The financial planning process

The world over, financials planners use a six – steps process that helps them see the ‘big picture’ and determine where the person stands financially. Using these six steps, one can work out where he is now, what he may need in the future and what he must do to reach his goals. The process involves gathering relevant financial information, setting life goals, examining the current financial status and coming up with a strategy or plan for meeting the goals given the current situation and future plan. Establishing and defining the client-planner relationship. The financial planner and the client Continue reading

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