Setting Financial Goals # Financial planner informs client on proper financial goals.
# Set out goals relevant to the interest of the client.
Gathering Relevant Data # The planner leads the client through the process.
# Collect financial information needed to generate a proper financial
proposal.
# Use the Financial Wizard to enhance the data gathering process.
Analysis Of Data # The data will tell the financial situation of the client.
# Relate the current situation to the financial goals.
# Prioritize the financial goals according to current ability and available
resources.
Recommendation Of Financial Plan # The planner sets out and develops a set of recommendations to help
the client achieve financial goals.
# Once the client selects the most suitable and agreeable idea, funding
will be explored to help implement the financial plan.
Implementation Of Financial Plan # The planner will help the client to take action through the most
appropriate financial tools.
# The client must be motivated to be responsible in going ahead with
the plan.
Monitoring Of Financial Plan # The financial plan must be constantly reviewed.
# From time to time, comparisons must be made between the plan
objectives and the original financial goals.
# The objectives and the actual performance of the plan might differ
over time, thus the planner and client must work hand in hand
to ensure that the financial goals are achieved as planned.
