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Financial Planning

Client Centered

The most important element in financial planning has nothing to do with numbers. It’s about our relationship with you. It all starts with a deeper conversation, one that involves understanding who you are and what you want to accomplish with your money. Instead of meeting with one advisor, you’ll be able to draw from the expertise, education, and knowledge base of our entire team.

Financial planning encompasses many different areas from preparing a budget and monitoring cash flow, to paying taxes, preserving your assets and income, saving for retirement and preparing for a transfer of wealth. It can seem overwhelming to keep track of everything when your financials are scattered across multiple accounts and professionals!

We help our clients keep everything in one place so you have access to a snapshot of your financial progress at any time. Our powerful software updates in real time offering secure document storage and account details. Our long-term relationships are built on trust and a devotion to exceeding your expectations when it comes to service.

What could financial planning help you Pursue?

Give life to your dreams and goals. Create an actionable plan to make progress one step at a time.

Develop a sense of security and confidence. No more losing sleep over the “what ifs” in life.

Preserve your wealth well. Prepare for leaving a legacy and transferring your wealth to the next generation.

Our holistic, coordinated approach takes every area of your finances into consideration and puts all the moving pieces together to help you keep moving forward.

Frequently Asked Questions About Financial Planning

  • What is the main purpose of a financial plan?

    Having a written financial plan gives you a measurable goal to work toward. Because you can track your progress, you can reduce doubt or uncertainty about your decisions and make adjustments to help overcome obstacles that could derail you.

  • What are the 5 components of a financial plan?

    There are five essential components of a financial plan such as Insurance planning, Retirement Planning, Investment Planning, Tax and Estate Planning Strategies.

  • What should a financial plan include?

    8 Components of a Good Financial Plan

    • Financial goals. 
    • Net worth statement. 
    • Budget and cash flow planning. 
    • Debt management plan. 
    • Retirement plan. 
    • Emergency funds. 
    • Insurance coverage. 
    • Estate plan.
  • What is the meaning of financial planning?

    What is financial planning? Financial planning is a step-by-step approach to meet one's life goals. A financial plan acts as a guide as you go through life's journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.

  • What is an example of financial planning?

    A financial plan example of possible goals might include the following: Pay off your credit card debts. Create a budget that you can live with. Save an emergency fund of three to six months' worth of your income.

  • What is the basic rule for financial planning?

    This is the most common rule of thumb which is used in the investment world. The rule says Equity percentage in your portfolio should be equal to 100 minus your age or in other words, debt should be equal to your age. For example if you are 30 you should have 30% of your investments in debt & 70% (100 – your age) in equity. However, your needs and goals will dictate any allocation.

  • What is the first step in the financial planning process?

    Step 1: Identify your Financial Situation

    The first stage of the financial planning process constitutes assessment on what is happening in your life right now and how you can change your financial situation.

  • What is the most important step in financial planning?

    While setting goals is a key part of the financial planning process, implementing your plan and working to pursue those goals may be the most important step.

  • What is the most important part of a financial plan?

    Budgeting and saving goals within a financial plan

    In this case, budgeting and saving are the critical factors. You can't build wealth without having a handle on your expenses and knowing what you can save. If you don't already, start tracking and categorizing your monthly income and expenses.

  • What are the two major types of financial plans?
    • Cash flow planning: In simple terms, cash flow refers to the inflow and outflow of money. It is a record of your income and expenses. ...
    • Retirement planning: This kind of planning means making sure you will have enough money to live on after retiring from work.

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