Financial Planning

A comprehensive financial plan is more than just a savings goal or even a retirement plan. A financial plan is a blueprint for your financial future, as well as a detailed map to get you towards your goals. It encompasses all aspects of your financial life, including:

• Retirement savings
• Retirement income planning
• Insurance planning
• Tax mitigation strategies
• Education planning (for self and children)
• Investment management
• Estate planning
• Business planning and exit strategies
• And more

Rather than managing these aspects of your life separately, a financial plan examines, connects, and  synchronizes all of these areas of your finances to ensure that they are working together to drive you towards your financial goals. A comprehensive financial plan can help you pursue your goals more quickly, as well as giving you a better understanding of your financial circumstances. This provides direction and meaning in your financial decisions, so you can feel confident that each decision you make is bringing you closer to the future you’ve dreamed of.

A key aspect of any good financial plan is its ability to adapt and evolve with you as your life changes. We recognize that nothing is set in stone, so your financial plan shouldn’t be either. That’s why we offer you ongoing support and guidance, as well as regular reviews of your financial plan. If something in your life changes unexpectedly, we’ll look at how those changes impact your finances and your goals, then adjust your plan accordingly to keep you on the right track. Whether you experience a sudden loss of income, inherit a large sum of money, or simply change your mind about what your goals are for the future, Capital World Advisors, Inc., can help you adapt and adjust your financial plan to ensure it continues meeting your needs.

We know that financial planning isn’t something that everyone is familiar with, and you likely have many questions about what a financial plan looks like. We’ve answered some of the most common questions below. If you have any questions related to your individual financial circumstances and what would be included in your financial plan, contact Capital World Advisors, Inc., today to schedule an appointment with one of our experienced financial advisors.

What Is Included in a Financial Plan?

As mentioned above, a financial plan takes a “big picture” approach to your finances. It should examine everything from your income and expenses to your insurance coverage and retirement goals. The exact details of what’s included in your financial plan will be customized to your individual needs and unique circumstances, based on the information you provide to your financial planner.

What Information Do I Need to Provide?

In order to create a financial plan that best meets your needs, we do require quite a bit of personal and financial information. This includes income and expenditure information, how many dependents you have, any investments you currently hold, your current insurance coverage, and so on. In our first meeting, we’ll typically discuss matters more generally, such as your goals, financial concerns, and priorities, then discuss the deeper details of your finances in a follow-up planning meeting. 

While it may feel as if you have to share a great deal of personal information with your financial advisors, it’s important to think of this meeting as a financial “check-up.” Just as your doctor cannot accurately assess your health and provide treatment recommendations without a thorough understanding of your medical history, we cannot accurately assess your financial health and needs without as much detailed, accurate information as possible. We encourage you to be open and honest with your advisor so that we can ensure the financial plan we design for you is suited to your needs.

What Comes Next?

A financial plan doesn’t mean much until it’s put into action. Once we’ve designed your financial plan, we’ll guide you through implementing it and starting you on the path to a more independent financial future. We’ll provide the necessary financial services, guidance, and support to follow through on your financial plan and help you pursue your goals, whatever they may be. We’ll continue to monitor and assess your plan’s performance, and make adjustments as needed to support your goals.