This is your Green Grosser, helping you gross more green today. Now we are going to discuss the importance of the financial planning process. A good financial plan consists of 4 parts: planning for college education for children, asset allocation, retirement planning, and estate planning. In addition a good financial plan may cover all aspects of your financial life including your insurances. Financial planning is one of the arrows in the quiver of full service brokerage firms. Some firms specialize only in financial planning and maybe designated as Certified Financial Planners (CFP). It is not necessary to separate the financial planning process from the investment process as long as your financial planner is not limited in his investment choices to only what is suggested in the financial plan. Your financial planner should offer you a broad spectrum of investments so no conflict between the financial planning process and investment process exists. From, this is your Green Grosser with your tip to help you gross green today.