Who is an ideal client for financial planning?
An ideal client for financial planning is someone who cares about his financial future, and is willing to be open and forthright about his financial affairs. He must also be willing to work with his accountant because of the trust he has developed in the accountant. These individuals realize the value that an accountant can bring to the table and therefore are willing to pay a fee. We prepare two types of financial plans, an “accumulation plan” and a “distribution plan.” An accumulation plan is one that is prepared for someone who is accumulating assets toward some future event, such as retirement, college planning, etc. A distribution plan is for someone who is reaching the phase of his life that he is concerned about conservation and distribution. This last type of plan is often referred to as an estate or retirement distribution plan.
