Holistic 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.
In other words, are you managing the assets in your care in a manner that will afford the best possibility of achieving your goals?
Are you diverting attention away from other essential areas of your life to manage various financial matters that don’t have a common purpose or goal? As a result, do you lack a sense of progress? Sadly, most people have not defined and prioritized their dreams or motives.
Do you have written goals? Are you on track toward accomplishing your long-term goals?
Take a no-obligation “look” at eMoney Advisor. Click here to see how easy starting your financial planning process is.
- As an eMoney advisor, I help my clients by providing them with a secure digital portal to view their complete financial picture, collaborate with me as their advisor, and track progress toward their goals. The platform's tools foster better communication, engagement, and understanding of their finances.
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 follow
- help you implement parts of the program as appropriate
A financial plan is NOT a series of financial recommendations from the adviser, which, unfortunately, is not much more than a sales presentation for products or services.
A financial plan in its final form should be a series of decisions made by the client with the planner’s help concerning the client’s goals.
Depending on the planning needs of the client, a guided “decision-making process” may consider the following:
- Client values
- Specific decisions
- Specific objectives
- Client priorities
- Acceptable alternative solutions
- Risk and reward of various solutions
Experienced financial planners will help you carefully consider these emotional concerns in your financial planning process.
But why take my word on the matter? The CFP Board of Standards has produced an excellant series of three YouTube videos explaining their Code of Standards for the Financial Planning Process.
The First Three Steps of The Financial Planning Process
The Fourth and Fifth Step of the Financial Planning Process
The Sixth and Seventh Step of the Financial Planning Process
Please call Family Financial Services (952) 890-6611 to arrange for a no-cost, no-obligation, exploratory meeting.