icon Find Your Financial Planner

A Financial Plan:  

  • Addresses your day-to-day Financial Management needs (analysing income, expenses, assets and debts) and at least two additional areas such as Investment Planning (growing and managing savings), Retirement Planning (planning for after regular employment has stopped), Insurance and Risk Management (protecting against financial loss from life events such as accidents, illness, or death), Tax Planning (assessing your current and future tax obligations) or Estate Planning and Law for financial planning (arranging how assets are structured and passed on and assessing legal protections such as a will, trust, and power of attorney or the equivalent).
  • Analyzes the interrelationships among these areas and the trade-offs involved.
  • Includes documented assumptions, strategies, recommendations, and an action plan that specifies what needs to be done, by whom, and when.

A Financial Plan may also highlight the importance of regular reviews to ensure the plan remains relevant as circumstances change.

 

Understanding the Financial Plan: An Interactive View

A Financial Plan evaluates at least three relevant financial planning areas but may evaluate up to all six financial planning areas and addresses the interrelationships among.

The Financial Plan must include: Financial Management analysis and at least two of: Investment Planning; Insurance and Risk Management; Tax Planning; Retirement Planning; and/or Estate Planning and Law for Financial Planning.

Analysing income, expenses, assets and debts

Discovery and analysis of a client’s current and future financial position is fundamental to a financial planner’s ability to provide financial planning advice with respect to the other planning areas. This analysis may be captured as its own area or integrated into other areas within the plan.

+
Investment Planning+
Insurance and Risk Management+
Tax Planning+
Retirement Planning+
Estate Planning and Law+

Select a topic to view more information.

 

What's next?

Woman sitting outside looking at computer - golden hour