Broker Check

Why Consider Financial Planning

ASSISTANCE WITH MANAGING YOUR FINANCES

It has been our experience that many busy people, no matter how well educated or financially sophisticated, don't have the time or inclination to effectively manage their own financial affairs.

Most people today are too busy keeping up with the changes in their own specialized areas to remain current with the ever-changing financial services industry. To prepare a financial plan with the same attention to detail as that of a professional advisor would just take too much time and research. This would be time away from your personal life, occupation, business or civic responsibilities.

If your financial situation is being handled by a financial advisor, you can be assured that your "financial house" is in order. Your time and attention can be focused in effective business management and pursuing your personal interests.

CONFIRM YOUR FINANCIAL OBJECTIVES ARE BEING MET

Many people currently have several advisors in place that provide advice only within their own area of expertise. For example, the broker may be an expert in picking stocks and bonds, but without access to information concerning your total financial situation may not be able to provide the proper advice with respect to how to register those assets for estate planning purposes.

Your accountant may be doing an excellent job of tax preparation, but may not be able to help you re-position assets so as to reduce next year's taxes.

A professional financial advisor is certainly not intended to replace any of your existing advisors with whom you now have a satisfactory relationship. However, by evaluating your total financial situation, a qualified financial advisor can coordinate strategies that do not interfere with any of your stated goals and objectives. By focusing on the whole, rather than on a part, this advisor can make recommendations that are consistent with your long-term financial strategy.

MONITORING YOUR IMPLEMENTATION

A financial plan that is not implemented becomes merely an educational experience. Worse than that, you have become aware of your financial problems but have not taken action to solve them. Your stated goals and objectives can never be met without putting the plan into action. Follow through is critical!

A financial advisor will ensure that all phases of your plan are properly implemented by your selected agents, not only in terms of the types and categories of investments, but with respect to estate, tax, and retirement planning. All the areas of risk assessment are important, since one overlooked exposure could wipe out the rewards of years of work and saving.

FREQUENT REVIEW TO REMAIN ON SCHEDULE

Your planning is a dynamic process and should be reviewed on a continuing basis to verify that your goals are being met and that you are remaining on your financial schedule. Since "nothing is as constant as change itself", your goals, attitudes toward financial risks, and family circumstances will change.

Even if we as individuals were to remain the same, the financial world around us changes so frequently that constant monitoring is a necessary part of the planning process. The political, tax, legislative, and economic changes increase in frequency.

The on-going review and reporting also holds the planning firm accountable to you, the client. Quarterly reviews also ensure that any necessary adjustments are made before it is too late.

PROVIDES YOU WITH PEACE OF MIND

Many people have expressed the sentiment that the planning process has made them much more comfortable with their financial situations; their financial questions and concerns have been resolved.

Dealing with a financial advisor will give you the peace of mind in knowing that your financial situations are being handled by a full-time professional who is dedicated to your financial needs and who is in constant pursuit of your goals.