Financial Planning
Financial Planning
The financial planning profession has been around formally for more than thirty years.
According to the College of Financial Planning and Financial Planning Association, financial planning is defined as a “multi-step process which focuses on the financial and physiological factors which impact a person’s or family’s life.”
The process considers all aspects of a client’s financial situation. These include, but are not limited to:
- Accumulation of capital and assets (cash reserves)
- Education planning (perhaps private education and college)
- Risk management
- Business planning
- Investment planning (wealth management)
The financial planning process considers all of these topics as they impact a particular person’s life.
As financial planners, we work closely with clients to develop customized solutions that help meet their goals and dreams.
More than 35 years in this profession has taught us that achieving financial success for clients requires flexibility and a human touch.
Over the last several decades, many financial planners have concerned themselves too much with producing static, numbers-in, numbers-out financial plans.
To us, a financial plan is more than a multi-pound binder paper with charts and graphs and Monte Carlo simulations or asset allocation studies.
We view planning as a process that serves to create a blueprint for an investment lifetime, encompassing all aspects of a client’s financial life, from education funding to retirement planning to estate planning and much more.
Great financial plans must be dynamic and customized, and must address each client’s specific financial constraints and goals.
Successful retirement planning is what most people care about when it comes to mapping out and achieving their financial dreams.
Tesoro Capital Management works to achieve goal realization for clients in a thoughtful, prudent way, utilizing our vast financial planning experience coupled with a sensible investment discipline.
Patrick J. Horan, CFP®, ChFC, has been providing financial planning advice to clients since 1981.
He became a certified financial planner in 1988, and also obtained the Chartered Financial Consultant (ChFC) designation from the American College in 1995.
Both designations required seven years of study in the financial planning profession.
Patrick Horan was named in Worth Magazine as one of the Top 250 Financial Advisors in America for a number of consecutive years.
He has also appeared in national publications and has authored many articles on financial and investment planning.
For information on “How to choose a planner” visit the Certified Financial Planner website link, by clicking HERE. This site also explains the course work involved.
To learn more about The Financial Planning Association, visit http://www.fpanet.org/.