Financial Planning
What Does "Financial Planning" Really Mean?
Unfortunately, we find the term financial planning is over-used and means everything. Therefore, in our opinion it means nothing. We believe proper financial planning is the coordination of economic resources in a manner where one resource is not allowed to work at the expense of others. It means achieving balance across all financial planning disciplines.
To help illustrate what financial planning entails, we prepared the following list to provide an overview of what financial planning “is” and what it "is not."
Financial Planning Defined
| What Financial Planning Is Not Intended to Provide: | What Financial Planning Is Intended to Provide: |
| INVESTMENTS | Disciplined Wealth Accumulation Risk Tolerance Evaluation Financial Independence Planning Education Planning |
| ESTATE PLANNING | Wealth Preservation Charitable Planning Asset Protection Estate Tax Reduction Coordination of Investments and Insurance |
| INSURANCE | Evaluation of Policies Liquidity Analysis Review of Available Insurance Options Risk Management |
| BUSINESS PLANNING | Succession Issues Human Resource Compliance Business Continuation Control Risk Management Employee Benefits |
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Investment Advisory Services offered solely through Investment Advisory Representatives of NFP Securities, Inc. a Federally Registered Investment Advisor
Smith, Frank & Partners, LLC is an affiliate of NFP Securities, Inc. and a subsidiary of National Financial Partners Corp., the parent company of NFP Securities, Inc.
NFP Securities, Inc. does not offer legal or tax advice.
Using diversification as part of your investment strategy neither assures nor guarantees better performance and cannot protect against loss of principal due to changing market conditions.
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