Establish
Financial
Goals
|
Encourage
client to express concerns, hopes, and goals. Help client to
restate goals that are specific and quantifiable.
|
Gather
Relevant
Data
|
Gather
all relevant client information, both objective and subjective,
through questionnaires, counseling, and
examination of documents.
|
Analyze
Data
|
Identify
the strengths and the weaknesses in the client’s present
financial condition as they affect the ability to achieve the
client’s goals. Revise goals if necessary.
|
Develop
Plan
|
Design
a set of recommended strategies tailored to the client’s
circumstances and goals, including alternative ways of achieving
those goals. Draw on outside experts as needed.
|
Implement
Plan
|
Motivate
and help the client in acquiring all of the necessary financial
products and services to put the plan into action. Draw on outside
experts as needed.
|
Monitor
Plan
|
Evaluate
the performance of all implementation vehicles.
Review changes in the client’s circumstances and the financial
environment. Revisit the steps when necessary.
|
