Locate Online Financial Coaching Experts
Anyone looking to find online financial coaching can gain access to the NFEC’s nationwide group of well-qualified coaches who earned their Certified Personal Financial Wellness Consultant designation and can help you work toward the accomplishment of your goals. Every coach in this exclusive network has met the highest standards for financial coaching and can aid those who want to improve their financial futures. The online financial coaching provided through the NFEC includes analysis of a person’s financial situation through empirical methods, prioritization of goals, and outlining steps the person can take toward achieving greater financial wellness.
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Qualifications for Online Financial Coaching
Online financial coaching can be offered by anyone. But NFEC coaches have met thorough guidelines that ensure your security – standards for background, education, and experience. These coaches maintain fiduciary responsibility only to the client, always acting in the client’s best interests. Online financial coaching qualifications include passing hundreds of educational hours, difficult testing requirements, and in-depth background checks. They also must undergo coaching supervision to demonstrate their implementation and performance capabilities, as well as document client results.
What the Average Online Financial Coaching Entails
The average online financial coaching experience just gives you a person to talk with. We discovered this by searching for coaching websites using the keywords ‘financial coaching’ and ‘online financial coaching’ – turning up 137 pages in the top 50 Google results. Out of the 137, 26 were clear about their pricing/packaging options. In reviewing these 26 sites, we found that direct coach contact was the number one service provided, with a much smaller number providing educational resources, personalized financial plans, or re-planning/re-reporting options. NFEC certified financial coaches – on the other hand – offer a wide assortment of services that are aimed at helping you improve your personal finances. See the infographic:
Initial Discover & Plan
Discovery and financial analysis is phase one of the online financial coaching process. Your coach will examine in-depth your current situation, lifestyle needs, and goals. This step will occur through extensive review of your accounts, credit, assets, liabilities, debts, and risk management – your full financial profile. Your coach will input this information into financial coaching software and apply this information to organize a detailed personal financial plan report with priority actions identified.
Custom Education Based on Your Needs
What comes next? A recent client, Peter, found out that the next phase of online financial coaching comprised regular consultation and educational sessions. He and his coach met on a predetermined schedule, and at each session Peter would get guidance, support, and training that were designed to help him build his financial prowess. The financial coach stayed up-to-date on Peter’s financial situation, then generated data-driven determinations to shape Peter’s ongoing plan.
Continuing Online Financial Coaching Services
Peter used his initial plan to address his most pressing priorities. He found out that online financial coaching would then switch to a less intensive focus, with the coach stepping to the sidelines and allowing Peter to move forward, offering maintenance and support when Peter needed them. Providing Peter with reminders of important dates, timely support at critical life stages, and planning resources became the coach’s role. This ongoing financial coaching service ensured Peter would have someone in his corner when financial questions arise.
Access to Niche Financial Industry Experts
There’s a final level of support in the online financial coaching voyage: connection with specific expertise. NFEC-certified coaches work with each client in the fields where they are experts; they also have access to a network of consultants with specific advanced knowledge. For example, you may need guidance through the home-buying process or help with planning to fund higher education. An expert will be available to assist with this support. And you may be confident that all industry experts are entirely independent; they will not attempt to sell you products.
