Broker Check

Financial Planning*

Lifetime Implications

Financially, how prepared are you? Successful people face multiple and complex financial matters. Do you have the time, expertise, and tools to manage them? Do you intend to do it yourself? The decisions you make today have lifetime implications.

Are you diverting attention away from other important areas of your life to manage a host of financial matters that don't seem to have a common purpose or goal?  Do you lack a sense of progress?  The sad truth is that most people have not defined and prioritized their goals or their motives.

Are you on track towards accomplishing your long-term goals? Have you established these goals?

Your financial adviser should:

  • have the experience, credentials, and resources needed to help you
  • assess your current personal and financial situation and concerns
  • help you identify and prioritize your goals and values
  • help you identify and document your motives (the "why" supporting your goals)
  • help you identify and consider alternatives for pursuing them
  • help you decide on the best course of action for addressing them
  • present a plan and action list for you to pursue them
  • help you implement parts of the plan as appropriate


A financial plan is NOT a series of financial recommendations from the adviser which must be followed by a corresponding series of decisions by you.  That is not a plan. Frequently, a financial plan is not much more than a sales presentation for products or services.

Unless your adviser is trained to guide you through a repeatable process of decision making, you will still need to decide whether you want to act on the plan or not!

A financial plan in its final form should be a series of decisions made by the client with the help of the planner with regards to the client's goals.

Depending on the planning needs of the client, a guided "decision making process" may take the following into consideration:

  • Client values
  • Specific decisions to be made
  • Specific objectives
  • Client priorities
  • Acceptable alternative solutions
  • Risk and reward of various solutions

With help of a financial planner, the above considerations can be easily applied to not only the financial planing process (below) but any significant business or personal decision.


The CFP Board of Standards defines a process for financial planning and recommends a list of financial planning subject areas which are typically addressed during the planning process.*

Please call to arrange for a no-cost, no-obligation, exploratory meeting.

*See "Financial Planning FAQ - CFP Board"