Select a Consultant from the NFEC Financial Coaching Group
People seeking consultants to aid with their personal finance situations can select from among the NFEC’s financial coaching group. Every member of this nationwide network has met strict criteria for industry excellence and is well-qualified to help you accomplish your objectives. The NFEC financial coaching group is made up of Certified Personal Financial Wellness Consultants who feel passionate about helping people achieve financial wellbeing. The members of this financial coach group are trained to analyze people’s current money situations and then guide them to take prioritized action toward financial security, offering accountability and support ongoing.
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Qualifications and Standards for Financial Coaching Group Membership
Belong to a financial coaching group that matters. NFEC’s coaches have earned their financial coach certification demonstrating that they meet top standards for experience, education, and impeccable backgrounds. They are responsible to you and committed to acting in your best interest. These coaches not only have met rigorous educational and testing standards, but also have undergone intensive background checks. They must provide coaching and be supervised on several cases, documenting hours and reporting client outcomes to demonstrate compliance with implementation and performance criteria. These tough standards were developed with guidance from multiple industries including consumer protection, psychology, education, and coaching.
What an Average Financial Coaching Group Provides
We collected data to analyze what the average financial coaching group offers and learned that most simply provide someone to talk with. After reviewing 137 websites that came up in the top 50 search results using terms ‘financial counseling’ and ‘financial coaching,’ we culled 26 that had pricing and package information clearly stated. Contact with a coach was the top offering among all 26, followed by educational resource provision. Financial coach group memegers provided a custom written financial plan, and even fewer had re-planning and reporting. The NFEC financial coaching group, however, has a wide range of deliverables available, all geared toward helping people improve their personal finances.
Create a Personal Financial Plan
The case study of Alice illustrates the phases through which the financial coaching group works. Alice selected an NFEC coach, who began by comprehensively reviewing her current personal finances by looking at her income, credit/debt, assets/liabilities, account management, and risk management. Then Alice received a detailed financial plan report with priorities and step-by-step actions clearly identified.
Implementation of Your Personal Financial Plan
In the second phase Alice met with her financial coach twice a month on a schedule they set together. The coach helped Alice work toward strengthening her personal finance decision-making ability, while offering resources and personal training so Alice could build the skills she needed to reach her financial goals. The coach kept up-to-date records of Alice’s progress and gave her written reports to assist her to stay on track.
Financial Coach Group & Personalized Long-term Support
When Alice had met her immediate needs and had a clear plan, Phase 3 went into effect where the coach could shift into more of a supportive maintenance role. That meant Alice would contact her coach when she needed guidance or resources, and the coach kept her apprised of important dates and remained on hand for support when Alice had to make critical life stage decisions.
Access to Specialized Experts in the Financial Industry
The last phase of working with the financial coaching group is where you can become connected with expert consultants who have 30 years and more of experience in specialized fields. That is, you will be matched with an expert with knowledge in the area that meets your individual need. Your coach and the niche experts have 100% responsibility to you – they will never try to sell you products.
