Overview Wealth management and financial planning are two key concepts in personal finance. They are both used to help ...

Without a solid plan, emotional decision-making, overspending and poor investments can quickly erode even the most ...

For example, the certified financial planner, or CFP, designation is one of the most respected in the industry. CFPs may work as fee-only advisors, but they are not required to.

A financial planner is a professional who takes inventory of your finances and then creates a plan to help you meet your needs and long-term goals.

A financial plan sets you and your money up for success. This can include investment planning, retirement, estate planning and other long-term financial goals that a plan can help you achieve.

Historically, financial advisors have focused on portfolio construction and capital markets, while financial planners have focused on the specialty areas of planning.

A certified financial planner, or CFP, is a financial professional who has met the rigorous education, training and ethical standards set by the CFP Board.

Why Financial Advisors Need a Marketing Plan Writing a marketing plan isn't a requirement to be an advisor, but there are some excellent reasons to invest some time in creating one.

Developing a financial plan is one of the most important things you can do to ensure a secure future. A good financial plan provides a roadmap that takes you from the earliest days of your working ...

CNBC Select talks to certified financial planner Alicia R. Hudnett Reiss about when it makes sense to seek money advice from a professional.

For example, maybe you go through a divorce right as your kids are about to begin college — a financial planner can help you create a plan for funding your kid's tuition.