Our Process

6 Stages of Financial Planning

Based on experience with our clients, we have developed a finely tuned process that will lead you through the following six stages of financial planning


Establish and define the client-advisor relationship

We begin by discussing how we can work together to develop and implement your financial plan. We need to understand your financial situation, but we also want to help you define your goals. We start the process by:

  • Discussing your situation
  • Establishing a fee
  • Securing basic documents


Gather client data, define goals and establish expectations

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


Process and analyze information to determine financial needs

We analyze information gathered from the financial condition model to identify gaps and opportunities between your current financial planning, objectives, and risk tolerance. This helps us determine how close you are to your financial goals with your current strategies. This stage focuses on:

  • 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
fee-based financial advisor


Develop and present financial planning recommendations and/or alternatives

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


Implement the financial plan recommendations

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:
  • Coordinating with your other advisors
  • Reviewing and recommending specific financial strategies necessary to implement the financial plan
  • Assisting you in implementing the financial plan


Review the financial plan recommendations

Many factors can impact the viability of your financial plan in the future – a life event, a change in your job or career, unexpected expenses or income, a change in taxes, etc. We meet with you to check the status of the financial plan by comparing actual results to initial assumptions to determine if adjustments need to be made. This final stage of the process centers around:

  • Analyzing ongoing issues
  • Making adjustments as your situation changes
  • Keeping your financial plan updated and current

To learn more about Insight Wealth Strategies, please call us at (800) 318-7848, email us at [email protected] or fill out the request information form below.

    Office Locations:

    Financial Planning in San Ramon, CA

    Financial Planning in San Ramon, CA

    Financial Planning in Houston, TX