What is Financial
Financial planning is the process
of meeting your life goals through the proper management of your
finances. Life goals can include buying a home, saving
for your child’s education or planning for retirement. We
help you clarify and prioritize your financial objectives and explore
your values, beliefs and attitudes about money. With financial planning,
you can see the big picture of where you are in relation to where
you want to be.
The Benefits of Financial Planning
Financial planning provides direction
and meaning to your financial decisions. It allows you
to understand how each financial decision you make can affect other
areas of your finances. For example, buying a vacation home today
might fulfill a lifelong dream, however, it could impact your discretionary
spending, or it might delay your retirement, due to increased costs
resulting in reduced savings.
By viewing each financial decision as part of a whole, you
can consider its short and long-term effects on your life goals.
You can also adapt more easily to life changes and feel more secure
that your goals will be achieved. The knowledge and insights gained
about your own desires, risk tolerance, and the capital markets
will empower you to make informed decisions and feel more in control
of your finances.
For maximum benefit, financial planning
should begin as soon as possible. The process involves
setting life goals, gathering relevant information, examining your
current financial status and coming up with a strategy for how you
can meet your goals given your current situation and future plans.
The written report we prepare serves as a roadmap to help you get
from here to there.