Unleash Your Potential: Dare to Become a Generic Financial Planner and Empower Your Clients to Live Rewarding, Expansive Lives

Are you a financial planner looking to take your career to the next level? Have you considered becoming a Generic Financial Planner? This career path offers further opportunities for professional growth and advancement and the chance to serve larger audiences and build a solid financial foundation for your future.

To become a Level 4 Financial Planner, you can take the Diploma in Regulated Financial Planning, awarded by the Chartered Insurance Institute (CII). This certification requires the completion of six units covering various areas of financial planning, as well as a minimum of two years of relevant professional experience and adherence to the CII’s Code of Ethics and Conduct.

However, a Generic Financial Planner has a broader role than a Regulated Financial Planner. While a Regulated Financial Planner advises on specific regulated products, a Generic Financial Planner advises on all assets, including other financial assets such as savings accounts, property, land ownership, occupational pension scheme rights, business assets, collectables, other tangible assets, and in particular, intangible assets.

Intangible assets are assets that do not have a physical existence but provide value to a business or individual. These assets can include brand names and trademarks, copyrights and patents, customer lists and customer relationships, goodwill, intellectual property, licenses and permits, non-compete agreements, proprietary technology, trade secrets and know-how, reputation and public image, domain names and website content, employee skills and expertise, research and development projects, advertising and marketing campaigns, social media presence and followers, franchise agreements, broadcasting and media rights, contracts and agreements, distribution networks and channels, and government licenses and regulatory approvals.

The value of intangible assets can be challenging to quantify and may require professional valuation services to determine their worth. Becoming a Generic Financial Planner requires a new skill set, including the ability to analyse and value all assets, understand tax laws and regulations relating to all assets, and create and manage asset portfolios aligning with client objectives and risk tolerance. A Generic Financial Planner must also have excellent life planning skills, including producing lifetime liability forecasts and matching client outcomes with client needs.

The role of a Generic Financial Planner also includes financial coaching skills to increase clients’ financial activation levels and the ability to complete values assessments with clients to produce a values-led financial plan. A Generic Financial Planner must understand the whole-person paradigm and how it relates to physical, mental, emotional, and spiritual well-being. They must also be able to deliver educational and financial services for clients to become more tech-savvy, empowered, and self-directed in their financial decisions.

Becoming a Generic Financial Planner offers the opportunity to deliver sustainable livelihoods and change lives. The skill set of a regulated financial planner can be merely a fraction of what a Generic Financial Planner is capable of. Progressing from a regulated to a generic financial planner is not just a step but a leap towards an exciting professional journey. Your regulated experience was a foundation for something far more fulfilling than just peddling regulated products. You have the potential to shape the destiny of your clients and play a role in the evolution of humanity.

If you want more from your vocation, serving larger audiences and building a solid financial foundation for your future, open your mind to the possibilities of Generic Financial Planning. If you are ready to transform your business model into a more comprehensive, accessible, scalable, and ultimately beneficial approach for your future clients, don’t hesitate to take the leap and become a Generic Financial Planner.

For further details, visit www.acadlifeplan.com.