You should expect the following from your financial planner: 1. A clearly written plan, in language you can understand, containing a balance sheet of assets vs. liabilities; 2. An outline of goals with advantages and disadvantages of any course of action; 3. Options and alternatives for all investments as well as the risk estimated in each investment objective; 4. Specific suggestions for improving your personal cash flow; 5. Projections for shifts in the rate of interest, inflation, and other situations that will affect your future; 6. A plan for liquidity in the event of emergencies; and 7. A schedule for reviewing your financial progress. In most states, financial planners are not regulated. Potential investors may wish to check with the Texas State Securities office at 806-762-8010 and also with the Texas Department of Insurance at 1-800-252-3439. As anyone can say he or she is a financial planner, you need to be cautious and check out the person's credentials. Also be on guard for 'financial planners' who are no more than salespeople for a particular type of product, such as stock or insurance.