What is Financial Planning?
Creating order out of chaos
The development and implementation of a plan to achieve overall financial objectives
Process of creating wealth, reducing debt and creating a strategy to meet financial goals
A combination of tax planning, retirement planning, estate planning, investment education and allocation planning, risk management planning, budgeting, debt management and more.
Income Tax Planning
Budgeting & Debt
The Modern Money Advisor Process
Establishing and defining the client-planner relationship
Gathering your data including your goals and pain-points
Analyzing and evaluating your current financial situation and strategy
Developing and presenting recommendations, various alternatives and a game-plan
Helping you implement the recommendations
Monitoring progress towards goals and updating the plan when needed
We Will Discuss
Organizing Your Finances
Emotional Money Habits
Giving Back / Philanthropy
Major Savings Goals: Going Back to School, Buying a House, Getting Married, Starting a Business, Starting a Family
Caring for Aging Parents
Ways to Cut Expenses
Ways to Increase Savings
Your Mindset About Money
Why Choose a CFP® Professional?
Most people think all financial planners are “certified”, but this isn’t true. Anyone can use the title “financial planner”. Only those who have fulfilled the certification and renewal requirements of the CFP Board can display the CFP® certification trademarks which represent a high level of competency, ethics and professionalism. And because they are held to a fiduciary standard of care when providing financial planning services, a CFP® professional is required to act in your best interest.
CFP® CERTIFICATION REQUIREMENTS:
Unlike many financial advisors, CFP® professionals must develop their theoretical and practical knowledge by completing a comprehensive course of study at a college or university offering a financial planning curriculum approved by CFP Board. Applicants may also satisfy the education requirement by submitting a transcript review or previous financial planning-related course work. Or, they can show that they have attained certain professional designations or academic degrees that cover the important subjects in CFP Board’s financial planning curriculum.
CFP® professionals must pass the comprehensive CFP® Certification Exam, which tests their abilities to apply financial planning knowledge to real-life situations. The exam covers the financial planning process, tax planning, employee benefits and retirement planning, estate planning, investment management and insurance. This comprehensive exam ensures that a CFP® professional is highly qualified to develop a plan for your finances.
CFP® professionals complete several years of experience related to delivering financial planning services to clients prior to earning the right to use the CFP® certification trademarks. This hands-on experience guarantees that CFP® professionals have practical financial planning knowledge, so you can count on them to help you create a realistic financial plan that fits your individual needs.
When it comes to ethics and professional responsibility, CFP® professionals are held to the highest of standards. They are obliged to uphold the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence as outlined in CFP Board’s Code of Ethics. The Rules of Conduct require CFP® professionals to put your interests ahead of their own at all times and to provide their financial planning services as a “fiduciary”—acting in the best interest of their financial planning clients. CFP® professionals are subject to CFP Board sanctions if they violate these standards.
CFP Board’s rigorous enforcement of its Standards of Professional Conduct—including releasing disciplinary information to the public—distinguishes the CFP® certification from the many other designations in the financial services industry. Everyone who seeks CFP® certification is subject to a background check, and those whose past conduct falls short of CFP Board’s ethical and practice standards can be barred from becoming certified. After attaining certification, a CFP® professional who violates CFP Board’s ethical and practice standards becomes subject to disciplinary action up to the permanent revocation of certification. Through diligent enforcement of its ethical and practice standards, CFP Board provides you with the confidence that your CFP® professional is both competent and ethical.