[#07 First Half] Types of FPs and How to Choose Them <<Complete Guide>>

~Your future will change significantly depending on 'which FP you choose'~

Having read this far,
you may have already realized.

It's not just any FP that will do.
Depending on the FP you meet,
your future will change surprisingly.

That is why in this chapter,
I will give you a 'map'
to choose the perfect FP for you.

■ There are 3 main types of FPs

Even with the same name 'FP',
their way of working and purpose are completely different.

① Independent FP (Neutral Advisor Type)

→ Does not belong to a specific financial institution
→ Provides neutral advice in exchange for consultation fees
→ Can make honest proposals because they do not sell products

② Corporate FP (Affiliated with insurance companies, banks, or securities firms)

→ Free consultation is the standard
→ However, it is based on 'proposing their own company's products'
→ Provides consistent support through to the procedures

③ Freelance FP (Hybrid type that is independent but also handles products)

→ Works as an individual
→ A mix of product sales and consultation fees
→ Many specialize in specific fields

Even if they look similar,
their 'actions', 'purpose', and 'strengths' are different.

That is why,
you need to choose the right partner
based on what you are looking for.

① Independent FP: A 'neutral partner' who stays close to your life

People like this

• Do not belong to financial institutions

• Supported by compensation in the form of consultation fees

• Can make proposals with your life as the top priority

Strengths

• High neutrality

• Solid experience and expertise

• Skilled at designing your 'entire life'

Weaknesses

• Consultation fees apply (5,000 to 15,000 yen per hour)

• Investment and insurance contracts require separate procedures

Recommended for people like this

• Want to organize your entire household budget

• Want to consult on retirement and education expenses comprehensively

• Want to prioritize 'life planning' over specific products

For people like Mr. Sato or Ms. Yamada who
want to carefully organize their lives, this type is ideal.

② Corporate FP: Free but with a 'predetermined direction' consultation style

People like this

• Affiliated with insurance companies, banks, or securities firms

• Free consultations are the main focus

• Purpose is to propose their own company's products

Strengths

• No costs involved

• Support provided through to product processing

• Sense of security from major companies

Weaknesses

• Proposals tend to be biased toward their own company's products

• Weak neutrality

• Proposals are prone to being "partial"

Recommended for people like this

• Want to consult about a specific product

• Want to compare insurance or investment products

• Want to leave the procedures to someone else

Free consultations are attractive, but
they are not suitable for "designing your entire life."

③ Freelance FP: Many are reliable specialists

People like this

• Work as an individual FP

• Mix of consultation fees + product sales

• Many have honed their own areas of expertise

Strengths

• High level of expertise

• Flexible response

• Strong in specialized fields such as entrepreneurship, inheritance, and real estate

Weaknesses

• Quality can be hit or miss

• Individual differences in support systems

• Differences in experience levels are hard to discern

Recommended for people like this

• Those who want specialized advice on starting a business or investing

• Those who want long-term support from an individual

• Those who want someone with specific strengths in areas like inheritance or real estate

Like Mr. Tanaka,
they are especially recommended for consultations on challenges or opening a business.

■ So, which type should you choose?

This is the point where most people get stuck.

But don't worry.
There is a "formula" for how to choose.

What you are looking for is...

□ A redesign of your entire household budget?

→ Independent FP

□ Want to know about a specific product?

→ Corporate FP

□ Consultation on specialized areas like starting a business, real estate, or inheritance?

→ Freelance FP

□ Want someone to walk alongside you long-term?

→ Independent or Freelance FP

□ Want to consult for free?

→ Corporate-affiliated FPs
(*However, keep in mind the premise that they are 'product-driven')

■ In this first part...

We have organized the types and characteristics of FPs,
and also 'which type you should choose'.

In the next second part, we will move on to
'Follow this process to choose an FP and you won't fail!'
which is a 4-step selection guide.

• Clarify what you want to consult about

• Decide on your budget and consultation style

• Check qualifications and background

• Decide based on a free/paid trial consultation

I will create a more detailed 'map for finding an FP who will be your life partner'
for you.🕊️✨

#HowToChooseAnFP
#TypesOfFPs
#IndependentFP
#CorporateFP
#TrustworthyFP
#ChoosingAFinancialExpert
#FinancialLiteracy
#SeeTheFuture
#OrganizeYourLife
#MomFP