Financial Planning Process
Phase 1
Set Goals and Expectations
- Discuss and establish personal and financial goals
- Analyze and evaluate current financial situation and assess time horizon and attitude towards investment risk
- Gather documentation
Phase 1
Develop a Financial Plan
- Create and review personalized financial plan with portfolio recommendations
- Discuss asset allocation and portfolio investment strategy
Phase 3
Implementation
- Determine an implementation schedule for financial planning goals and investment strategy
- Consolidate assets and phase-in investment plan
- Coordinate with accountants, attorney, and other professionals as needed
Phase 4
Review and Monitoring
- Determine an appropriate review schedule
- Recommend adjustments to the financial plan and invest portfolio when appropriate