Financial planning refers to the processes by which your current financial situation is assessed to predict future income, withdrawal plans, and asset values. It may include budgeting, the allocation for future expenses, investments, and other considerations.
There are different types of financial planning. These include:
In simplest terms, a financial advisor helps clients manage their money. He or she may specialise in a certain area of finance or work under a broad umbrella of services.
A financial planner is a type of financial advisor who specialises in the creation of a comprehensive and strategic plan to enable the achievement of long term financial goals. He or she will assess your current circumstances and make recommendations to improve your financial situation. Your chosen financial planner should be professional, experienced, and certified in financial planning.
No matter what your situation or your objectives, the financial planning process involves a number of steps:
Universal Finance is a top Australian finance company. We offer a wide range of financial solutions including confidential financial planning that caters to clients from all walks of life and who experience a vast array of circumstances. You do not need to be wealthy to require a financial plan – everyone can benefit from accessing this service.
There comes a time in every person’s life, either personal or business-related, when they need to consider their financial goals both for the short and longer-term. Achievement of these goals is dramatically improved when one consults a professional financial planner.