Financial planning is the process of meeting your life’s goals through the proper management of your finances. Your life’s goals may include buying a home, saving for your children’s education and planning for retirement

Financial planning can help you plan and manage your financial situation so you can build wealth, enjoy life and attain financial security. A sound financial plan can help you:

• accumulate wealth
• protect yourself and your assets
• get the most out of your super
• enjoy the lifestyle you want in retirement, and
• plan your estate so your loved ones are looked after.

A financial planner sets out to understand each client's different needs and financial objectives and to recommend an appropriate financial strategy. There is an established six step financial planning process which all professional advisers follow with every new client:

• Gather financial information about the client.
• Identify financial and lifestyle goals.
• Identify any financial issues.
• Prepare a financial plan.
• Implement the plan.
• Review and revise the plan at regular intervals, or when circumstances change.