The process of developing and implementing a coordinated plan for achievement of financial objectives. It could include income tax planning, retirement planning, investment planning, risk management, and estate planning.
The comprehensive analysis of an individual's or business' current financial condition, including sources of present income, net worth and expenditures; projection of finances into the future; budget guidelines; and use of financial investments, such as stocks, bonds and insurance, retirement plans, etc., to achieve financial objectives and the eventual transfer of assets to designated heirs.
Setting out financial goals, assessment of income, expenses, assets, liabilities, pension and insurance position and forward planning investment and financial decisions to meet such goals, with the assistance of a professional financial planner.
Financial planning is assessing your business' financial situation, determining its objectives and formulating financial strategies of how to achieve them. Financial planning should become a continuous activity where the plan is reviewed regularly and performance measured against specific devised targets.
The process of establishing financial goals and developing an action plan to achieve them. The financial planning process includes all aspects of personal finance including managing cash flow, insurance, investing, taxes, and retirement and estate planning.
The process of providing comprehensive advice and assistance to a client for the purpose of meeting a client's financial needs and life goals. The process normally includes six steps: data gathering, goal setting, identification of financial issues, preparation of written options and recommendations implementation of the client's decision, and periodic review and revision of the plan.
The process of providing comprehensive and reliable advice and assistance to a client in order to satisfy their financial needs and life goals. The process normally includes six steps: data gathering, goal setting, identification of financial issues, preparation of written options and recommendations implementation of the client's decision, and periodic review and revision of the plan.
One of nine areas of work within the Mentor Program. It refers to the process of providing comprehensive assistance and support in meeting a client's financial needs and goals, across varying situations and changing contexts.
(1) The consideration and evaluation of the financial consequences of alternative economic choices and the rearrangement of your financial affairs in light of those considerations. (2) The design of an investment program for the purpose of achieving one or more specific financial goals, such as the creation of a college fund for children or grandchildren, the purchase of a home, or the establishment of a retirement nest egg.
The process of evaluating the investing and financing options available to a firm. It includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against that plan.
Financial Planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Usually, a company creates a Financial Plan immediately after the vision and objectives have been set. The Financial Plan describes each of the activities, resources, equipment and materials that are needed to achieve these objectives, as well as the timeframes involved.