Uncertain economic times, ever-changing legislation, many new financial products, higher taxes and lack of time have made investment decisions more complicated. A well-designed financial plan will help make financial choices easier, providing you with a greater sense of financial security. Here are answers to the questions we are asked most frequently. Personal financial planning focuses on the individual - all the financial and psychological factors that impact a person's life. Although each financial planning practitioner has his or her own style, every member of the CAFP is involved in specific activities for the financial benefit of their clients.
Financial advice comes in many forms and from many sources.
A professional financial planner, on the other hand, thoroughly reviews and analyses all of the aspects of your financial state of affairs and prepares a comprehensive individualized plan to help your achieve financial security in the long term. Clarify your present situation by collecting and assessing all relevant financial data, such as lists of assets and liabilities, tax returns, records of securities transactions, insurance policies, wills and pension plans. Decide where you want to go by identifying financial and personal goals and objectives . A financial planner helps you clarify your financial and personal values and attitudes. These may include providing for your children's education, supporting elderly parents or relieving immediate financial pressures which would help maintain your current lifestyle and provide for retirement.