What services do a financial planner extend? Does his job end after providing a financial plan?
A financial planner is like your doctor—he or she is responsible for ensuring the sound health of your finances. After assessing your existing financial position, risk profile, income (expense stream, investments, liabilities) and the extent of your risk cover, they come up with a plan to manage your money in such a way that you will successfully achieve your financial goals. Your plan will be actively monitored and updated as required.
In a nutshell, financial planning service is a lifelong engagement that does not stop after framing a plan.