4203 Montrose Blvd., 5th Floor
Houston, TX 77006


(713) 561 - 8100


(713) 621 - 5327

Financial Planning Explained

Financial planning is often misunderstood. The goal is to integrate tax, insurance, and investment planning into a comprehensive plan that helps individuals and businesses strategically maximize their assets to reach their financial goals.

Personal financial planning coordinates:

  • Budgeting
  • Debt reduction
  • Tax management
  • Risk management
  • Retirement income planning
  • Education funding
  • Investments & asset allocation
  • Estate planning

Financial Planning Fundamentals

A comprehensive financial plan evaluates your financial decisions in three distinct stages:

Financial Foundation

A solid financial foundation should be established prior to initiating a wealth accumulation strategy that assumes risk, and therefore should be considered first. Your financial foundation includes:

  • Cash Management – Analysis of budgeting, debt management and tax management to improve cash flow, create more discretionary income and reduce or defer income tax liability.
  • Risk Management – Evaluation of insurance and asset protection to reduce exposure to a devastating financial loss from a catastrophic event such as a premature death, disability or lawsuit.
  • Liquidity – Help ensure an adequate cash reserve for emergencies and opportunities.

Accumulation of Wealth

Creating an appropriate allocation model and efficient portfolio management are primary focus in the wealth accumulation stage. Goals typically planned for in this stage include:

  • Retirement Income Planning
  • Education Funding
  • Wealth Creation

Preservation of Capital

To help prevent erosion of your wealth through estate taxation and liability exposure, it is important to preserve your capital with wills, trusts and tax reduction strategies.


The Financial Planning Process

  1. Set Financial Goals – Most people do not spend much time setting concrete financial goals because the issues are complex. So, the first thing we do is to help you to think through all of the financial issues and to crystallize your goals.
  2. Collect Financial Data – We gather information about your current financial position and the strategies that you are using to reach your goals. Accurate and complete data is essential so you will be asked to provide documentation for your financial accounts, retirement plans, stock options, assets, liabilities, monthly income and expenses.
  3. Evaluate and Recommend – Upon thorough evaluation of your current situation and financial goals, we make recommendations for improvement.


Note: Always consult a qualified tax and/or legal advisor regarding your individual circumstances.

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck