Comprehensive Financial Planning
At Sterling Financial Group, comprehensive financial planning and wealth management is the backbone of our planning business and strategy. We passionately believe that in order to provide sound financial advice we first need to acquire a complete understanding of a client’s entire financial picture. Through the financial planning process, we will create a customized road map for each client so that they feel holistically informed as to their current financial position and have a clear understanding of the path required to meet each financial goal. This is a constantly evolving process and as your financial advisor we will guide you through life’s changes and provide you with all the tools necessary to make well thought out decisions throughout the way.
The Major Components of the Financial Planning Process Include:
- Investment & Wealth Management
- Retirement Planning
- Estate Planning
- Insurance & Risk Management Planning
- Disability Insurance
- Life Insurance
- Long Term Care Insurance
- Business Planning
- Education Planning
- Tax Planning
- Cash Flow & Debt Reduction
- Charitable & Legacy Planning
The Major Steps in the financial Planning Process, as defined by the CFP® board, are as follows:
- Establishing and defining the Client/Planner relationship
- Gathering the information necessary to fulfill the engagement
- Analyzing and evaluating the client’s current financial status
- Defining client goals and objectives
- Creating a financial plan and road map with recommendations
- Implementing the recommendations
- Ongoing review