Financial plan

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Financial plan

A blueprint relating to the financial future of a firm.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
He is responsible for creating financial plans and preparing and delivering financial planning analyses.
Financial plans are a critical but underutilized component of financial management, according to a new survey from Citizens Bank Wealth Management.
Next week, we would discuss how to create our Personal Budgets and Financial Plans. Don't miss it.
Fine, who started with Sensible Financial as a part-time intern 14 years ago, will work directly with clients on their financial plans and will also be responsible for planning and implementing the firm's internal processes and systems.
Client accounts and financial plans in Finance Logix are subsequently updated with data imported from Envestnet on a nightly basis, enabling daily updates of financial plan scenarios.
"Our winners have produced extraordinary financial plans rich in value to their clients.
The rise in the percentage of both nonretired and retired investors with written financial plans coincides with the long-running U.S.
However, not all clients require comprehensive financial plans. Clients with smaller retirement savings may need more help with (-ash How management and creating savings plans, for which a company that offers money coaching would be; a better match to teach people how to acquire the skills necessary to stay on task and achieve short-term money goals.
When he realized that his clients and their advisers were not properly implementing his financial plans, he decided to broaden his services.
Comprehensive financial plans typically can range from several hundred dollars to a few thousand dollars, depending on the individuals' needs and the complexity of their financial situation.

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