Overview on Finance Business

Dr Watson Goh By Dr Watson Goh, 14th May 2011 | Follow this author | RSS Feed
Posted in Wikinut>Money>Making Money

What to know the termologies of the finance world, their shorten terms and meaning, the roles & duites of the different players within this industry, so that you can fully understand what your accountant is talking about. Read On ................

Financial Termologies

Financial business is a different type of business for which no special education is needed. You will need less time for this business and earn more money. This business will provide more prestige, power.

Financial planners have a huge knowledge of financial planning methods and well money management skills. An expert financial planner has finished official recognition programs which develop and verify their capability.

Financial advisors help you in early retirement planning. They also help you in purchasing long term care health insurance or creating an estate plan.

In retirement planning, the financial planners help you to identify their financial goals and risk tolerance, then set plans or implement tasks to achieve the goals.

There are various types of financial advisors; they are Accountant, Estate Planner, Financial Planner, Investment Advisor, Stock broker. We discuss it now.


Accountants give advice on tax matters and organize and submit your tax returns to the Internal Revenue Service. Certified Public Accountants (CPAs) must be licensed by the state(s).

Estate Planner

Estate planners give advice on estate taxes or other estate planning issues and plan to transfer your assets to your beneficiaries. Attorneys, accountants, financial planners, insurance agents or trust bankers also offer estate-planning services.

Financial Planner

Financial planners plan to solve your financial planning problem like budgeting and saving, taxes, investments, insurance and retirement planning.

Insurance Agent

Insurance agents are licensed by the state. Insurance agents practice to sell life, health, annuity and other insurance products. Financial planners help you in your financial needs. If you are licensed insurance agents then you can sell insurance products.

Investment Advisor

Investment advisor and Exchange Commission and relevant state securities agencies give security advice to their clients.Financial planners also sometime give advice on securities-based investments.


Stockbrokers are licensed by the state. Stockbrokers practice to buy and sell securities products such as stocks, bonds, annuities and mutual funds. They are also called registered representatives.

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author avatar vpaulose
15th May 2011 (#)

Thank you for this informative piece. Thank you Dr. Watson.

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author avatar Dr Watson Goh
16th May 2011 (#)

Mr vPaulose,

You are welcome and thank you for your comment.

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author avatar Md Rezaul Karim
10th Sep 2012 (#)

Nice finance lessons. Thank you Dr. Watson for sharing the difficult matter in a simplified way.

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