The Financial Planning Process

Creating and implementing a comprehensive financial plan generally involves the following;

  • Develop a clear picture of your current financial situation by reviewing your income, assets, and liabilities, and evaluating your insurance coverage, your investment portfolio, your tax exposure, and your estate plan.
  • Establish and prioritize financial goals and time frames for achieving these goals.
  • Implement strategies that address your current financial weaknesses and built on your financial strengths.
  • Choose specific products and services that are tailored to pursue your financial objectives.
  • Monitor your plan, making adjustments as your goals, time frames, or circumstances change.