The Financial Planning Process

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The Certified Financial Planner Board of Standards Recommends A Six Step Process For Providing Financial Planning Advice To Clients:

1. Establishing and defining the client-planner relationship.

2. Gathering client data including goals.

3. Analyzing and evaluating the client’s financial status.

4. Developing and presenting financial planning recommendations and / or alternatives.

5. Implementing the financial planning recommendations.

6. Monitoring the financial planning recommendations.

The Financial Discovery Planning Process

The initial meeting will determine if we can provide the services required to meet your financial planning needs. We will discuss the financial planning process and our Fee Only method of compensation.

At this meeting we will clarify your information and then begin the analysis of your current situation.

At this meeting we will review with you your goals and objectives, your financial balance sheet, cash flow projections, retirement assumptions, your tax situation, current insurance coverage, the status of existing estate plans and any other related issues.  

At this point in the planning process the planner will begin to provide you with recommendations and alternatives that once implemented will result in the achievement of your goals and objectives. 

The completed plan will be delivered to you for your review. We will then a schedule a meeting with you to review all of the recommendations found within the plan document.

At this meeting the planner will review the financial plan and discuss how you should proceed with the implementation of the plan recommendations.  The plan's goals, objectives and strategies must be monitored and adjusted as the situations of your life change.  

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