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Grossman Financial Management
Independent Financial Planning & Asset Management Service * Fee-Only
What is Personal Financial Planning?
Personal financial planning is the process of formulating, implementing, and monitoring financial decisions in order for an individual or family to achieve their financial goals. Facilitating this process is the primary mission of Grossman Financial Management.
Personal financial planning involves the management of personal financial resources, opportunities and risks through a careful and ongoing planning process.
The financial planning process helps clients to effectively manage their finances in many ways:
It formulates a realistic plan of action.
It determines what financial resources are required and available.
It identifies risk exposures and prepares for such contingencies.
It enhances the client's control of their financial destiny.
It facilitates better strategic decisions.
It provides an ongoing process of planning, feedback, evaluation, and course correction.
It emphasizes measurable goals and expectations that provide real guideposts for financial action.
It makes it more likely that goals will be achieved.
The personal financial planning process guides clients to realistic and attainable goals. In so doing, it plays a critical role in avoiding behavior that may be counter to a client's real needs.
The planning process generally follows these steps:
Development of the mission and specific goals, such as for retirement, education, risk management, investments, and estate planning.
Collection of the relevant information, financial and otherwise.
Analysis of the data and the goals to determine feasible courses of action.
Selection of the most appropriate strategies.
Specifying detailed implementation targets and action items.
Monitoring and measuring the implementation.
Modifying actions and targets as needed over time.
In the final
analysis, financial success is in the eyes of the beholder. At Grossman
Financial Management, we believe that personal financial planning advances
significantly the probability that clients will be financially successful in
their own eyes by realistically establishing financial goals and then prudently
managing financial matters to those ends.
Grossman
Financial
Management
Tel: (707)
E-mail: info@grossmanfinancial.com
DISCLAIMER: The Company only transacts business in states where
it is properly registered, or excluded or exempted from registration
requirements. Past performance may not
be indicative of future results.
Therefore, no current or prospective client should assume that the
future performance of any specific investment, investment strategy (including
the investments and/or investment strategies recommended and/or purchased by
adviser), or product made reference to directly or indirectly on this Website,
or indirectly via link to any unaffiliated third-party Website, will be
profitable or equal to corresponding indicated performance levels. Different types of investment involve varying
degrees of risk, and there can be no assurance that any specific investment
will either be suitable or profitable for a client’s investment portfolio. No client or prospective client should assume
that any information presented and/or made available on this Website serves as
the receipt of, or a substitute for, personalized individual advice from the
adviser or any other investment professional.
Historical performance results for investment indexes and/or categories
generally do not reflect the deduction of transaction and/or custodial charges
or the deduction of an investment-management fee, the incurrence of which would
have [the] effect of decreasing historical performance results. This web-site is for informational purposes
only, and does not constitute a complete description of our investment services
or performance. This web-site is in no way a solicitation or offer to sell
securities or investment advisory services, except in the state of