October is Financial Planning Month and Center Partner Tim Wyman takes this opportunity to bring us back to the basics. In this blog 5-part series he clarifies some general questions about financial planning and the financial planning process.
There are many individuals and companies in the financial services industry to choose from based on your specific needs. There are large firms in addition to wire house firms.
Determining who the “best” is challenging and you should be sure to interview a couple to determine a good fit. Do they work with others like you? Are they experienced in working with similar issues as yours? Are you comfortable with their costs?
Ultimately a financial planning relationship is a personal relationship. Regardless of what firm you choose to work with, it is critical that you feel a high degree of confidence in trust with the INDIVIDUALS that you will be working with to accomplish your objectives.
Timothy Wyman, CFP®, JD is the Managing Partner and Financial Planner at Center for Financial Planning, Inc. and is a frequent contributor to national media including appearances on Good Morning America Weekend Edition and WDIV Channel 4 News and published articles including Forbes and The Wall Street Journal. A leader in his profession, Tim served on the National Board of Directors for the 28,000 member Financial Planning Association™ (FPA®), trained and mentored hundreds of CFP® practitioners and is a frequent speaker to organizations and businesses on various financial planning topics.
Any opinions are those of Center for Financial Planning, Inc., and not necessarily those of RJFS or Raymond James. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Clients should evaluate if an asset-based fee is appropriate in servicing their needs. A list of additional considerations, as well as the fee schedule, is available in the firm’s Form ADV Part II as well as in the client agreement.