Financial Planning has been defined as "the careful and orderly analysis of the family, financial and business affairs of a property owner, while he lives, and the adoption and carrying out of an individual plan for the use of his property and earnings according to his wishes, both during his life and after his death."
While financial planning may seem complicated to some, it need not remain a mystery when presented in a simplified concise manner.
Our company and its staffs are dedicated to a precise study of your present situation, a presentation of facts and recommendations that should be implemented beginning now in order of their priority. Each year it is our practice to review your financial goals and objectives with you and to continually update your program commensurate with changing situations.
We sincerely look forward to the development of a growing client / advisor relationship, which will help you and your family achieve their most important goals and objectives.
The fundamental steps in financial plannings are:
1. Identifying - The process of financial planning begins with identifying your goals & objectives. We suggest that these be defined annually. We will work with you over the ensuing months to help you obtain these goals.
After identifying your personal goals & objectives, the financial planning process continues with following steps:
2. Data Accumulation - We accumulate financial data including your personal balance sheet, incom & expense statements, tax return, wills & trusts documents, and anything pertaining to your financial programs.
3. Preparing reports - We prepare financial reports for all of these data. You may assist us in preparing reports by logging in and aggregating your financial statement to your profile. Please follow aggregation report instruction in your file folder entitled website.
4. Analysis & recommandation - We analyze your reports in light of your stated goals & objectives and make specific recommandations.
5. Implementation & Follow-up - We periodically review your progress toward your objectives and redirect your financial plans as necessary.
Michael J. Porro & Company, LLC.
180 Old Tappan Rd. Bldg 5
Old Tappan, NJ 07675
Tel: 201.768.0218
Fax: 201.768.6467
Email: mikep@porrofinancial.com