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Financial Planning Services

Published by: Global Industry Analysts

Published: Oct. 1, 2009 - 80 Pages


Table of Contents


1.OVERVIEW

Introduction

Industry Scope

Industry at a Glance

Weak State of the Global Economy

High Volatility and Risk Aversion

Risk Reassessment and Uncertainty Prompts

Exchange Rate Fluctuations

Financial Future Post Retirement -

A Global Concern

More Problems for Baby Boomers

Global Credit Crunch Affects Wealth

Management Industry

Table 1: World High Net Worth Individuals Market (2006 & 2007): Percentage Breakdown of Total Number of High Net Worth Individuals by Region - North America, Europe, Asia-Pacific and Rest of World.

Brokers Can Survive by Offering More Services

2.PRODUCT OVERVIEW

Financial Plan

Financial Planning

Definition

Need for Financial Planning

Types of Financial Planning

Business Financial Planning

Personal Financial Planning

Scope of Personal Financial Planning

Stages Involved in Personal

Financial Planning

Beginning of Financial Planning

Assessment of Personal Finances

Establishing Goals

Planning Assistance - Financial Planners/Advisors

Monitoring and Reevaluation

Financing Personal Goals

Tax Management

Insurance Protection

Estate Planning

Significance of Estate Planning

Tools Involved in Estate Planning

Will

Power of Attorney

Living Will

Medical Power of Attorney

Other Estate Planning Tools

Probate

Trusts

Ownership of Assets

Insurance

Role of Estate Planning in Businesses

Fee Structure

Significance of Financial Planning

Regulations, Licensing and Self-regulation

Significance of Technology in Financial Planning

Financial Planning Using Computers

Videoconferencing - A New Avenue

Professional Associations

The Institute of Certified Financial Planners

The Association for Financial Counseling and Planning Education

The CFA Institute

The Certified Financial Planner Board of Standards

The National Association of Independent Public Finance Advisors

National Association of Personal Financial Advisors

The Registered Financial Planners Institute

The Society of Financial Services Professional

Retirement Planning

Retirement Risks and Financial Planning

Longevity

Fund Withdrawal Rate

Health Care Expenses

Inflation Risks

Time and Investment Risk

Understanding Life Expectancies for Better Retirement Planning

Wealth Management

Investment Options

Life Insurance and Annuities

Securities

Types of Securities

Stocks

Mutual Funds

Bonds

3.MERGERS & ACQUISITIONS

4.STRATEGIC CORPORATE

DEVELOPMENTS

5.PRODUCT LAUNCHES

A REGIONAL MARKET PERSPECTIVE

1.THE UNITED STATES

Market Overview

Table 2: US Financial Planning and Advisory Services Industry Revenue in US$ Million for the Years 2006 through 2010.

Market Structure

Regulatory Environment

Federal Government Purchases Shares in Financial Institutions

High-Net-Worth Women Represent Profitable Niche Market for Financial Advisers

Small Businesses Present Significant

Opportunities for Financial Services Firms

Financial Planning for Small Businesses

Market Trends

Financial Planning Industry Shifts Towards Fee-Only Advisers

Transition in Financial Advisory Industry

Targeting the Middle-Class

Focusing on Younger Generation

Effective Use of Technology

Retirees Returning to Work

Regulatory Trends Drive Retirement Planning Market

Growing Demand for Wealth Management Services

Retirement Planning - An Overview

Motivation for an Extended Work Life

Effects of Departure from Work Life

Post Retirement Opportunities

2.CANADA

Market Overview

Effect of Global Economic Crisis

Greater Need for Financial Planning

3.EUROPE

3a.FRANCE

Market Overview

3b.ITALY

Market Overview

3c.THE UNITED KINGDOM

Market Overview

Financial Advice Market Consolidates

Independent Financial Advisors Loosing Foothold

Inflationary Pressures Remain Low

Declining Rates Draw Attention to Financial Planning

More Companies Expected to Exit the Market Space

Avoiding Professional Advise May Lead to Inappropriate Protection Cover

Mortgage Intermediary Market Slumps

Retirement Planning Scenario in the UK

Declining Wealth Management Market

3d.SPAIN

Market Overview

4.ASIA-PACIFIC

Regional Overview

Huge Market Potential Owing to Rising Wealth of Individuals

Rise in Ageing Population

4a.AUSTRALIA

Market Overview

Budget Announces Major Initiatives

Australians Well Equipped for Retirement

Australian Investors Urged to Obtain Financial Advice

Shift Towards Fee-Based Compensation for Financial Planning Advice

4b.CHINA

Market Overview

4c.HONG KONG

Market Overview

Demographics Drive Demand for Wealth

Management and Financial Planning Services

Possible Barriers to Market Growth

Investment Environment Outlook

Professional Standards

Availability of Qualified Professionals

Consumers Unwilling to Pay Fees Upfront

Increasing Consumer Awareness on Advice Quality

Increasing Focus on Protection Advice

4d.INDIA

Market Overview

Indian Financial Sector Treading Growth Path

4e.MALAYSIA

Market Overview

Malaysian Government Takes Measures to Improve Financial Market


GLOBAL DIRECTORY

Abstract

The global outlook series on Financial Planning Services provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a bird’s eye view of the industry, highlights latest trends in the financial planning services market, and demand drivers, in addition to providing statistical insights. Regional markets elaborated upon include United States, Canada, France, Italy, UK, Spain, Australia, China, Hong Kong, India, and Malaysia. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 234 companies worldwideBR>
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