Educational Consumer Tips

Financial Planning

Author: Better Business Bureau

The following comments provide general information for consumers, and do not necessarily reflect the practices or record of any particular company.

Your should expect the following from your financial planner: a clearly written plan containing a balance sheet of assets vs. liabilities, an outline of goals with advantages and disadvantages of any course of action, options and alternatives for all investments as well as any risks, specific suggestions for improving your personl cash flow, and a plan for liquidity in the event of emergencies. The BBB suggests that you carefully check out the financial planner's credentials before proceeding with your plan. The Bureau has a brochure available upon request entitled "Financial Planners".