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What is Comprehensive Financial Planning?

Comprehensive Financial Planning covers a number of subjects ranging from assessing your current financial situation to identifying your goals and needs and selecting the appropriate investments. Financial planning involves determining your tolerance for risk and time horizon; setting both short and long-term investment objectives; identifying any restrictions on current or future assets or liabilities; determining the asset classes and mix appropriate to maximize the likelihood of achieving the investment objectives at the lowest level of risk; determining the investment methodology to be used with regard to investment selection, portfolio rebalancing, buy-sell disciplines, and portfolio reviews and reporting. All of these issues are among the necessary issues included in a comprehensive financial plan.

How I can personally help you with your plan and why it is important?

I can help you;

  1. establish reasonable expectations, objectives and guidelines, 
  2. create the framework for a well-diversified asset mix that can be expected to generate acceptable long-term returns at a level of risk suitable to you, including identifying an appropriate risk level and acceptance, 
  3. specify the target asset allocation, 
  4. establish investment guidelines regarding the selection of investments, permissible securities, and diversification of assets, and 
  5. specify the criteria for evaluating the performance of the investments. Finally, I can assist you in the implementation of your choices and decisions in order to bring meaning and life to the plan.

Remember any financial plan should be dynamic in nature. A financial plan should reflect a person's current status and philosophy regarding the investment and acceptance of risk. As a life event occurs, your financial plan should be reviewed and, if necessary, revised to ensure the plan adequately reflects any changes related to the goals, risk exposures, or the economic conditions. It is understood that there can be no guarantee about the attainment of the goals or investment objectives outlined in a financial plan, but not having one is tantamount to traveling the world without a compass or map.

In order to achieve, maintain and improve client satisfaction with their personalized financial plan, I use the following basic criteria. The six fundamental generally accepted steps of the financial planning process will be used. The analysis and recommendations will always be presented in a written comprehensive format, and the review of financial circumstances will be as wide-scoped as the data, goals and the client allow. With regard to individual security recommendations, you should understand that single topic advice is not financial planning. I may provide individual security recommendations, but only within the context of your entire financial plan. If you would like more information regarding financial planning, send me an e-mail.

If you live in Illinios and would like to have a customized time line, step-by-step, month-by-month, year-by-year plan in order to know what to expect and how to be ready, drop me a note. For a booklet describing the benefits of financial planning, please send me an e-mail at and be sure to include your mailing address.