Financial Planning

Financial Planning

Financial Planning is the process of meeting  your life goals through the proper management of your finances.


• Buying a house
• Higher Education

Definition of Financial Planning:
Financial Planning is the process of estimating the capital required and determining it’s competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an


To ensure availability of funds whenever these are required:
The main objective of financial planning is that sufficient fund should be available in the company for different purposes such as for purchase of long term assets, to meet day-to- day expenses, etc. It ensures timely availability of finance. Along with availability financial planning also tries to specify the sources of finance.


To see that firm does not raise resources unnecessarily:
Excess funding is as bad as inadequate or shortage of funds. If there is surplus money, financial planning must invest it in the best possible manner as keeping financial resources idle is a great loss for an organization.


Short term and Long term goals:
Financial Planning includes both short term as well as the long term planning. Long term planning focuses on capital expenditure plan whereas short term financial plans are called budgets. Budgets include detailed plan of action for a period of one year or less.


No Obligation Discovery Interview.

At this meeting, a Financial Planner will listen to your financial concerns and discuss how financial planning can help you achieve your financial objectives.

Gather Data

If you decide to engage in fee-based financial planning, the next and most important step is data gathering. This is where we learn about all of your financial goals, objectives, assets, liabilities, income, expenses and other relevant information. The foundation of a sound financial plan is having a clear understanding of what you are trying to accomplish. This information is kept strictly confidential, although your planner may consult, with your permission, with your attorney, accountant, or other advisers to make sure the data is complete.

Analysis and Development.

An analysis of your information is prepared. This includes reviewing all of your objectives and determining if they are feasible. Recommendations will be prepared based on the outcome of the analysis to tell you specific actions to take that may help you to achieve your goals.

Plan Presentation and Delivery

After all of the alternatives and information is analyzed, a final plan will be presented to you. The final plan is a written document prepared especially for you by your planner. It contains specific recommendations designed to help you meet your financial goals and objectives.


Your Financial Planner will explain how you can act on the specific recommendations in your financial plan by purchasing financial products. Financial products may be purchased at any institution you choose.

Monitor and Update as Needed

In life, one thing is constant: change. Each year and perhaps more frequently, your income, investments, assumptions, and objectives will change. This is why your Financial Planner stands ready to help monitor and update your plan as needed.


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