What is Comprehensive Financial Planning?

Do I need it?

Why do I need it?


There are many fascinating definitions for comprehensive financial planning.  When we ask people what they think, the answers range from managing investments, tax planning and maybe retirement planning.  Our definition of comprehensive financial planning is one that has evolved over our 60 plus years of experience.

You may find financial advisors that include debt management, tax management, investments, and insurance in their comprehensive financial plan. This may seem ‘comprehensive’ but leaves out some important items.

Our definition of comprehensive financial planning is the unique result of going through a personal collaborative process to clearly define your goals and values. 

Comprehensive financial planning involves the detailed review and analysis of all facets of your financial situation along with your personal goals and values. This includes areas such as cash flow analysis, retirement planning, risk management, investment management, tax management*, estate planning and a deep understanding of what matters most to you. It is only through comprehensive analysis that your true financial condition can be determined, and the proper plan can be recommended. 

A good comprehensive financial plan can be likened to a health and wellness plan. You need to focus on and take care of all aspects of your health, not a select few. There are many aspects of your health and well-being that depend upon and affect each other, all working together to help create optimal health and wellness for a strong financial outlook. The benefits do not only affect you, your family shares in the relief, comfort, and advantages of your decisions.

A financial professional, needs to have a clear understanding of their clients personal circumstances and values.  It would be difficult for your financial advisor to assist you with your financial plan without learning all they can about you and what’s important to you.

We need to understand you, to create a comprehensive financial plan for you.

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