Financial Planning & Money Management
Financial Planning Definition: "Financial Planning is a collaborative process that helps maximize a Client’s potential for meeting life goals through Financial Advice that integrates relevant elements of the Client’s personal and financial circumstances.
CFP Board’s Code of Ethics and Standards of Conduct for CFP® Professionals. Effective October 1, 2019.
Financial Planning: Often individuals/households do not have the information and analysis to make good financial decisions. Financial planning is the process of collecting information, stating financial objectives, and providing and then providing information and analysis regarding those objectives. Click here to obtain more detail on the Financial Planning Process.
Money Management: A coordinated and long-term money management strategy is essential to meet financial objectives. It is also important the money management strategy be low-cost in terms of fees and tax-efficient. Click here to obtain more detail on Money Management.
Family Financial Discussions: It is often difficult for families to discuss important financial matters and this can lead to poor or uninformed decisions. Click here to obtain detailed information on Family Financial Discussions.