When the financial Freedom Path was established, it did not pursue its peers ‘ route – a transaction-oriented business style focused solely on “sale” investments. Instead, we stress the importance of offering advice to specific customers, recognizing their needs and concerns, and designing personalized financial strategies.
Today, financial advisors from The Freedom Path Financial continue to follow this approach, encouraging our clients to concentrate on long-term investing and diversified portfolio growth. Our mission was – and still is – to help people prepare for their lives.
Remaining mindful of our clients ‘ shifting needs, we keep a watchful eye on the dynamic financial environment of today. We offer a broad range of investment options to help meet the changing needs of our clients. Furthermore, Freedom Path Financial is a pioneer in offering fee-based alternatives to conventional commissions.
Yet for all its creativity, the founding principle of Freedom Path Financial remains unchanged. Therefore, we are committed to offering full financial planning services and personalized, professional assistance to clients. To put it simply, we believe that our focus is people and their financial well-being … and that we are committed to the success of our clients.
Financial Planning Tips
Be SMART in planning your financial Goals
Success is most likely if our goals are
Specific: What do I want to achieve? What is required of me and what are my constraints?
Measurable: How much money is needed? How will I know if I am Succeeding?
Attainable: How can I do this? Is this consistent with my other financial goals?
Realistic: Am I Willing and able to do this?
Timely: What is my target date? What short-term goals must be achieved along the way to achieve my long-term goals?
Financial Planning is a Process
Despite conversations about compensation and business model preferences, financial planning can be defined conceptually as a process that accomplishes both of the following
Financial planning can be personal, for a family or corporation. The two guiding principles of ascertaining goals and developing a strategy to tackle those goals remain constant. Along the road to helping a client meet goals, a financial planner might engage in a variety of skills and tasks. Those skills and tasks are topics that fall under the umbrella of planning. While they vary from client-to-client financial planning topics are generally considered.
Whether a single financial problem is being addressed or a comprehensive financial plan is being developed, the financial planning process has eight distinct steps. This process for helping clients achieve their financial goals can be applied to the full range of client goals on a comprehensive basis. This process can also be applied on a narrower basis to only a subset of those goals or even to only a single financial goal of a client. The eight planning domains are outlined as follows.
Our goals can only be reached through a vehicle of a plan in which we must fervently believe, and upon which we must vigorously act.
we specialize in helping you ensure that you protect those closest to you in the event of your death or incapacity, leave a legacy for your community, and make sure that your assets are transferred to your loved ones in accordance with the Islamic Inheritance Law of the Quran and the Sunnah. Our Islamic estate planning professionals can specifically assist you in answering the following questions:
Everyone must have a plan for the estate, Specifically, Muslims living in the United States and they need one today. Procrastination too often leads to families struggling more than they need after a loved one has died.
If you have no estate plan, your property will be disposed of by the legal system after you pass.
Without the correct estate plan in place, your family can face a lengthy and costly court process as well as tax consequences. Therefore, your properties are highly unlikely to be treated according to your wishes.
Avoiding the default process by putting in place a custom estate plan. By setting up a personalized estate plan. Whatever the size of your estate or the complexity of your situation, you want an experienced expert in Estate Planning to be at your side. Walkthrough all the tough and relevant decisions and enable you to meet your family and legacy goals.
We need to understand your personal, family, and financial situation so that our attorneys can draft your custom will or estate plan. When you schedule your free consultation, you will receive our estate planning questionnaire. You will need to complete this questionnaire to the best of your ability and bring it with you to the consultation. This will allow us to give you more custom-made advice about what type of estate plan is best for you.
We will draft your will or estate plan. Throughout this phase, we will stay in close contact with you. Once we complete your estate plan in conjunction with our resident Islamic scholar, all you need to do is execute your custom will or estate plan.