Personal Financial Services: Step 2

 Gathering Data and Developing Goals

Your unique financial preferences, experiences, and goals are the foundation to the following five steps in the planning process and will be our central focus.  This step in the process, our data gathering meeting, helps clearly define your individual goals in order to lay a foundation for constructing your financial analysis. It also sets clearly identifiable objectives for what is expected from our financial planning relationship.  The client and planner together are responsible for establishing realistic goals and objectives. These goals and objectives should be quantified with details such as cash flow, saving ability, specific dollars needed, and time horizon to goal completion.

We find that in general clients will have a multitude of goals that they wish to achieve through the financial planning process, such as retirement planning, education planning, buying a home, starting a business, smart tax planning, estate planning, etc.  These should all be covered in detail in this meeting.

The Data Gathering step allows both the planner and client to fully understand the clients current situation and sets the precedence for achievement of future goals.

Click here for a list of documents to bring to the Data Gathering Meeting....

Financial Planning Process