The Financial Planning Process

Review the Plan

Gather Client Information

Implement

Step 3

Step 4

Prepare Written Recommendation

Consider different strategies and options that will enable you to meet your identified goals. These will be presented as written recommendations.

What are the steps?

Present Advice and Client Agreement

Present the written recommendations and explain how these fit your needs. Your financial adviser will also explain any risks and costs associated with the recommended strategy.

Collect detailed personal information from you relating to your current financial situation.

Step 1

Review your plan periodcally to make sure your situation or needs have not significantly changed.

Step 6

Help you to identify your future goals and sensitivity to different levels of risk. This includes your investment risk as well as your need for risk protection insurance.

Step 2

What should your financial adviser do?

Step 7

Issue Disclosure Statement

Step 5

Conduct Needs Analysis