Personal Financial Services: Step 3

 The Initial Analysis

The purpose of this stage in the process is to diagnose the issues relevant to the clients financial goals and objectives, and begin developing a plan to help the client overcome obstacles and reach these goals.

The financial planner will review all of the information gathered, and may request from the client missing data needed to develop the financial plan.

The planner will then analyze the information to identify strengths and weaknesses in the client's total financial situation in achieving the stated goals. The planner will pinpoint areas that may need adjustment and immediate attention. Identifying existing or potential problems that can present obstacles to the client's financial planning objectives is an important part planning process. The planner considers and evaluates various options that may provide for the ability to achieve the goals of the client.

Financial Planning Process