Broker Check

Financial planning

As a CFP® Practitioner, we follow the CFP® Board of Standards prescribed steps when creating a financial plan or strategy for you.


  1. ESTABLISH A RELATIONSHIP WITH A CFP® PROFESSIONAL. We are required to explain our financial planning services and define each of our responsibilities. Along with compensation, we discuss how long the professional relationship can last and how to make decisions.
  2. GATHER YOUR DATA AND DEVELOP YOUR FINANCIAL GOALS. We gather any necessary documents and discuss your current financial situation. Together, we define your personal and financial goals, including time frames. We also discuss your comfort level when it comes to taking financial risks.
  3. ANALYZE AND EVALUATE YOUR FINANCIAL STATUS. We consider all aspects of your situation to determine what you need to do to meet your goals. Depending on what services you've asked for, we may analyze your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.
  4. REVIEW OUR RECOMMENDATIONS. We will go over our recommendations, explaining the rationale so you can make informed decisions. At this stage, share any concerns with us so any recommendations can be revised if necessary.
  5. SET YOUR COURSE. We need to agree on how the recommendations will be carried out. We may carry out the recommendations or serve as your coach, coordinating the process with you and other professionals, such as attorneys or stockbrokers.
  6. BENCHMARK YOUR PROGRESS AGAINST THE FINANCIAL GOALS YOU ESTABLISHED. As you work toward your goals, we work with you to decide who monitors your progress so you stay on track. If your planner is in charge, he or she will check in from time to time, reviewing your situation and making any necessary adjustments to his or her recommendations.