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Understanding the needs of everyone

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One school of thought suggests there is no ideal financial planner. Different clients have different needs and it is improbable that a financial planner can serve a high-net-worth individual and a generation-Y hopeful equally well.

But another school of thought suggests that to be a successful financial planner you must be able to talk to people from all walks of life.

Newcomers are often advised to seek clients in a five- to 10-year age range of their own so that common interests are shared and life experiences understood. But a truly successful financial planner can transcend age, wealth, cultural identity and life experience to serve clients vastly different from themselves.

These types of planners are not interested in short-term, high-remunerative rewards, but long-term relationships that require a certain tenacity to mature and grow.

Johnny Chan Ka-hing, principal financial planner at Prudential Assurance, has many such clients.

'I have a woman who was introduced to me more than 10 years ago. She was in the merchandising business, but in 2000 she quit and went to develop her own business in China. We have seldom seen each other since she left Hong Kong. But I made it my habit to give her a call twice a year - to chat.

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