In this third video in our series of commonly asked questions we receive, William M. Coxe Jr., Private Client Advisor, discusses the importance of goals in the Financial Planning process. He touches on the wide spectrum of goals and objectives for different individuals: from creating a budget to buying a private island.

A financial advisor will work in tandem with the client to take those long terms goals and incorporate them into an evolving financial plan. William also explains the importance of reaching those goals by applying reasonable assumptions about returns, inflation, and cost of living.

Listen in to learn more.

Greenwood Capital is an SEC registered investment advisory firm. This material has been prepared for information purposes only, and is not intended to provide, and should not be relied on solely for tax, legal or accounting advice. Captions are automatically generated. Please excuse any errors or inconsistencies.

Related Posts

What is Tax-Loss Harvesting?
What is Tax-Loss Harvesting?

The leaves are changing colors and the evenings are cooling off as we approach the end of the year. These last few months bring a unique opportunity for investors to decrease their tax burden by harvesting losses in investment accounts.What is Tax-Loss Harvesting?...

A Woman’s Journey Towards Financial Security
A Woman’s Journey Towards Financial Security

I grew up in a single parent household watching my mom struggle to put food on the table and keep a roof over the heads of her five children, all while working a minimum wage job. It left a lasting impression on me. One that, no doubt, has impacted my career decisions...

Who are Financial Advisors?
Who are Financial Advisors?

Types of Financial Advisors In this current series we have been sharing the traditional and modern approach to wealth management, and how those approaches are met through two different types of financial advisors: the financial planner and the wealth manager.  These...