Value of a Financial Planner What is Financial Planning? Financial Planning is the process of analyzing your life goals and developing a plan in order to help you pursue these goals through the proper management of your finances. This process is more about the long-term relationship you build with your financial planner than the plan itself because the plan will be constantly changing as life happens. Why do you need a Financial Planner? Whether your financial affairs are relatively simple or very complex, a financial professional can help you develop an investment strategy that’s right for you and provide direction on how to plan for life’s major events.Retirement. Even if you have accumulated the financial resources for what could be 15 to 30 years of retirement, you will need a plan designed to help maximize and protect those assets.Investment Plan. A plan should seek to achieve your desired level of return without taking on more risk (or more kinds of risk) than you can tolerate.Protection of Current and Future Assets. Without proper tax, insurance, and estate planning, all of your other planning could be impacted by uncontrollable circumstances.Needs of Your Family. Do you have a plan for paying for the education of your children or grandchildren and/or the care of your loved ones? How does it work?1 Getting to know you. In this discovery process, we will define your short and long term financial goals, we ask you to complete a Financial Inventory to better understand what you have, what you owe, and what things are most important to you.Creating the Plan. We create a detailed analysis with action steps putting you on track to accomplish your goals.Acting on the Plan. The process by which we, together agree and act on the steps necessary to successfully put your plan into action.Revisiting the Plan. Financial Planning is an on-going process. On a periodic basis, we will together monitor the progress of your plan, make adjustments where necessary, and integrate changes accordingly.Investment Management.2 Investment advice and ongoing management are additional services available to you. We use the knowledge gathered about you in the financial planning process to develop a customized investment plan for your portfolio. An Independent Financial Planner: Works for you, independent of bias towards any product or company.Provides objective advice only after your needs are fully understood.Focuses solely on your needs, goals, and objectives rather than the goals of a company that sells insurance or investments. 1 Financial Planning fees are agreed upon in advance and are either hourly or fixed, depending on your needs.2 We use LPL Financial as the independent custodian and record keeper for our clients’ investments.