Financial planning involves creating a plan that accounts for assets, liabilities, current credit, budgeting, asset allocation, savings, investments, risk management, taxation, estate planning, retirement plans, and goals. It requires setting clear long-term goals and estimating future expenses and needs. A financial advisor can help collect information, create a solid plan, optimize investments, and make decisions to ensure financial stability over the long run. Financial advisors benefit those with substantial wealth from property, cash, and assets by helping secure their financial future.