Step By Step Guide For Financial Planning Services
You should not stop here
1.Discovery Session
A meeting where both prospect and financial planner build rapport and discuss key concerns, goals, and expectations to ensure mutual understanding
Issuance of a formal agreement outlining the scope, terms, and responsibilities for the financial planning engagement.
The prospect agrees to proceed by signing the Letter of Engagement, solidifying the partnership.
2.Letter of Engagement (LOE)
3.Sign Off LOE
The client makes payment as specified in the Letter of Engagement to confirm their commitment to the engagement
4.Fees Payment
5.Engagement Starts
The financial planner begins delivering agreed services, addressing the client's financial goals and concerns.
7.Analysis and Report Preparation
Presenting the proposed solutions and recommendations to the client for feedback
Gathering crucial financial information from the client to understand their current situation and needs comprehensively.
6.Fact Findings
8.Report Presentation
Evaluating concerns and crafting tailored solutions to address the client's financial goals and challenges.
10.Annual Review
Executing the agreed-upon solutions to achieve the client's financial objectives effectively.
9.Implementation Plan
Reviewing the progress annually to ensure goals are on track and making necessary adjustments as needed.