What is your financial planning process?

The generally accepted 7-step financial planning process is as follows:

Step 1: Learn the client’s background information and financial circumstances.

Step 2: Identify client’s specific financial planning goals and objectives.

Step 3: Analyze the data that has been gathered in relation to the goals and objectives

Step 4: Develop a written plan and recommendations

Step 5: Present the plan

Step 6: Implementation

Step 7: Ongoing monitoring

Our one-time fee-only planning reviews encompass steps 1-5.  Clients may elect to engage us over time to cover steps 6 & 7 under a separate agreement if they choose.  See also - Client Services.