Most businesses use a set of financial statements to determine how they are performing. But why don’t individuals and families do the same to find out their financial position? Our financial planning offerings will determine where you are in the present and where you’re heading in the future.
Budgets
While most people want to be financially independent, few people stick to their budgets and even fewer have even created a budget. Budgets should be tailor-made to the individual, which is exactly our approach at Parfitt Consulting.
- Determine your net worth! We’ll map out everything you own and owe to create a starting point for your financial plan.
- Create a personal income statement to show where your income is being spent on a monthly basis.
- Project your income statement and net worth into future years. Are you on track to eventually retire?
- Make recommendations how to improve your current and future financial situations.
Asset Allocation
Your retirement and investment portfolios will have a major impact on your financial picture. A proper asset allocation is necessary to match your overall goals and level of risk tolerance. This will allow you to focus on your everyday life and sleep well at night knowing you have a plan in place.
Life Events
Financial Planning is more than bank accounts and investments. At Parfitt Consulting, we take a holistic approach to your financial picture and take into account potential situations. Some of the areas we’ll examine:
- Life Insurance
- Disability Insurance
- Trust & estates
- Wills
- Emergency funds
- Health Insurance
- HSA/FSA accounts