6 Stages of financial
planning

The more detailed information we obtain, the more customized and accurate your personal financial plan can be. We conduct a comprehensive analysis of your current estate, investment, and business situation. Based on this information, we develop a comprehensive financial condition model of your current situation, including cash flow, tax reduction strategies, and estate distribution projects. Highlights of this stage include:

• Formalizing our working relationship
• Gathering appropriate financial data, objectives, and risk tolerances
• Discussing and establishing goals
• Discussing attitudes, views, and concerns

Based on your input and our analysis, we offer alternative strategies and identify solutions that are an appropriate fit for your personal situation, and most importantly, are consistent with your objectives. This stage – one of the most important in our process because it is where the financial planning takes shape – includes:

• Presenting a financial plan document
• Answering questions
• Establishing an action plan

We present the specific recommendations in alignment with your needs, and discuss the pros, cons, risks, and costs for each recommended alternative. This helps ensure that you will make an informed decision. Some aspects covered in this stage are:

• Reviewing your data and assessing your status relative to goals, objectives, and attitudes
• Analyzing and evaluating your current financial status
• Confirming and clarifying your data
• Preparing a preliminary financial plan
• Reviewing preliminary strategies, as needed, and refining recommendations