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    What Is Financial Planning?: Fpwuk

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    rania
    This document discusses financial planning and Financial Planning Week. It defines financial planning as an ongoing process to help people make sensible decisions about money to achieve their goals. Financial Planning Week, hosted by the CISI, aims to raise awareness of the importance of financial planning for everyone. It provides tips on getting started with financial planning, such as establishing goals and gathering financial data. Key questions to consider and when seeking financial advice are also outlined.

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    What Is Financial Planning?: Fpwuk

    Uploaded by

    rania
    13 views13 pages
    This document discusses financial planning and Financial Planning Week. It defines financial planning as an ongoing process to help people make sensible decisions about money to achieve their goals. Financial Planning Week, hosted by the CISI, aims to raise awareness of the importance of financial planning for everyone. It provides tips on getting started with financial planning, such as establishing goals and gathering financial data. Key questions to consider and when seeking financial advice are also outlined.

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    Financial Planning

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    Financial Planning

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    This document discusses financial planning and Financial Planning Week. It defines financial planning as an ongoing process to help people make sensible decisions about money to achieve their goals. Financial Planning Week, hosted by the CISI, aims to raise awareness of the importance of financial planning for everyone. It provides tips on getting started with financial planning, such as establishing goals and gathering financial data. Key questions to consider and when seeking financial advice are also outlined.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    13 views13 pages

    What Is Financial Planning?: Fpwuk

    Uploaded by

    rania
    This document discusses financial planning and Financial Planning Week. It defines financial planning as an ongoing process to help people make sensible decisions about money to achieve their goals. Financial Planning Week, hosted by the CISI, aims to raise awareness of the importance of financial planning for everyone. It provides tips on getting started with financial planning, such as establishing goals and gathering financial data. Key questions to consider and when seeking financial advice are also outlined.

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    What is Financial

    Planning?

    #FPWUK
    What is Financial Planning Week?
    A week, hosted by the CISI, dedicated to
    improving the nation’s financial fitness.

    This campaign aims to raise awareness of


    how important financial planning is to your
    life. It's not just for people who have never
    thought about their finances, it’s for
    everyone, whatever your situation
    “It doesn’t take much to get financially organised. You owe it to
    yourself to get started on the right track in life. Getting expert
    advice with the right sign-posting from an expert will save you
    hours of your time and relieve the weight off your shoulders.
    There’s a bank of qualified advisers prepared to help you and
    avoid the ‘Big Mistake’. What are you waiting for? ”

    Craig Palfrey CFPTM Chartered MCSI, Penguin


    Wealth
    Let’s do financial planning

    • What is financial planning?

    • How does it differ from financial advice?

    • What to do when seeking advice


    What is financial planning?
    Financial Planning is an ongoing
    process to help you make
    sensible decisions about money
    that can help you achieve
    your goals in life
    It’s a six step process…
    1.
    Establish
    your goals
    6. Monitor
    and 2. Gather
    regularly data
    review

    2. Evaluate
    5.
    your
    Implement
    current
    your plan
    position
    4. Develop
    a plan
    Plan your finances for the future you want

    • What are your goals in life, in short, medium and


    long term?

    • Can you prioritise them?

    • What is the likely cost of those goals and when you


    need the money?
    Let’s do some financial planning….

    1. What is important to you financially?


    • Short, longer term

    2. Do you know how much you spend every


    month?
    Questions to think about..
    1. If you knew you had 5 years to live
    what would you do differently
    today?
    2. If you knew had 12 months to live
    what would you do differently
    today?
    3. If you had less than 12 months to
    live…?
    10 questions to ask when seeking
    financial advice
    1. What are your qualifications?
    2. What experience do you have?
    3. What services do you offer?
    4. What is your approach to financial planning?
    5. Will you be the only person working with me?
    6. How will I pay for your services?
    7. How much do you typically charge?
    8. How are you regulated?
    9. How often do you review my situation?
    10. Can I have it in writing?
    It’s your future, your financial plan

    cisi.org/wayfinder
    Next steps… View tips, resources and guides at
    cisi.org/wayfinder

    Join in the conversation


    #FPWUK @WayfinderCISI

    @CISIWayfinder

    @the_cisi

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