Financial Planning Process

Question 1

Step 1:

Answer 1

Understanding the client’s personal and financial circumstances

Obtain Qual and Quan data.
Analyze Info
Address Incomplete Info

Question 2

Step 2:

Answer 2

Identify and Select Goals

Prioritize goals.

Question 3

Step 3:

Answer 3

Analyze Current Course of Action and Potential Alternative Courses

Current course maximizing potential to achieve goals?

Question 4

Step 4:

Answer 4

Develop the Financial Planning Recommendations

Question 5

Step 5:

Answer 5

Present the Financial Planning Recommendations.

Question 6

Step 6:

Answer 6

Implement the Plan

*Unless specifically excluded from scope of engagement

Question 7

Step 7:

Answer 7

Monitor Progress and Updates

Update financial data and goals.