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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The initiative gives the students easy access to financial planning software, enhancing their learning experience and preparing them better to enter the workforce.
Callahan Financial Planning manages USD 125m in assets, prior to the inclusion of any new assets from this San Rafael, California acquisition.
* Alexander Strauss joined Savant as a financial planning and tax accountant in its Chicago office.
He has more than 10 years of experience in financial planning, including serving as a manager of financial planning and analysis at Mercury Insurance.
One in three women said they believe financial planning should begin in early adulthood, compared to one in four men.
"World Investor Week and World Financial Planning Day are opportunities to highlight the value of investor education and the work being done by securities regulators and others to increase investor financial literacy," said Chair of IOSCO's Committee on Retail Investors Jose Alexandre Vasco.
All these have hefty financial considerations that require adequate financial planning.
The addition of Tom's experience and expertise to our senior leadership team underscores this commitment as we further orient our platform around the mission of the financial planning profession.
CFP Board explained in a comment to ThinkAdvisor the proposed conversion of the six steps to seven reflects "the modern delivery of financial planning."
About Lawrence Financial Planning: Lawrence Financial Planning is a Florida-based fee-only financial planning services company providing financial services to individuals.

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