Financial planning in a nutshell

You may have noticed that Azzad is regularly named to top rankings of financial advisors, lists like the CNBC FA 100 and the Financial Advisor Magazine RIA Ranking. They are an important recognition of our work on behalf of clients. More important than that, however, is the peace of mind and confidence our clients experience when they work with us. As a wealth management firm, we pride ourselves on taking the time to understand the unique needs of each client and crafting responsible, appropriate financial solutions. The way we do that is through the financial planning process. We’ve gotten some questions about it, so here’s a walk-through of our five-step program: Your 5-Step Financial Plan Just starting out? Use this checklist to help you review cash flow, tax, and other issues. 1) Identify goals: We start with listening and learning what is important to you and identifying and prioritizing your financial goals. At what age would you like to retire? Do you want to buy a home? 2) Collect financial data: We gather and organize your financial information such as assets, income, and expenses. Figuring out your net worth (assets minus liabilities) get incorporated into your plan. 3) Put it all together: We