A FINANCIAL PLAN IS THE crux of the financial planning process. In a way, it’s the road map for your clients’ money, there to guide them financially from where they are today to where they want to be. Without a plan, investors are just paddling in an open sea, hoping their direction and speed will be enough to get them to their destination.

Given the financial plan’s importance to the planning process, advisors and clients alike must understand what a financial plan is and the key elements that make a good plan. Read More