Financial planning


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Financial planning

Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against that plan.

Financial Planning

The process of determining a person's or firm's financial needs or goals for the future and the means to achieve them. Financial planning involves deciding what investments and activities would be most appropriate under both personal 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 easily predictable in the short term. Likewise, short-term financial plans are more easily amendable in case something goes wrong as a result of the short time frame.
References in periodicals archive ?
The Foundation for Financial Planning meets its mission daily by connecting financial advisors with underserved populations.
Martin is among a number of faculty pushing for the funding and establishment of personal financial planning programs at historically black colleges and universities (HBCUs).
To help determine whether financial planning is right for you, ask yourself:
CPAs interested in developing a niche practice in any area of financial planning.
Institute for Financial Planning Education of Castro Valley, Calif.
CPAS are adopting a variety of consulting and business models for offering financial planning services.
Volunteers with demonstrated knowledge of financial planning matters will provide survivors and families of victims with free consultation services to start them on their road to recovery.
CPAs who do personal financial planning (PFP) commonly find themselves sending their clients to other business professionals who can help clients implement planning recommendations.
In fact, the CFP designation is viewed as the benchmark in the financial planning industry for several reasons.
Active Portfolios provide Ameriprise financial advisors with a turnkey investment solution that allows them to spend more time working with clients on their unique Dream > Plan > Track(SM) approach to financial planning.

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