Langrehr 1991

Langrehr 1991

“Expectation of Future Financial Condition Are Men and Women Different? (Financial Counseling and Planning,
Volume 4, 1993)

“Financial Counseling and Planning: Similarities and Distinctions” (Financial Counseling and Planning, Volume 2,
1991)

By: VIRGINIA B. LANGREHR

CONTACT: VIRGINIA B. LANGREHR

POSTAL: College of Business Administration, Valparaiso University, Valparaiso, IN 46383

This paper reviews the differences between financial counseling and financial planning. A model is proposed for
determining the client markets for financial counseling and planning. Distinctions in professional services provided
and knowledge needed are discussed. The paper concludes that some similarity exists between financial counseling
and planning and recommends that some overlap in the curriculum and certification requirements of these
professionals be maintained.

KEY WORDS: counseling, planning, certification, education