Customized Financial Planning

Customized Financial Planning

A part from the specific investment strategy you might need, our process always begins with an extensive analysis of your current financial circumstances in light of your goals, concerns, priorities and risk profile. The resulting financial plan then forms the basis for all financial and investment decisions and establishes the key benchmarks for measuring your progress towards your goals.  

A comprehensive, fully-integrated financial plan provides the essential blueprint for allocating your resources effectively and efficiently through coordinated strategies that may include:

  • Investment Planning
  • Tax Planning
  • Retirement Income Planning
  • Estate Planning
  • Insurance Planning

The CFP™ Financial Planning Process

In performing our Financial Planning function, we utilize the CFP Board's Standards of Professional Conduct as a guide. We typically perform these functions over three meetings or as needed. Individual plans may be tailored differently.

The CFP™ Financial Planning Process, which can be found at, consists of the following six steps:

1. Establishing and Defining the Relationship with the Client

The financial planning practitioner and the client shall mutually define the scope of the engagement before any financial planning service is provided.

2. Gathering Client Data

The financial planning practitioner and the client shall mutually define the client's personal and financial goals, needs and priorities that are relevant to the scope of the engagement before any recommendation is made and/or implemented.

3. Analyzing and Evaluating the Client's Financial Status

A financial planning practitioner shall analyze the information to gain an understanding of the client's financial situation and then evaluate to what extent the client's goals, needs and priorities can be met by the client's resources and current course of action.

4. Develop and Presenting the Financial Planning Recommendation

The financial planning practitioner shall consider sufficient and relevant alternatives to the client's current course of action in an effort to reasonably meet the client's goals, needs and priorities.

5. Implementing the Financial Planning Recommendation(s)

The financial planning practitioner and the client shall mutually agree on the implementation responsibilities consistent with the scope of the engagement.

6. Defining Monitoring Responsibilities

The financial planning practitioner and client shall mutually define monitoring responsibilities.

“CFP Board’s Standards of Professional Conduct Copyright ©2010, Certified Financial Planner Board of Standards, Inc.  All rights reserved.  Used with permission.” August 2010