Dear Investor,

The process of personal financial planning involves formulating, implementing, and monitoring financial decisions. It is a six-step process.

  1. Establishing and defining the client/advisor relationship.
    1. Identify your goals and objectives
  2. Gather data
    1. Assets, debts, income, and current strategy
  3. Analyze and evaluate your status
    1. Establish alternative options to achieve your financial goals including time frames
  4. Develop and present your financial plan
  5. Implement recommendations
  6. Monitor progress and reevaluating the plan as needed

A independent fee-only (fiduciary) financial advisor can provide an objective perspective on your current situation or a decision you are going to take. Sometimes in excitement we focus on just the positive potential outcomes of our decision without acknowledging the potential pitfalls and likelihood of failure.



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