The financial planning process
The financial planning process is meeting your life’s goals through the proper management of your finances. Life’s goals can include buying a home, saving for your children’s education and planning for retirement. When developing a financial plan for you, professional Financial Advisers use a six-step process:
The process involves gathering relevant financial information, setting life goals, examining your current financial status and preparing a strategy or plan for how you can meet your goals given your current situation and future plans.
You can expect your Financial Adviser to follow 6 key steps:
| Step One | Gathering the Data |
| Step Two | Identifying Your Goals |
| Step Three | Identifying Financial Issues |
| Step Four | Preparing Your Financial Plan |
| Step Five | Implementing Your Financial Plan |
| Step Six | Reviewing Your Financial Plan |