What is True Financial Planning?
True financial planning is the bias-free approach to delivering financial planning services. True financial planning services utilize the “fee-only” compensation model. The “fee-only” model eliminates the incentive for recommending products and services that are sub-optimal in the accomplishment of client’s goals and objectives.
Measure with Financial Statements
The first step in the financial planning process is to collect and organize your financial data into financial statements to help determine your financial situation. Once complete, future cash flows will be forecasted to determine if you can achieve your financial goals and objectives.
Strategize to Close Financial Gaps
In the event that your forecasted budget falls short of meeting your future needs, your Financial Advisor will work with you to develop a strategy to help you achieve your financial goals and objectives. This strategy will cover financial management, estate planning and insurance issues.
Save and Invest to Accomplish Goals
Your financial planning strategy will include recommendations concerns budgeting, savings and investments. These critical elements of the financial planning process will help you achieve your financial goals through disciplined financial management and income growth.