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Financial Planning

Atlas PWA Financial Planning: ‘Mapping your Goals, Supporting your Dreams’

‘Failing to plan is planning to fail’
Quote by Alan Lakein

Importance of a Financial Plan

In today's uncertain economy, financial planning has become increasingly important. With an overwhelming number of saving and investing options, managing your finances can be very confusing and difficult. Wall Street does a great job of confusing Main Street investors and unfortunately this causes many to simply not do anything about their finances.

There are a number of benefits from creating a financial plan as it helps you see the big picture and set long and short-term life goals, a crucial step in mapping out your financial future. With a financial plan, it's easier to make financial decisions and stay on track to meet these goals. Working with a CFP® professional can help your work towards financial wellbeing and help you make more confident decisions about purchases, investments or other expenses you are considering (i.e. Can I afford that private education, vacation home or investment property?)

Three-Step Financial Planning Process

  1. Introduction and Data Collection: This is the first step in the Atlas PWA financial planning process. This is an exploratory meeting where you get a better understanding of our team, philosophies and beliefs but more importantly, we invest the majority of this meeting to understanding your current situation and the financial goals you would like to accomplish. We will also discuss some preliminary strategies for your situation.

  2. Analyze and Implement: Once we understand all aspects of your situation, we then start analyzing and developing your tailored financial plan. Working together over 2-3 meetings, we can review and adjust the plan as needed and begin implementing any strategies you are comfortable with.

  3. Monitor: We feel this is the most important step. Once your plan is set, we continue monitoring your progress against the financial plan you established. This is done throughout the year in quarterly or semi-annual meetings/webinar calls. This helps in today’s volatile and evolving economy to forecast any risks that may delay in achieving your goals.