With an MBA from Pepperdine University, Lisa Detanna serves as the managing director and senior vice president of investments at Raymond James in Beverly Hills, California. At the company, Lisa Detanna specializes in asset protection, wealth management, and financial planning.
Financial planning is the process of evaluating a person’s current and future financial state. Moreover, financial planning refers to the effective use of financial resources to achieve short-term and long-term goals.
Creating a financial plan helps people manage their income more effectively. They understand how much money to allocate toward expenses, savings, and investments. Financial planning also highlights spending patterns that people can change to increase cash flow.
An essential component of financial planning is financial security. Workers can determine the insurance coverage they need to replace lost income if they cannot work. An effective financial plan can also help investors choose investment vehicles that fit their situation, goals, and risk tolerance.
