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. And 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

• Ascertaining the client’s financial goals and objectives
• Developing a plan for achieving the client’s goals and objectives.

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.

• General principles of Financial Planning- such as making a balance sheet, cash flow statement, or preparing time value of money equations.
• Retirement Planning- including accumulation or decumulation planning.
• Estate Planning- Covers building estate plan strategy and helping a client work through their future wishes.
• Tax Planning- Planning for efficient, compliant, and wise tax decisions.
• Investment Planning- Including assets allocation, risk tolerance and measurement, stock, bonds, mutual funds, and annuity discussions.
• Risk Management- A broad topic that spans insurance, from life to commercial property and everything in between.
• Education Planning- Higher education costs continue to soar, and strategies for helping families finance college have become increasingly complicated.
• Practice Professionally- Ethical and responsible financial planning requires understanding and adhering to ethical codes of conduct.

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.

1. Establishing and Defining the Client-Planner Relationship
2. Gathering Information Necessary to Fulfill the Engagement
3. Analyzing and Evaluating the Client’s Current Financial Status
4. Developing the Recommendation(s)
5. Communicating the Recommendations(s)
6. Implementing the Recommendations(s)
7. Monitoring the Recommendations(s)
8. Practicing within Professional and Regulatory Standards

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.

Planning: The Key to Financial Success

 We pass through various phases in life, each with specific financial requirements. For example, a young married couple’s financial needs are not similar to those of a retired couple. That is why long-term, continuous planning is important. There are usually three simple financial steps that the majority of people take in life. They comprised of:

Wealth accumulation Development of a strong, diversified financial base on which to grow over time. In this process, the allocation of money for a residence, investments, life insurance, and educational expenses are combined with tax planning techniques to ensure the successful use of current and potential income.

Wealth conservation The introduction and further diversification of a range of investment strategies intended to preserve and invest assets to help ensure sufficient funds for current living expenses and future retirement needs.

Wealth distribution Proper asset distribution to heirs. Good estate planning should ensure that assets are transferred orderly while reducing unnecessary tax burdens.

A financial strategy is often influenced by fluctuating economic conditions, taxation, and inheritance rules, alongside the uncertainties and shifting interests that arise over a lifetime. We have the experience to formulate a plan carefully with your situation in mind, enabling you to build a long-term financial strategy for your needs.

Financial planning is important for peace of mind and financial security. At Freedom Path Financial, we have the experience and knowledge to help you make the best decisions for your future. We will work with you to create a personalized plan that takes into account your unique goals and circumstances. Contact us today to schedule a free consultation.