Any financial plan should begin with a thorough evaluation of your current personal and financial status. The evaluation should include setting and prioritizing goals, creating a budget and determining the value or real and personal property/assets. Assets and liabilities will provide the information to calculate your net worth. Generally, the advisor will utilize a form.
Accurate financial planning is critical to wealth management During this process, an advisor will assist you in identifying your risk tolerance. Risk tolerance measures your comfort level when considering investments and growth options. A financial analysis will establish the guidelines for risk management that will keep short and long term goals on track.
The following questions demonstrate the types of information required to access your financial situation:
What is the time frame I am willing to keep my funds invested to achieve my investment objectives?
What current income do I need to obtain from my investments?
What future cash needs am I likely to have?
Are there any tax or legal issues that I need to consider for the portfolio's holdings?
Am I a conservative investor or an aggressive one?
How much volatility am I willing to accept in my portfolio to try to earn a higher return?
A financial questionaire(requires acrobat reader to view ) is the perfect tool to collect the appropriate information. Your financial advisor or representative will use this information to identify the best investment and insurance options products to meet your financial objectives. and instruments etermine the appropriate asset mix and identify the right mutual funds, stocks, bonds and money market funds.
Generally, a good place to focus is on employer sponsored retirement plans.
The material presented on our web site may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting or tax advice, you may wish to consult a competent attorney, tax advisor, or accountant.
CHRISTCO INVESTMENTS & ASSOCIATES P. O. BOX 218056 | HOUSTON, TX 77218-8056 Local Phone 281) 493-4089 Toll Free 866-863-4835 Fax (281) 493-9838
Local Address 3523 Hornbeam Drive
Houston, TX 77082
This web site may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting or tax advice. You may wish to consult a competent attorney, tax advisor, or accountant.
FINANCIAL PLANNING
