Financial Life Planning: Moving to Q2 Inquiry

Diliberto, Roy; Anthony, Mitch
January 2003
Journal of Financial Planning;Jan2003, Vol. 16 Issue 1, p34
Academic Journal
This article illustrates how financial planners serve clients' interest when developing an estate plan. In the financial planning model, shown in Figure 1, it seek to help the client in the areas of asset management, risk management, debt management, tax planning, estate planning and distribution planning. Although each of these areas is critical to financial well-being, there is an underlying assumption inherent in the quantitative approach used to perform these functions. At the core of the financial planning process is the life of the unique human being for whom that process is being used. Financial life planning recognizes four arenas of that life need to be understood in order for the financial processes to be spot on and lead to fulfillment for both client and planner. These four cornerstones are the client's history, the client's present circumstances, the client's hopes and goals and the client's principles and values toward life and money. Historically, the financial planner's inquiry process, at the qualitative level, has been largely focused on the goals question. There are reasons why the inquires are indispensable to service the client's life needs. The financial planner recognizes that there are many questions that must be answered in order for the process to be a perfect fit.


Related Articles

  • Strengthening the Planner/Attorney Team. Opiela, Nancy // Journal of Financial Planning;Oct2004, Vol. 17 Issue 10, p44 

    This article discusses the value of a financial planner/attorney team in the management of a client's estate planning. Mistakes can be avoided if planner and attorney work together to identify, prioritize, and implement a client's estate planning objectives. Planners and attorneys increasingly...

  • Case Study: How to make the most of fixed protection. McAinsh, Darren // Money Marketing (Online Edition);1/16/2014, p67 

    The article presents a case study discussing how make the most of fixed protection in Great Britain. It is said that financial advisers should know the deadline for fixed protection 2014 as this can offer interesting planning opportunities for clients. The case refers to a 55-year-old single...

  • on the road.  // Financial Planning;Oct2006, Vol. 36 Issue 10, p30 

    The article presents a calendar of events related to financial planning. The Schwab Institutional's Impact 2006 Conference will be held on November 5-8 at the Washington convention Center. The DI & LTC Insurers' Forum is happening on October 6-8, 2006 in Orlando, Florida. The National...

  • Guarding the Fortress. DeFrancesco, Roccy // Financial Planning;Mar2005, Vol. 35 Issue 3, p102 

    Provides U.S. financial advisers with some options to protecting their wealthy client's marital home or personal residence from creditors. Factors to consider when devising a plan to protect a client's personal residence; Information on several real estate laws which could protect personal...

  • Flying Blind. Kautt, Glenn G. // Financial Planning;Mar2006, Vol. 36 Issue 3, p37 

    Examines the factors that should be consider in financial planning. Information on how financial advisers can reduces the odds of a financial planning crash; Explanation on the similarities between financial planning and flying; Details of the process called formal estate planning analysis.

  • This Thanksgiving, start making plans for the future. Rake, Steven P. // Indianapolis Business Journal;9/29/2008, Vol. 29 Issue 30, p22A 

    The article offers tips for parents and adult children on issues concerning financial planning in the U.S. It highlights the importance of estate planning for a person's wealth. It discusses how children and parents could open a conversation to meet basic living expenses, as well as considering...

  • MARKETING TO CONSUMERS: Attracting Your Ideal Client by Focusing on Topics of Interest. King, Rebeca // Journal of Financial Planning;Mar2010, Vol. 23 Issue 3, Special section p1 

    The article offers information on the marketing strategy for financial planners, which is focusing the topics of interest to attract the ideal clients. It mentions that the personal finance topics in which the consumers are interested in are usually retirement planning, budgeting and money...

  • The Efficacy of Life Planning Communication Tasks in Developing Successful Planner-Client Relationships. Anderson, Carol; Sharpe, Deanna L. // Journal of Financial Planning;Jun2008, Vol. 21 Issue 6, p66 

    • This article is an excerpt from Research: Communication Issues in Life Planning: Defining Key Factors in Developing Successful Planner-Client Relationships, a white paper recently published by FPA Press. The study is based on a survey of financial planners and their clients. • The...

  • WHY STOCK INVESTORS FREAK OUT. FINKE, MICHAEL // Research;Aug2013, Vol. 36 Issue 8, p32 

    The article presents a research revealing factors that create panic among clients during market downturns in the U.S. and further focuses on how investment advisors can limit the portfolio damage of clients. The research examines concepts such as investment risk, volatility, and loss aversion....


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics