The need for comprehensive financial planning, not just advice recently featured a post discussing the value of a comprehensive financial planning strategy, instead of just advice. The article by Lee Barney, discusses the full context of financial and life circumstances that should play a central role in financial planning.

Padden Financial Planning’s Sheila Padden offered her unique perspective on this subject as a Board Member for the Alliance of Comprehensive Planners (ACP), an organization of holistic fee-only financial planners:

“We have comprehensive relationships with our clients,” Padden says. “For instance, we are discussing with clients that run small businesses whether they should be applying for a Paycheck Protection Program [PPP] loan and whether they should file their 2019 tax returns now or wait until the July 15 extension. There is a value in doing comprehensive planning because no one area stands alone.”

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