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Free Sample Financial Plans - and - Financial Planner Training - for - Financial Planners, Investment Managers, and also FYI for DIY Investors |
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Download the free detailed 30-page tutorial and training directions for presenting sample financial plans to clients and prospects |
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These Free Financial Plan Samples are for: • Financial planners to show their prospects and clients samples of what they can do for them (using our financial planning software). • Financial planners to learn and practice what to say when presenting reports in actual plan presentation and implementation (closing) meetings. • Money managers to learn and practice what to say when showing prospects what they would do with their money if they were hired. • Investors that want to see the kinds of things their financial advisors could and should be doing for them. • Investors that want to see what they can do themselves using our software. • Us to show results of our personal finance software to potential customers. • Us to show consumers, investors, financial planners, and investment managers what we can do for them as a consultant. Marketing Blurb Being able to present a financial plan example is one of the primary keys to survival as a financial planner or money manager. If you're a financial planner considering using financial planning software, then having a solid system that presents reports to prospects and clients in an efficient and logical fashion will help make up your mind. Once you see how everything fits together, you'll be convinced our system is a superior methodology that you can work with, gives clients' everything they want and need, and makes everyone more money - all for the least amount of work, time, money, risk, and grief. This financial plan software is both modular and integrated. This means you don't need to work with and present everything shown in the sample financial plans - you can pick and choose only the parts you want. Then if you want to use the fully-integrated planner, that has most of the modules hard-wired together, you can do that too. So you can have the best of both worlds here. Download Free Sample Financial Plan PDF Files You can download the free sample financial plans via six PDF files, and/or all of demos of the individual modules. There's less than half of the reports available on the PDFs, but they're easier to print than the demos. Both methods allow you to see a sample integrated (and almost comprehensive) financial plan for individual financial planning and investment management clients. Either way you do it, the numbered section dividers are not here, because you buy them from an office supply store. Once you have the files, just print, and assemble the sample financial plan whichever way you want. The PDF files print in the correct order automatically, so they flow with the directions. With the sample plan assembled and the directions in hand, you can practice how and what to say to prospects as you show them what they'd get if they hired you. It also guides what to say to clients that have bought plans, and you're now explaining it to them for closing sales, before they take it home and start reading. Explaining it well when it's first presented will greatly reduce their confusion, and thus the million questions later. To download a free sample plan, it's best to right click on a link below, then choose "Save (Target) As..." to save to your hard drive. Find then open. Here's the Integrated Sample Financial Plan created using the Fully-integrated financial planner software. It shows an average financial plan, without a lot of bells and whistles. There's no investment / asset allocation report because there's a limitation on the number of pages that can be on one PDF. The investment planning module can be viewed via its demo. The following five PDFs are sample plans made from the stand-alone modules (which can be easily integrated together), showing many more features. They're only huge to show off things that you may be interested in. It's also because all of their bells and whistles are discussed in detail on the module program pages, and they print better than the Excel demos. The most-common question is, "Do I really have to print and/or use all of this?" The answer is no. It's a modular system, so you'd only use the parts you want to. For example, here's a simple financial plan in PDF. PDF #1 (free_sample_plan.pdf): From the beginning up to the end of the text that explains the net worth reports (41 pages). PDF #2 (free_sample_plan1.pdf): Current and proposed retirement reports (80 pages). PDF #3 (free_sample_plan2.pdf): From the asset allocation reports to the rental real estate reports (51 pages). PDF #4 (free_sample_plan3.pdf): From the life insurance needs reports, to the college funding reports, miscellaneous plan fluff, then the end (26 pages). The Following is for Assembling a Sample Financial Plan via the Individual Module Demos If you print a demo spreadsheet from your browser, or just click Print in Excel, it probably won't work well. It's impossible to format spreadsheets to print perfectly on everyone's printer, because they're all different. But once you tinker with row and column sizes to make it print right and then save, it will retain these settings so when you print again, it will print perfectly without retinkering. Here's a free financial plan checklist from NAPFA Free Sample Financial Plan Parts and Demo Modules • Confidential Report - Financial Plan Cover Page. Table of Contents Divider • Financial plan table of contents. • Personal financial plan introduction and disclaimer. • Explanation of the level of financial services offered, depending on the amount of assets under management. • A summary of discovery interview notes, objectives, and concerns. • Cost benefit ratio: Current vs. Proposed net worth compared as a ratio to fees paid. This feature is only shown on the integrated example financial plan PDF, and the far left sheet of the integrated financial planner software. Section Divider: Family Budgeting and Cash Flow Forecasting • Family budget and cash flow projection reports explanation. • Program page for making family budgeting and personal cash flow projecting reports. The demo is here. Section Divider: Personal Net Worth • Net worth reports explanation. • Program page for making a snapshot, and long-term projections, of net worth. The demo is here. Section Divider: Retirement Planning Projections • Text that explains the retirement planning reports in detail. • Retirement planner program page. The current demo here has informational text boxes to point out features. The proposed retirement plan demo here doesn't have text boxes, so you can see what it really looks like. Changes from current to proposed retirement plans are listed here. The "professional version" of the retirement software is here, but doesn't match the sample plans. Section Divider: Investment Portfolio Management • Text that explains the asset allocation process and the investment reports. • Text explaining the Asset Allocation Models. • Custom-made Investment Policy Statement program page (there's no sample here because there's no demo freebie, sorry). • A table with your investment performance historical track record (if you have one). You can edit and print just the table of returns on the asset allocation model page or the asset allocation primer page. • Asset Allocation Analysis. Learn all about asset allocation and read summaries of the three asset allocation software programs: #1: The main comprehensive asset allocation software for creating detailed reports for high-net worth clients is here. The demo is here. #2: Asset allocation models for managing smaller portfolios. The very limited demo is here (showing historical returns and yields for all 57 model portfolios). There's no free demo to show off the models other than this. #3: A "quick and dirty" way of creating very basic asset allocations is with this investment software. The demo is here. • Morningstar fund detail reports (or whatever you're used to using) on all of the investments held now, and what's being proposed. • Prospecti and latest quarterly reports for all of the mutual funds being recommended, if you're working in the commission-based world. • Program page for making bond portfolio management reports. The demo is here. • Program page for doing all of the little jobs needed in a financial plan. The demo is here. • If they have rental real estate, and are curious to see how it's doing, then this investment software will analyze it. The demo is here. • If you want to get into comparing the 27 most popular ways to invest money, then here's the program page for that. The demo is here. Section Divider: Risk Management and Insurance Planning • Program page for the family life insurance needs analysis (AKA capital needs analysis). The demo is here. • If you're comparing a whole life insurance policy with buying term and investing the difference, the only program that will accurately analyze it is here. The demo is here. • Type up a one-page report discussing your evaluation of their property and casualty insurance. If you don't, and you hold yourself out as a "comprehensive financial planner," and they end up not having enough coverage for a claim, you will get sued. So it's always best to write up a blurb, and if there's even a hint of an actual need, then say, "You should buy more personal property, and/or liability, and then always a multi-million dollar umbrella policy." Section Divider: College Planning • If you're forecasting children's college funding, then here's the college planner program page. The demo is here. Section Divider: Tax and Estate Planning • Estate planning document organizer. • Use whatever you usually do for tax and estate planning. This is why we try not to say our suite of financial plan software is "comprehensive." To be truly comprehensive, a financial plan needs to have both a detailed tax analysis and an estate planning analysis. We don't bother with either of these two markets because it's even more oversaturated than this one. We don't do anything in estate planning because it's the lawyer's world full of trusts and expensive legal problems, all of the uncertainty, confusion, differing opinions, constant updating, that software market has been saturated for years and has faded because of the low demand due to the lower tax rates (estate planning is basically a dead industry now that the exemptions are so high). For generating plans used in estate planning presentations, Leimberg's Number Cruncher has been the industry leader since the 80's. They have the most accurate numbers, is well maintained, is inexpensive, and their reports print and fit nicely (and integrate well) into financial plans made with modular personal finance software. TurboTax is still the most popular tax software, so you can just print those reports and use them in your sample plan. You can also integrate the bottom-line annual values manually into our cash flow projector for maximum accuracy. Then they'll flow through the rest of the plan. Most financial plans don't have a detailed tax analysis, because the chances of tax laws and rates being the same even five years out are slim to none, and Slim left town. So whatever you present will be totally wrong and not even close 99% of the time. Just getting in the ballpark via average / effective tax rates is sufficient for financial planning, so that's the extent of our tax planning software. You'll never get sued if it's obvious that you're totally guessing what future taxes will be by using something as inaccurate as just forecasting using an average global rate on everything. Trying to nail down taxes to any degree of accuracy is a waste of resources, because people of means hire actual accountants for that. All using code-driven financial software that makes a resource-sucking fuss over trying to predict taxes decades out is going to do is expose you to more future-predicting liability. So it's best to focus on financial planning and investment management, and not trying to do the tedious work of an actual CPA (unless you are one too, of course). Things haven't evolved hardly at all in these two worlds, because everything is built around basic financial and legal concepts that rarely change. The only things that really change are tax laws and numbers. Things like investing, college funding, life insurance needs, and retirement planning have been essentially the same since they first came out. So estate planning and taxes are 99% about keeping up with constant changes in numbers. We just don't want to be bogged down with having to maintain an expensive employee just for all of that. If you don't know what's going on with these two parts of the financial planning process (taxes and estate planning), then the Financial Planning eBook helps explains it a little more - enough so you'll know it may not be worth going there at all, which is what we recommend (unless you're servicing "ultra-high-net worth clients" - which are $12M in assets or more). Section Divider: Plans of Action • Financial plan implementation checklist. Section Divider: Client Specific and Miscellaneous Fluff • How to better understand (old Pershing) investment portfolio account statements. Whatever custodians are doing these days to provide help to clients in this area should be part of the plan. This is because we've never seen a client that can make the least bit of sense out of any of them. • The last issue of your investment newsletter, which you send to your clients monthly as part of normal ongoing marketing and referral generation. • A simple financial planning referral getting tool that works. • Some financial planners like to put a copy of the Financial Planning Fact Finders, and other paperwork, like contractual agreements, here too. This is just telling clients things they already told you, so we usually don't do that. • Putting your new prospect marketing binder fluff here never hurts too. This is an example of where you'd put stuff inside the pages of the pages that are in the page protectors (discussed below). Then you can easily segue into giving them out to take home when the Dog and Pony Show is over. • Whatever generic fluff you're used to using goes well at the end of the plan. Sample Financial Plan Assembly Buy what's called a thick expensive three-ring "feely-good binder." This is a large report binder, with a cushy-feel and rich-looking cover. Ensure it has at least one place on the front inside cover to put your business cards. It also needs to have plastic quarter-to-half-page spacers in the front and back to keep pages from binding. It's worth spending the extra money if they have custom engraving services, so you can put your firm's name on it in big impressive gold letters. Proper use of the best binder you can buy for your example financial plan will pay for itself a thousand times over. Buy the best three-hole paper puncher. You'll be doing a lot of it, and the cheap ones wear out and like to ruin your best work at the worst time. Then buy the best Avery section dividers. These are just thick paper inserts that have section numbers on them (like Contents, 1, 2, etc.). Use them to match your Table of Contents, via the Avery template function in MS Word to print the names and section numbers of each section of the reports. Buy the heaviest-weight and most expensive WHITE paper you can find. Then get the best page protectors. Cheap ones will cloud up and look bad over time. These are the transparent plastic page-sized three-hole-punched pockets that you put paper in, so you can see through. They keep the pages clean, you can write on them with an erasable marker pens, and then clean it off later. They also serve as a great place to insert copies of pages that you want to take out and give to prospects on the spot, so you won't have to take pages out of the actual example financial plan. If you don't do that, then what's going to happen is you'll forget to print new pages, and then the next time you use it, you'll be missing pages, and this will make you look bad. This problem is compounded if there's more than one planner using the sample plan in your office. The best thing to do if there's more than one planner using it, is just to make more than one sample plan. This is because planners are going to take it out of the office when they make house calls. Then when the big prospect you've been hounding for years finally comes in to hear your Dog and Pony Show, there will be no sample plan. We've seen every combination of this possible when it comes to sample plans! Once you "get with the program" your marketing life will revolve around the sample plan, and you'll be tinkering with it constantly. Planners have almost come to blows over the scheduling of conference rooms and who gets to use the fresh sample plan. Still on page protectors: Put every page in a protector so when you turn the page, it reads as if it was just paper (so you'd put two pages in each page protector, front and back). This is going to take up a lot of room, which is why you want a big thick feely-good binder. You wouldn't use protectors for a real client's financial plan, but your sample financial plan will get used a lot more and will have to endure lots of abuse if you have any kind of financial planning marketing going on. If so, then each planner would be using it almost daily. Then when prospects come into your office and want to see what you can do for them, you just walk them through the sample financial plans, using your own words based on the sample "scripts" in the directions. Once you have all of this down, you'll be doubling your closing ratios in no time. It's best to use the planner software you have and input your own sample data to make your own sample plan. The reason is that everyone does things differently, so you be able to explain it without fumbling better if you made it from scratch yourself. Using ours, you're going to get questions you can't answer off of the top of your head, so that won't work. The samples on the site are just generic examples for the initial purchase evaluation, and are not intended for use as your sample plan for showing your prospects and clients. Conclusion and the Rest of the Marketing Blurb Take a good look at what you've been using (break out the best actual financial plan you've done in the last year for a paying client), and then compare it with our sample integrated financial plan. Then put yourself in the position of the client and ask which system you'd rather have, which makes more sense, which is more understandable, which most resembles real life, which provides the most value, which forecasts futures in the most Real World manner, which system will set you up for the least risk and trouble, and last but not least, which system provides the least investment risk with the best long-term portfolio returns. We think the answers to ALL of these important issues are in our favor, no contest. Basically, if there were ways to make things better, it would have been done already. If you don't have a sample plan to compare to, then there ya go. You can try searching the web, but you won't find much, and you definitely won't find anything better. There's much more valuable content like this in the directions and in the Money eBook. |
Personal Finance Software Modules For Sale (are listed below) Fully-Integrated Financial Planning Software Menu of Retirement Planning Software Asset Allocation Overview with Historical Portfolio Performance Asset Allocation Models with Investment Track Record Monthly Updated Mutual Fund Picks TVM Financial Tools and Free Financial Calculators Financial Planning Fact Finders Investment Policy Statement Software Investment Software for Comparing 27 of the Most Common Investment Strategies Marketing Seminar for Financial Planners Our Unique Financial Services Fee-only Hourly Consulting on Anything You're Willing to Pay For Using Custom Investment Benchmark Portfolios to Compare Performance Coaching for Financial Planners Pay Listings for Buying or Selling an Investment Management or Financial Planning Practice Personalized Optimizations for 401k / 403b and Similar Retirement Plans |