In our previous article, we had discussed how personal financial planning can help you meet your short term, medium term and long term financial goals. Developing an effective financial plan and executing on it, requires considerable expertise. Therefore, investors should engage with experienced financial planners or advisers in this process. There are broadly 6 steps in the financial planning process. Most certified financial planners (CFPs) and financial advisers will be very familiar with these steps in the financial planning. However, investors should remember that, while financial planners and advisers can play an important role in the financial planning process, the success of the financial plan ultimately depends on the investor. Therefore, it will be useful for investors to familiarize themselves with the process, so that they can work efficiently and effectively with their financial planners or advisers.
Conclusion
In this article, we have discussed some key broad steps in the financial planning process. You should educate yourself about these processes, and engage with an expert financial adviser, to help you prepare your financial plan and execute on it.
Aug 29, 2019
Aug 26, 2019
Aug 24, 2019
Aug 19, 2019
Aug 18, 2019
Aug 16, 2019
Aug 4, 2019
Oct 16, 2024 by Advisorkhoj Team
Oct 16, 2024 by Advisorkhoj Team
Oct 16, 2024 by Advisorkhoj Team
Oct 15, 2024 by Advisorkhoj Team
Oct 15, 2024 by Advisorkhoj Team