Financial plan

(redirected from Financial Plans)

Financial plan

A blueprint relating to the financial future of a firm.

Financial Plan

A summary of a company's financial needs or goals for the future and how to achieve them. Corporate financial planning involves deciding what investments and activities would be most appropriate under both the company's individual and broader economic circumstances. All things being equal, short-term financial planning involves less uncertainty than long-term financial planning because, generally speaking, market trends are more predictable in the short term. Likewise, short-term financial plans are more easily amended in case something goes wrong.

Financial plan.

A financial plan is a document that describes your current financial status, your financial goals and when you want to achieve them, and strategies to meet those goals.

You can use your plan as a benchmark to measure the progress you're making and update your plan as your goals and time frame change.

Financial planners and other investment professionals can help you create a plan, identify appropriate investments and insurance, and monitor your portfolio. You may pay a one-time fee to have a plan created, or it may be included as part of a fee-based account with a stockbroker or investment adviser.

References in periodicals archive ?
For many organizations, the strategic and financial plans are too often viewed as separate entities--the strategic plan a narrative theory, the financial plan full of budgeting variables "and never the twain shall meet.
These are just a few of the issues families face as they develop and refine their financial plans.
Then why is it that so many financial advisers start off client financial plans by recommending mutual fund or investment products?
Suggested queries include: Can I see some of the financial plans you have prepared?
Through personalized financial plans that emphasize investments, insurance and full-service banking, First Command Financial Advisors have established lasting relationships with hundreds of thousands of client families since 1958.
Since the groups share technical expertise and often details of financial plans, some CPAs prefer to connect with a group outside their local area.
There, he works with a group of accountants, lawyers, real estate agents and stockbrokers to create the best financial plans for his clients.
Similar to the retainer fees charged by other accredited industry professionals, the Fee-for-Service capability positions First Command Financial Advisors to create and serve client relationships through written financial plans, ongoing advice and assistance in implementing plans and regular, scheduled progress reviews with a credentialed Financial Advisor.
Many of those without financial plans believe they do not need one, so it is important to recognize that some affluent households are not good prospects for comprehensive financial plans but might still need other financial products and services.
The remaining 19% involved preparation of comprehensive financial plans.
In Real Life Financial Planning CFP Todd Bramson strives to impart the knowledge he has gained from 20+ years working directly with individuals, customizing their financial plans and addressing their specific questions.
6, Reporting on Personal Financial Statements Included in Written Personal Financial Plans, recommends this report:

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