What is financial planning?
Financial planning is investigating and deciding on the best way to make your money work for you. This is done by working out what you want to achieve, how you might achieve it and understanding any problems you might encounter along the way.
To assist you with this, a professional financial adviser may offer advice on investments, estate planning, retirement planning, taxation and risk management and use a six-step process to help you work out what you may need to do now and in the future to reach your financial goals.
Source: A Career in Financial Planning: Your Questions Answered - Financial Planning Association of Australia