Mission Statement: Wealth Management and Financial Planning

The goal of financial planning is to allocate an individual's limited resources more efficiently to optimize current wants and needs while providing for future goals and objectives. The purpose of a Certified Financial Planner™ or CFP^® is to assist in the financial planning process by providing a level of knowledge, experience, and foresight beyond that of the individuals they represent with the objective of making better proactive decisions versus potentially costly reactive decisions.

If you are searching for a financial planner or want to test the knowledge of your current advisor, click here for a printable list of financial topics you can address to assess their level of knowledge. If the person you are interviewing is not a CFP^®, have him or her sign the bottom of each page attesting to their ability and what they are licensed to legally discuss with you.

A certified financial planner looks at each area of financial planning collectively. Here are a few areas that should minimally be covered:

Retirement Planning - develop a written plan based on your goals and objectives to increase the probability of success.
Tax Planning* - tax strategies that reduce current and future income tax, capital gains tax, estate tax, gift tax, and other taxes.
Insurance Planning - ensure you have proper and adequate insurance coverage for disability, life, health, long-term care, homeowner's, auto, E&O, and property and casualty insurance.
Budgeting - analyze spending and saving habits and create a plan that differentiates and prioritizes needs and wants.
Debt Planning - develop strategies that manage and reduce debt.
Business Planning - structure, benefits, and succession.
Investment Planning - create an investment strategy based on current and future goals with the objective of reducing risk through strategic diversification while achieving desired returns.
Special Needs Planning - custom-designed plans that incorporates unique goals and objectives such as children's education, purchasing investment property, family care, etc.
Estate Planning* - develop a written plan with the objective of reducing estate and gift taxes, protecting wealth, and transferring wealth.
Employee Benefits - help clients understand, analyze, and utilize their company benefits.

* Always consult your personal tax advisor before implementing tax strategies as well as an estate planning attorney for estate planning.

Essentially, a CFP is the team captain collaborating with tax advisors, attorneys, investment advisors, insurance advisors, loan officers, employer's benefits personnel, etc. in an effort to develop a plan that identifies inefficiencies, reduces risk, increases and protects wealth while enhancing the client's quality of life.

Anyone can call themselves a financial planner, but only a CFP^®has met specific educational and testing requirements giving them a distinct advantage over other financial advisors due to their comprehensive approach to the financial planning process.

For more information on financial planning, visit www.cfp.net.

Visit the Financial Planning Association to find a Certified Financial Planner™.

If You Desire More Time to Pursue Life's Pleasures, Find Out How a Certified Financial Planner Can Help.

Click Here for more information on financial planning and The Financial Planning Center

Contact: ProActive Financial Planning

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