The Financial Planning process involves taking a “big picture” look at where you currently are financially, identifying life goals and future plans and devising a long term strategy to achieve the lifestyle you want. All in the most financial and tax efficient way possible.
Everyone’s financial goals will be different, although may include a secure retirement, a child’s education or the transfer of wealth to heirs. Your values and unique situation will require a personalised financial planning process, specific to your own variables, such as your income, risk tolerance, commitments, and family. As such your financial plan will be bespoke to you and your unique situation.
In short, it is about creating a financial plan to help you realise and achieve your short, medium and long term financial goals.