Financial Planning

In todays uncertain economy, financial planning has become increasingly important. With an overwhelming number of options for saving and investing, managing your finances can be difficult. Creating a financial plan helps you see the big picture and set long and short-term life goals, a crucial step in mapping out your financial future. When you have a strategy and a financial plan, its easier to make financial decisions and stay on track to meet your goals. Working with a properly trained CFP professional can secure your financial wellbeing and give you peace of mind and help you reach financial planning success.

Some people do, do their own financial planning with help of online calculators, but those even do it with proper wealth management desk tool, but you may want to seek help from a Certified Financial Planner™ professional if you:

  • Want to better manage your finances, and not sure which product to go for.
  • You  arent getting your desired return with your own financial planning.
  • You are not sure where to start or priorities from present situation.
  •  Dont have time to do your own financial planning.
  • Want a professional opinion about the plan youve developed.
  • Dont have sufficient expertise in certain areas in any of such as investments, insurance, taxes or retirement planning
  • Have an immediate need or unexpected life event short term need.


There are many benefits of financial planning. If any of the above questions apply to you, it may be time to call a Certified Financial Planner™ professional to help you reach your financial goals and achieve your financial success.

To develop a solid financial plan, its important to cover all your base, including examining your current situation, setting achievable financial goals and measuring your progress regularly. From start to finish, a Financial Planner professional can take you through the financial planning process steps to help you achieve your financial goals.

Here are six financial planning steps followed by CFP. (Based on and after defining the client and service professional relationship on compensation agreed)


A. Evaluating your Current Financial Status

A Basic Need Analysis process is carried and appropriate information are taken and based on the information provided current financial status is derived. Even foreseen and current financial goals are discussed, Evaluating the financial status of the investment made and their performance are measured are also done.

B. Gathering Data & Prioritizing Goals

Based on the Need Analysis, Trained CFP professional will talk about your current financial situation and gather any necessary documents. A detail and Fact Finding are done together, after documents are reviewed and youll define your personal and financial goals,  You may also want to discuss your comfort level when it comes to taking financial risks and prioritizing the financial goals.

C.  Analyzing Obstacle or Financial Issues

Here after concluding and prioritizing the goals all aspects of your situation to determine what you need to do to meet your goals. Depending on what services youve asked for, after analyzing your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies. Financial Gaps are identified, and exact problem are identified  which are cause of the issues if any noted.

D.  Recommendation Of Action Plan

Next, Financial Planner professional will go over  financial recommendations, explaining the rationale so client can make informed decisions. At this stage, planner will also listen to any concerns client may have and revise his recommendations if necessary. And prepare a proper action plan and strategies of investment agreed upon by both.

E.  Implementing Strategies

Based on agreed action plan Financial Planner  may carry out the recommendations himself or serve client as coach, coordinating the process himself or with other professionals, who provided the service or even client himself capable enough may get support of recommendation by his own contact and his decision which are agreed upon.

F.  Monitoring & Reviewing

As you work towards your goals, you and your Financial Planner professional will need to decide who will monitor your progress to make sure youre staying on track. If the planner is in charge, hell check in from time to time, reviewing your situation and making any necessary adjustments to his recommendations if required with mutual consent of both parties.

To obtain financial planning success, find a Certified Financial Professional who can help you reach your financial goals.