Have an Advisor but no Financial Plan?

"I've had an advisor for five years, but I've never had a financial plan."...

I've heard some version of this from dozens of prospective clients recently.

They have investments. They have someone they can call with questions. They generally like their advisor. Yet they have no idea:

• Whether they're on track for retirement
• If they're saving enough for their goals

It all feels ad hoc and incomplete because the relationship is almost entirely reactive. When a question comes up, they ask. The advisor answers.

There's nothing inherently wrong with that model, and some people are perfectly happy with it. But it's very different from comprehensive financial planning.

That's why I require we start with a comprehensive financial plan, even if someone is ready to have me manage their investments today. (Plus, I want to make sure we enjoy working with each other!)

Once we know where you stand, where you're headed, and what gaps need attention, ongoing advice becomes much more valuable. We're no longer just reacting to whatever comes up. We're monitoring progress, making adjustments, and staying ahead of potential problems.

Not everyone wants that level of planning, and that's okay.

But if you're not sure where you stand financially, that's a gap worth addressing.

Linda Rogers, CFP®, EA, MSBAis the owner and founder of Planning Within Reach, LLC (PWR). Originally from New Jersey, Linda services clients throughout Virginia Beach and nationwide. She leads the design of PWR's investment portfolios which utilize broad, low-cost investments that integrate environmentally, socially, and governance (ESG) factors.

Planning Within Reach, LLC (PWR) is a fee-only and fiduciary wealth management firm offering one-time comprehensive financial planning and ongoing impact-focused investment management in Virginia Beach and nationwide. PWR is a woman-owned firm that specializes in busy professionals and impact investors. Planning Within Reach, LLC and their advisors do not receive commissions and do not hold any insurance licenses or brokerage relationships.