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What Is Financial Planning?

Financial Planning is a Personal Process

It involves figuring out what you need to do today to have the money you need to enjoy the kind of tomorrow you’ve always envisioned. At SouthTrust Advisors we view financial planning as managing your wealth to support your life.

We take you through five, time-tested steps to arrive at a reliable road map for getting you to where you want to go in life and retirement.

Step 1 – Discovery

Financial planning begins with clarifying and prioritizing your life goals.

Step 2 – Assessment

At this stage, we determine exactly what needs to be done to accomplish your goals. We’ll also make sure you are clear about your risks and opportunities.

Step 3 – Evaluation

Together, we will evaluate your options and choose a suitable path forward. At the end of this step, you’ll know how to use your wealth to achieve your most important goals.

Step 4 – Implementation

Here’s where we set your plan in motion and make your vision come to life.

Step 5 – Monitoring & Adjustment

Financial planning is not something you do once. When your life changes, your plan might need to as well. That’s why we continually monitor and regularly adjust our tactics to help you work toward achieving your financial objectives.

Contact SouthTrust Advisors today to schedule your discovery appointment.