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Satyavathi Uppalapati

What are the key areas on which every Financial Planners works most of the times?

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by Satyavathi Uppalapati
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RE: What are the key areas on which every Financial Planners works most of the times?

Alok Agrawal
Alok Agrawal
Verified Career Expert
Mananger at Etoe Group/Career Counselor
  • Bangalore

Financial Planner is a person responsible for the proper management of the finance an organization.


The key areas are as below:

- Making plans and strategy for the utilization of money in coming months and years.
-Projecting the Profit and loss of the company in financial plans and projections
-Making sure the money is invested will be profitable and will be generating more funds
-Generating reports after analyzing all the aspects affecting the funds inflow, outflow and rotations.
-Reducing the outflow and minimizing the operational cost of the company.
-Based on the analysis making future strategies and plans for the company in line with the companies mission and vision.
-The main responsibility lies in making funds available for all the liabilities of the firm on time.
-Proper management of the debtors and debts.
-Portfolio management: designing the complete portfolio of the company, to make more returns for the firm.
-The tax management is a very important role of financial planner. How to reduce the tax liabilities for the company.
-After the approval of the strategies and financials plans, he will implement the same for the optimum and fruit full utilization of the funds.
-Finally reviewing all the plans annually based on the changed conditions and checking that all the plans still in accordance with the market conditions.
-Other areas are also included like audits both internal and external, Income tax, TDS etc.
If investors are investing in the firm, financial planner needs present all the plans and projections in the board meeting.
All these are very important and prime areas of a financial planner. Certified financial planner are in more demand as they have to clear several exams and gained years of experience meeting all the educational requirements to be a financial planner.
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