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Comprehensive Financial Planning

Complex financial situations call for a comprehensive plan. Our advisors help clients control their finances no matter how complicated.


When someone has a comprehensive financial plan, they can understand the steps they need to take as they pursue their financial goals. Why people need to be aware of the many aspects of financial planning and how a professional advisor can assist have been broken down below.

What Is Comprehensive Financial Planning?

Comprehensive financial planning is when a detailed plan of someone’s finances is laid out. This can help them take control of their situation and pursue their short and long-term goals. This plan can be done on their own or with a financial advisor. However, this is something that every person is encouraged to do.


The Kelley Financial Group has years of experience in guiding businesses and individuals through complex financial matters.

What Are the Different Parts of a Comprehensive Financial Plan?

A financial plan can be created for any area of someone’s finances, but a comprehensive plan will touch on every aspect of a person’s finances. That is why a few different aspects need to be looked at.

Cash Flow Statements and Balance Sheets

The client’s financial statements will need to be looked at so the financial advisor can begin making the foundations of the financial plan. When someone has a net worth statement, also referred to as a balance sheet, it can show what a person’s assets and liabilities are. Knowing your net worth statement can be a good way to see the progress of your saving, investing, and debt progression. Also, this sheet will show if they have enough money for emergencies or unexpected expenses.

Debt Management

A debt management plan is also made for a comprehensive financial plan. When a financial plan has been made, it can include a guide to help pay off all these debts. There are many ways to tackle debt, but these options can be discussed with a financial advisor. Also, they will consider the most realistic option that suits the person the most.

Insurance Planning

Everyone discusses their different insurance options, but few include them in a financial plan. This is often considered as it can drastically change the amount of money going into the different types of insurance. Some of the few policies that every person may need are:


  • Health insurance: This is used for the person and their family to help cover any medical expenses. 

  • Auto insurance: Any damages that may happen to a person’s car can be covered. 

  • Homeowners’ or renters’ insurance: To protect someone’s home and belongings, they can take out this insurance. Also, some of them can cover any liabilities if someone is injured inside the home. 

  • Disability insurance: If a person becomes disabled, this will cover their income. 

Life insurance: When a family member dies unexpectedly, this can help the family meet their needs.

Retirement Planning

Planning for retirement should always be taken seriously because people need to ensure they have enough money for when they finish working. Since the cost of living is continuously rising, more people in retirement are struggling to make ends meet. However, a comprehensive financial plan will help the person know how much money they need to invest into their IRA for retirement. 


Additionally, there are many different retirement accounts that people can choose from. A team member from The Kelley Financial Group will be able to help clients pick the right account for them and their retirement goals.

Investment Planning

Another part of a comprehensive financial plan is the investment planning side. Investing can be a vehicle for people to prepare for their retirement.

College Planning

People with children may need to add college expenses into their financial planning. College expenses have skyrocketed over the past 20 years, which means people will need to save even more money for their children. Luckily, there are accounts that people can put money into for their children’s future.

Tax Management

Every year, people across the country have multiple taxes they need to pay. However, the right comprehensive financial plan can help people to address their tax burden. These strategies will be added to their plan by their financial advisor.

Estate Planning

Avoiding estate planning won’t make it any easier for the family if something were to happen. Instead, a comprehensive financial plan can help people plan what they want to happen to their assets after they die and how they will ensure their loved ones are taken care of.


Some think that they do not need to complete this step because they don’t think they have many assets. However, this is false because if their loved ones need to go to probate court to receive the assets, then things may not be settled the way the person wanted them to be.

Financial Goals

Even though every comprehensive financial plan already has many financial goals, every person may have their own goals. This could mean that they are saving up to purchase a house, and this financial goal can be added to the plan. However, it is essential that the client is specific with their goals because this will help with creating the right financial plan for them.


A comprehensive financial plan is ideal for every person because it can help them with preparing for the future. However, it can be challenging to create this plan alone, which is why many people call The Kelley Financial Group. The advisors are ready to help people with their financial needs because they understand that it can make a big difference to someone’s future. 


They are professional, knowledgeable, and experienced, which helps clients when creating their comprehensive financial plan. Also, if the client hopes to save a certain amount of money for their retirement, house, college, or anything else, then the team can help them pursue those personal goals. Anyone who has any questions should call (412) 528-1920. 


This material was prepared for The Kelley Financial Group’s use. 


The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. 


The Kelley Financial Group and LPL Financial do not offer tax or legal advice or services. We suggest that you discuss your specific situation with a qualified tax or legal advisor. 


This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance agent.

Building Your Financial Future

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