Financial Planning Process
Undoubtedly, the most effective tool for your financial well-being is sound planning. A financial plan help individuals to live within means, identify financial goals and reach towards accumulating the exact savings needed for goal fulfilment.
Having a financial plan allows an individual a sense of financial security and control over hurdles that might be approaching ahead. A Financial planning process helps you to chart out a road map for achieving complete goals and objectives.
The following are steps that can be used when developing an ongoing financial plan.
- Gathering Client Information
- Establishing Goals & Objectives
- Analyzing Financial Situation
- Developing & Presenting Financial Plan
- Implementing Plan
- Monitoring & Reviewing Financial Plan
