Financial Planning Philosophy and Process
The common approach to financial planning
Many people tend to approach investing by choosing a stock that was recommended by a friend, investing in a 401(k) or by purchasing a mutual fund selected as a “top pick” by a financial publication. Unfortunately, this approach may lead to an assortment of unrelated financial products, which may not work well together or help you reach your goals
My approach to financial planning
After a comprehensive analysis of your goals, priorities and resources, your personalized strategy is developed. The result is a portfolio of products that has the potential to start you on your way to achieving financial security and success.
Planning Process:
Discovery
- Assess your current financial situation
- Identify your priorities and concerns
Profile
- Gather Information and establish priorities
- Analyze your data
Strategy
- Present results of analysis
- Discuss priorities and future steps
Implementation
- Review your specific recommendations
- Select suitable products and services
- Develop implementation schedule for products and services
Review
- Regular reviews of your comprehensive financial plan with regard to performance, goals and current financial position
- Implement necessary changes or enhancements according to new assessments