In a strategic sense, financial planning is a broad term for a professional service that can help you better understand your saving and investment goals. These targets may include the preservation of capital, wealth creation or the establishment of future income streams for retirement through superannuation or investments. Risk management strategies and taxation advice also typically fall under the banner of financial planning.
While budgeting, record keeping, income and net worth statements plus credit and debt management normally fall under the banner of "financial counselling", successful financial planning also involves the mastery of these skills and disciplines.
Given the massive breadth attached to the field that is financial planning, it is unlikely any single person can cater to all your personal financial needs. So financial planning will often involve a financial adviser working with other professionals.
Common objectives and how they can be dealt with; Estate planning for young families and older clients and blended families - what engages the clients. Asset protection - the risks arising from blended ... Watch video
As goals-based advice continues to become an increasingly important part of an adviser's offering and service delivery, investment platforms are playing a pivotal role in bridging the relationship ... Watch video
Advisers share their personal experience on how their aged care services have assisted their business practice Discussion on what were the key hurdles at the start of the transition and how they have ... Watch video
Vanguard pilots new robo offering19 September 2019, 11:52amAccording to documents filed with the Securities and Exchange Commission, Vanguard is launching a new digital-only financial planning service through Vanguard Advisors. Read more