Financial Planning Services
Financial Advisory and Planning Tailored To You
At Manna Wealth Management we believe that proper planning increases the chances you’ll live the life you want, and as your life changes, so should your plan.
Since 1962 we’ve provided planning services in Virginia and the greater Washington, D.C. metro area that focus on our clients’ goals and entire financial life.
- Do I have enough saved?
- Will I be able to live the life I imagined?
- Do I feel confident about what’s ahead?
Start on the road toward your financial future. Contact us for a complimentary initial consultation. We’ll get to know you and your goals and based on that input, will create an initial plan that will serve as a map for your financial future.
Your Tailored Plan
Your tailored plan will help to:
- Reflect your financial goals, timing and priorities.
- Evaluate your current financial situation in relationship to your goals.
- Provide a consolidated picture of all your financial assets.
- Align your feelings toward risk.
- Include investment recommendations, downside risk strategies, insurance coverage, and savings plans.
FINANCIAL PLANNING FAQ’s
What is financial planning?
Why should I make a financial plan?
Who is a financial planner?
Can I do my own financial planning?
- You need expertise you don’t possess in certain areas of your finances. For example, a planner can help you evaluate the level of risk in your investment portfolio and revise your asset allocation;
- You don’t feel you have the time to spare to do your own financial planning;
- You know that you need to improve your current financial situation but don’t know where to start;
- You feel that a professional advisor could help you improve on how you are currently managing your finances;
- You have an immediate need or unexpected life event such as an inheritance or major illness;
- You want to get a professional opinion about the financial plan you developed for yourself.
What should I look for in a financial planner?
How can I plan for tomorrow when I can hardly pay for today?
How much should I be saving?
What if I don't achieve my goals?
Why do I have to provide so much personal information?
What type of information do I have to provide?
What should a financial plan include?
Why is there an evaluation of my insurance needs?
What about taxes?
After a plan is developed, what’s next?
How often should I update the plan?
Do I have to meet my financial planner?
Is a financial advisor the same as a financial planner?
- A financial planner is a professional who helps companies and individuals create a program to meet long-term financial goals.
- Financial advisor is a broader term for those who helps manage your money including investments and other accounts.
- Given the proliferation of the financial industry today, many planners and advisors may actually do the same thing – so do your homework before hiring somebody to guide you.
When is it a good idea to hire a financial advisor?
- You feel “lost” in planning for your financial future and you need a roadmap.
- You just don’t want to deal. When it comes to money, you’re not the DIY type, and you just want a professional to take care of it.
- You like managing your money, but realize that your financial plan would benefit from an impartial and unemotional third-party opinion.
We all of us will fall into one of these three categories…at least eventually.
What does a financial advisor cost?
Often pricing is assessed on a sliding scale. So the more assets you have under management, the lower your percentage will be.
Financial advisors can add value in more ways than higher returns. For instance, a financial advisor may use tax minimization strategies to reduce your tax bill, Estate Planning Strategies to avoid Probate, Sale or Acquisition advisory on a Business, to Portfolio Hedging using Alternative Investments, and Real Estate Cash Flow strategies to further differentiate your portfolio. Perhaps the biggest benefit of working with a financial advisor is making sure you work with a Financial Advisor that fits your future not your Present.
You have to dress for the job you want, not the job you have, ~ Austin Kleon
You want to grow into a relationship where as you mature and have more complexities in life your Financial Advisor can readily handle all those aspects that may come up.
The biggest question when evaluating a financial advisor is if they’re giving you greater confidence and clarity that you’ll meet your financial goals.