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Financial Planning is a subset of the Accounting profession that focuses on helping individuals and businesses make informed decisions about their financial future. It involves analyzing a client's current financial situation, setting goals, and developing a plan to achieve those goals. Financial Planners use a variety of tools and techniques to assess a client's financial situation, such as cash flow analysis, budgeting, and investment planning. They also provide advice on topics such as retirement planning, estate planning, insurance, and tax planning.
Financial Planning is an important part of the Accounting profession, as it helps individuals and businesses make informed decisions about their financial future. It is also a growing field, as more people are becoming aware of the importance of financial planning and the need for professional advice.
Some of the companies in the Financial Planning market include Edward Jones, Charles Schwab, Vanguard, Fidelity, and Merrill Lynch. Show Less Read more