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Preparing to Meet with a Financial Planner

Meeting with a financial planner is a great way to get a better handle on your assets and investments. It is an appointment you will want to prepare for well in advance. The more prepared you are, the better the information and advice you will receive as your finances are reviewed.

Compile a List

Start by getting a general idea of where your finances are. Print off copies of your statements and take those with you. It's also a good idea to prepare a summary spreadsheet that shows your complete financial picture.

Identify Your "Achilles Heel"

The best way to "heal" a hole in your financial strategy is to identify weaknesses within your portfolio and assets. Your weaknesses may include spending patterns, saving patterns, money management, etc. By helping your financial planner identify your weaknesses, you will save yourself lots of time and plenty of money.

Identify Your Goals

Do you want to retire in 5 years? Are you planning to purchase a vacation home? Are you starting a new business? Give your financial planner a heads up on where you want to go. This information is invaluable and can help identify the best strategies for managing your money, so you can achieve your goals.

Be Prepared to be Patient

A good financial planner will take the time to carefully review your full portfolio, make suggestions shore up weaknesses in your financial habits, and recommend strategies that can help you reach your goals. This takes time, and it's not something you want to rush. Remember, when it comes to managing your money, slow and steady is the best way to get started.

Be Open to Change

One of the most dangerous phrases in life is "We've always done it this way." While there are some habits that can be very good, such as saving, cutting unnecessary spending, and maximizing employer contributions to retirement accounts, there are other habits that aren't so good. For instance, spending more than you earn, saving too little, or not reviewing your statements on regular basis. When you meet with your financial planner, always be open to change.

The team at Litzler, Segner, Shaw & McKenney, LLP can help you achieve the financial goals you are reaching for. We invite you to contact us at 214-752-0999 to schedule a meeting with a financial planner who can review your finances and make recommendations tailored to your needs.