Good Financial Planning by a CFP or a Self Investing?

During the professional career of CFP, is always bombarded with one standard question by every client is “Why should I pay for your fees when I can manage my own financial matters and in no need of any professionals help.”
The fact, client is unaware that he or she unable to estimate adequate life cover, retirement corpus etc. Also, fails to prioritize or quantify in monetary terms their financial goals of their life and to achieve them with less or no risk or may be taking some risk. This requires risk profiling of a client. That’s the reason most of them are unsuccessful to manage their funds actively even after enormous investment. Whereas, professionals can estimate all these with certain calculations, risk profiling of the client and much more to guide them for specific and fruitful investment for their future.
How self investment goes wrong? Because the client is unable to act when faces with complexity such as changing economic conditions of India as well as global, tax rates, laws etc. Another important aspect of wrong investment goes with biasness due to aggressive advertisement of the product by the companies. Generally, client goes with known brands and familiarity with the company. This result in a non-diversified portfolio, which may prove costly in the long run. Also, emergency fund which is vital but generally ignored by the client. Though we know any thing can happen anytime and one should always be prepared financially. But nothing is done.
There is always an exception. Similarly, there are few among many who could effectively manage their investments. But they do have to contribute lot of time and energy to manage their investments. For all these reasons a professional like CFP’s who are adequately trained for these matters. They have proper knowledge, resources and skill to effectively do this job. They are updated with latest information about the product, changing economic scenario, tax laws, etc.
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