Many individuals call themselves financial planners, but are they really one? What exactly is financial planning, and what steps should be covered in any financial planning engagement? This module discusses the six-step process, including what should be occurring in each of the steps. Why is both quantitative and qualitative data important? Goal setting is extremely important when developing a financial plan. How should goals be established, and what are the three requirements of any well-written goal? Finally, any profession needs a moral compass that is codified in a code of ethics. What are some of the regulatory and ethical issues facing financial planners today?

Author: Jim Pasztor, MS, CFP®

Jim Pasztor, vice president of Academic Affairs at the College for Financial Planning is also involved with several of the College‚Äôs investment courses and the white paper series. He is a CFPM® practitioner, and has an MS degree in personal financial planning and an MSF degree in financial analysis, both from the College for Financial Planning. Jim was the recipient of the Edward D. Baker III Journal Award from IMCA in 2014 for his article Endogenous Risk and Dangers to Market Stability. You can reach Jim at

Complexity Level: Overview