Think of a financial plan as the blueprint for identifying, pursuing and achieving your goals.
The blueprint may be a written, broad-based document plan that encompasses your personal list of goals and objectives .It may be more specific and focused on a particular objective such as retirement. It may encompass all of your assets or may highlight a specific portfolio. Whatever its focus, the plan is unique to you.
In its Standards of Professional Conduct, the CFP Board defines financial planning as “the process of determining whether and how an individual can meet life goals through the proper management of financial resources.” There are six steps in financial planning process.