Financial Planning

You don’t need to be a millionaire to benefit from broad-based financial planning. Whether your net-worth is thousands or millions of dollars, you are entitled to help from a financial advisor who has met the highest standards of education, training and competency.

Ordinary people like your neighbors, family and friends have turned to professionals for help. To benefit from working with a financial advisor, all you need is a willingness to share information like your short- and long-term goals. Simply talking with an advisor may help you identify a broad range of financial and personal priorities.

In turbulent times, or times of prosperity, you’ll benefit from holistic financial planning intended to help you maximize the assets you have. It may be that you’d like to establish a budget that will help you put away money for future needs like retirement or paying for a child’s education.

What is Holistic Financial Planning?

The old adage “for every action, there is a reaction” is particularly true when mapping a course of action to reach your financial goals. If you focus on only one or two elements, other areas you overlooked could undo all of your efforts. Holistic planning recognizes the need to consider all areas of your financial situation before developing a plan to reach your personal financial goals.

A holistic financial plan includes:

  • Cash flow management
  • Investments (including 401(k) plan assets)
  • Income taxes
  • Retirement planning
  • Risk management (need for specific insurance)
  • Education funding
  • Estate planning (where will your assets go?)
  • Other needs specific to you

What Should you Expect from Engaging a Financial Planner?

After taking a close look at your existing circumstances a trained professional will help you identify your goals - sometimes referred to as your objectives. The advisor will create a plan that considers all of the financial aspects of your unique situation. Additionally, you will also be provided with as much assistance as you need in the implementation of the recommendations. Your financial situation is always changing in reaction to outside influences. It’s important for an advisor to periodically review and revise your plan to adjust to changes in the financial world as well as your personal goals.

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