Comprehensive Financial Planning

What is Comprehensive Financial Planning?

Comprehensive financial planning considers the entirety of your financial life.

Your assets, your liabilities, your income, your expenditure, your taxes, your business; these aspects of your financial life are never isolated from each other.

Occasionally or frequently, they interrelate.

Financial planning is about building wealth through a process, not a product.

Financial products are everywhere, and simply putting money into an investment is not a gateway to getting rich, nor a solution to your financial issues. Comprehensive financial planning is holistic. It is about more than money.

A financial plan is not just built around your goals, but also around your core values:

  • What matters most to you in life?
  • How does your wealth relate to that?
  • What should your wealth help you accomplish?
  • What could it accomplish for others?


Financial planning is long-range.

It presents a strategy for the accumulation, maintenance, and eventual distribution of your wealth, in a written plan to be implemented and fine-tuned over time.

It is a collaboration, and results in an on-going relationship with your adviser. Since the plan is goal-based and values-rooted, both the investor and the adviser involved have spent considerable time on its articulation.

There are shared responsibilities between them; trust strengthens between them as they live up to and follow through on those responsibilities. That continuing engagement promotes commitment and a view of success.

Think of a comprehensive financial plan as your compass.

Accordingly, the financial professional who works with you to craft and refine the plan can serve as your navigator on the journey toward your goals.

The plan provides not only direction, but also an integrated strategy to try and better your overall financial life over time.

As the years go by, this approach may do more than make money for you, it may help you to build and retain lifelong wealth.