Financial plan


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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 ?
These are just a few of the issues families face as they develop and refine their financial plans.
In addition, advisors can now use the imported information to build a financial plan in Finance Logix, and then send data from individual client financial plan scenarios to ENV 2, where they can create a proposal without logging out of Finance Logix.
However, women were less likely than men to have a firm financial plan (53 percent compared to 59 percent) and felt less financially secure (59 percent compared to 70 percent of men).
Next week, we would discuss how to create our Personal Budgets and Financial Plans. Don't miss it.
President Cavara also signed the Order on Promulgation of the Decision on Approval of the Financial Plan of the Federal Institute for Pension and Disability Insurance for 2018 and the Decision on Execution of the Financial Plan of the Federal Institute for Pension and Disability Insurance for 2018.
investors have a written financial plan to help them achieve their investment and retirement goals.
* 78 percent are confident their financial plan will help them achieve their goals;
For example, it's recommended that CPAs read and understand the financial plan to better know their client's goals and get copies of quarterly or annual reports to stay abreast of the client's situation.
The research also showed that people who had a financial plan in place were more confident of achieving it than others who had no such plans.
Company President William Callahan spoke to the significance of receiving a financial plan without a product sale involved.

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