Our Financial Planning Services

“What is Financial Planning”?

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

Life goals can include buying a home, saving for your child’s education and planning for your retirement.

The financial planning process consists of six steps that help you take a “big picture” look at where you are financially. Using the six steps, you can work out where you are now, what you may need in the future and what you need to do to reach your goals.

The six steps are:

1. Establishing the client-planner relationship.
2. Gathering client data, including the goals.
3. Analysing your current financial status.
4. Developing and presenting financial planning recommendations.
5. Implementing the financial planning recommendations.
6. Monitoring the financial planning recommendations to include regular reviews.

“The Benefits of Financial Planning”

Financial planning provides direction and meaning to your financial decisions. It allows you to understand how each financial decision you make affects other areas of your finances. By reviewing each financial decision as part of a whole, you can consider its short and long-term effects on your life goals. You can also adapt more easily to life changes and feel more secure that your goals are on track.

“What is a Financial Planner”?

A financial planner is someone who uses the financial planning process to help you figure out how to meet your life goals. The planner can take a “big picture” view of your financial situation and make financial planning recommendations that are right for you. The planner can look at all of your needs including budgeting and savings, taxes, investments, insurance and retirement planning. The planner may also work with you on a single financial issue but within the context of your overall situation. This big picture approach to your financial goals sets the planner apart from other financial advisers, who may have been trained to focus on a particular area of your financial life.