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What is Financial Planning?

financial plan is a fluid plan built on an in-depth look at your current financial situation in combination with your personal goals, designed to give you a blueprint to help you live your best life and pursue your goals. We believe you should expect your financial plan to:

  • Accurately reflect your personal financial situation
  • Address the issues most important to you
  • Become a "blueprint" for your future
  • Be flexible and adaptable
  • Be something you can implement

The process of building a financial plan with us is unique because we emphasize collaboration between you and your advisor. The process typically takes between 2 weeks and 2 months and is spread out over 3 appointments.

  1. The objective for the first appointment is purely listening and data gathering - your advisor can listen to your goals and concerns, learn about your current lifestyle, and can gather all of the necessary documents and data to help build a plan. 

    During this meeting you will also be given access to your personal Waddell & Reed Wealth Management Site and given an overview of how to use it. Click here to see a video preview of the tool.

  2. During your second appointment you can expect a "brainstorming session" where you and your advisor will discuss different strategies available to you, as well as pros and cons of each, in addition to exploring any new ideas that come up along the way; in more complex plans there may be more than one "brainstorming session" in order to find what strategy/ies may work for your specific situation.
     
  3. In the final appointment we work through implementation - whether than be opening new accounts, consolidating existing accounts, accompanying you to a meeting with your estate planning attorney, etc. We want you to be able to count on our support and guidance every step of the way.


Waddell & Reed, Inc. offers financial planning services in its capacity as a registered investment adviser. Consult your financial advisor for a breakdown of the fees associated with these services.  Investing involves risk, including the potential for loss of principal. Waddell & Reed does not offer tax or legal advice.  06/18