financial Planning Association
• National Association of Personal Financial Advisors

Job Boards

Professional Networks

Example Interview Questions

Senior Level Questions

Q: How do you handle complex estate planning situations for high-net-worth clients?

Expected Answer: Should demonstrate deep knowledge of estate planning strategies, tax implications, and ability to coordinate with other professionals like attorneys and accountants. Should mention experience with trusts, family wealth transfer, and business succession planning.

Q: Tell me about a time you had to adjust a client's financial strategy during a major market downturn.

Expected Answer: Should show ability to remain calm under pressure, explain complex situations simply, and provide strategic guidance while maintaining client relationships. Should demonstrate risk management experience.

Mid Level Questions

Q: How do you develop a comprehensive financial plan for a new client?

Expected Answer: Should explain their process for gathering client information, assessing goals, analyzing current financial situation, and creating actionable recommendations. Should mention follow-up and monitoring procedures.

Q: How do you explain complex financial concepts to clients?

Expected Answer: Should demonstrate ability to translate technical concepts into simple terms, use real-world examples, and show strong communication skills. Should mention experience with client education.

Junior Level Questions

Q: What are the key components of a basic financial plan?

Expected Answer: Should mention budgeting, emergency funds, retirement planning, insurance needs, and basic investment concepts. Should show understanding of fundamental financial planning principles.

Q: How do you stay current with financial planning regulations and market trends?

Expected Answer: Should discuss professional development activities, industry publications, continuing education, and membership in professional organizations.