The Process of Financial Planning

The Process of Financial Planning: Developing a Financial Plan, Second Edition, builds on four cornerstones: the profession, fundamental tools, the systematic financial planning process, and the plan as a product of financial planning. This edition of the text integrates these cornerstones into a sound educational approach that has been refined to meet the needs of students learning both the process of financial planning and the tasks associated with writing and communicating a plan to clients.

The authors, Ruth H. Lytton, PhD, John E. Grable, PhD, CFP®, and Derek D. Klock, MBA, have organized the text around four main objectives:
» Basing the financial planning process on foundational concepts central to everyday professional practice:
» The ethical, legal, and regulatory environment
» Planner-client communication
» Planner-client decision making
» Offering an in-depth and multidisciplinary explanation of the systematic process of financial planning
» Integrating the systematic process of financial planning with CFP Board of Standards, Inc., Standards of Professional Conduct
» Providing the background and explanation of the components of a model financial plan, whether comprehensive or modular, to document and guide the process for both advisor and client

In addition, The Process of Financial Planning, Second Edition, includes:
» Increased focus on CFP Board’s Practice Standards, Code of Ethics, and Rules of Conduct
» Increased focus on the regulatory environment, including a historical review of key legislation that shapes the delivery of financial planning services
» Additional coverage of the “how’s” and “why’s” of writing and communicating a plan to clients
» Revised Sample Financial Plan section—Education Planning— based on the series of vignettes that bring to life the planning process as told by Tom and Nyla and their planner, Jane
» Real-world examples and discussions, including fillable forms for use with other cases
» Expanded teaching and learning aids to help students focus on and retain key information
» And much more!