Financial Coach Training in
Toronto Focuses on Service Over Sales
of pursuing financial coach training in Toronto? In these days of job and lifestyle
stress, lots of individuals and families need the unbiased advice of a
professional who can hone in on financial planning goals. But it’s more than
looking at someone’s cash flow. A financial coach is also a money therapist,
helping to unlock and correct issues and behaviors a client often has when it
comes to spending and saving.
Difference Is the Bottom Line
what is the difference between a Financial Coach and, say, a Financial Advisor?
While both would take an in-depth look at a client’s overall financial picture
and spend time ascertaining the client’s goals and objectives, there is a
fundamental distinction. WHO does the Financial Advisor or the Financial Coach
Financial Advisor usually works for a financial institution, such as a bank,
promoting financial services, be it investments, insurance, or mortgages. The
bank’s products – such as GICs, mutual funds, RRSPs – are offered. Ultimately,
the Financial Advisor is a salesperson. And like a salesperson, a Financial
Advisor is paid a commission, flat fee or a mix of both from the financial
institution offering that financial or insurance product. The Financial
Advisor, therefore, is not necessarily providing an objective service to the
client, as he/she is obligated to represent the institution’s best interests.
Financial Coach doesn’t work for the client; A Financial Coach works with the client. So if there
is someone a Financial Coach is committed to, it is the client. A Financial
Coach does not sell a financial product. Rather, working fee-based and
impartially, a Financial Coach helps clients invest in themselves at whatever
life stage or age. The services of a Financial Coach aren’t limited to
resolving financial setbacks, but also to fostering successes. A Financial Coach
will help a client focus on goal setting and cash flow planning in order to
help the client realize targets such as paying off debt in record time,
improving a credit rating and building on savings. A Financial Coach is essentially a money coach.
financial coach training from a reputable institution is first and foremost and
will take you through:
of financial coaching
flow analysis and debt management
a financial action plan for a client
systems to set up a financial coaching business, such as a Money Coach software
certification as a financial coach is an optional step, but one that potential
clients will appreciate, as it attests that additional training and a higher
level of learning and knowledge have been achieved. On the job mentorships with
established financial coaches as well as web seminar and teleconference
training provide extra hands-on experience and know-how.
Is On Its Way
athletes and sports teams have coaches; so do singers and actors. They want to
do better. So why not too a "financial coach” for everyday consumers and
families? In these uncertain economic times, people are coming to realize that
banks are ultimately in service to their shareholders and bottom line – and not
their customers. Financial Coach training in Toronto is a way to help people
better connect with their money and improve their lives.