In an ideal world, I would have the opportunity to prepare a comprehensive financial plan for each and every client. However the vast majority of clients approach financial planning, at least initially, from a modular perspective.
A modular financial plan refers to a financial planning engagement that focuses on a single, targeted financial need or issue in isolation such as
- Retirement planning;
- Educations planning;
- Risk management and insurance planning;
- Investment planning; or
- Estate planning.