Financial plan


Also found in: Dictionary, Thesaurus, Acronyms, Encyclopedia, Wikipedia.

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 ?
When embarking on a large-scale re-engineering of the budgeting and planning process, you have to make everyone aware of the fact that by bringing together the strategic plan and financial plan, you are guaranteeing economic viability and the mission's survival.
The result is a financial plan that decreases worry and stress, knowing that you are in control and are systematically building and protecting your wealth.
First Command Financial Advisors are committed to helping federal employees understand their current benefits, get in touch with their core values, set specific goals that are aligned with those values and create a personalized financial plan.
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.
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.
The remaining 19% involved preparation of comprehensive financial plans.

Full browser ?