What makes a Financial Planner a Super Hero?
Shyam comes first in the class
Akash stood 4th in class
Which of the two is more intelligent????
Of course our answer will be Shyam.
What if we say that Shyam comes from a well to do household while Akash belongs to a lower class household
Then our answer might tilt in favour of Akash
But when we come to know that Shyam suffers from Dyslexia while Akash is perfectly healthy
Then our answer will be Shyam again.
But we also come to know that Akash had to undergo a surgery just prior to his exams and did not get adequate time to study
Again our answer will be Akash
As we learn more about Akash and Shyam, our opinions and judgments undergo change.
The reality of life is also similar.
We may come to conclusions prematurely without knowing and understanding the situation at a deeper level
For a Financial Advisor, the skill to listen and understand things below what is evident on the surface is called Critical Thinking
When you apply the principles of Critical Thinking, the Financial Plan undergoes a complete transformation
As a Financial Planner one must have the patience and mindset to dig deeper and discover the unexpressed stories which then have a huge bearing on the Plan Design
A financial plan is always specific and unique because people may look the same but their circumstances, stories, conditions are always different and unique
The financial plan needs to do justice at a subliminal level and understanding this layer of a Client’s life is what makes a Competent Financial Planner
I rest my case