Steps in the Planning Process


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
  • Listening to what is important and concerns you most financially
  • Discuss and establish goals

Gather client data, including goals and expectations

The more detailed information we can obtain, the more customized and accurate your personal financial plan can be. We conduct a holistic audit of your current estate, investment and business owner situation (if applicable). Based on this information, we develop a comprehensive financial model of your current situation, including cash flow, tax reduction strategies and estate distribution.

We continue the process by:

  • Gathering appropriate financial data, objectives and risk tolerances
  • Review statements of currently held investments and insurances either personal or business related if you own a company 

Process and analyze information to determine retirement savings need

We analyze information gathered to identify gaps and opportunities between your current financial planning and your objectives. This helps us determine to what level you are meeting your financial goals with your current strategy.

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 plan

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 is one of the most important in our process because it is where the financial planning takes shape.

This stage includes:

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

Implement the financial plan recommendations

We present the specific recommendations that will help meet 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 and recommending specific financial products necessary to implement the financial plan
  • Assisting you in implementing the financial plan
  • Coordinating with your other advisors, or recommending ones that would be beneficial to your plan

Review the financial plan recommendations

Many factors can impact the viability of your financial plan in the future - a life event, unexpected expenses or income, a change in taxes, etc. We meet with you to check the status of the 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