A question we sometimes get asked is "what is financial planning?" Casey explains what it is and why it is important to have a financial plan. Some people have concerns when it comes to the idea of creating a financial plan. Some of these concerns might be that they are uncomfortable talking about poor financial decisions in the past or they may think they don't have enough money to start the planning process. It is important to know that there are many versions of a financial plan, and each client who goes through the planning process with us will have a unique, customized plan developed according to their individual goals and objectives.
The process starts by examining the client's background, age, income, and past financial decisions. At this time, it is also important to define the client's overall objectives and purpose for creating a plan. Prioritizing goals is a way to guarantee the advisor understands what is most important to the client and allows for proper execution of the plan.