Financial Planning

Financial Planning Meaning:
In financial terminology, the term Financial Planning refers to a process whereby an advisor experienced in investment matters assists an individual or business in achieving their monetary goals. In general, this process involves discussing and choosing the investments and finance-related activities that seem best for the investor given their unique circumstances.

For example, when performing Financial Planning, a professional skilled in providing such a service might first look at their client’s overall financial situation. This broad review would include such things as their: current and future cash needs, how much they might need to borrow, what assets they have available to them, what costs they will need to cover, their tax situation, and their overall investment goals. After assessing this information, the Financial Planning expert should then suggest suitable investment tools and reasonable expectation time frames that might improve upon what the client would be able to come up with themselves.