Personal Financial Planning Step

1. Periodic review of the financial plan to evaluate changing market conditions (i.e. economic conditions, taxes, interest rates etc.)

• Data Gathering

• Financial Plan Recommendation

• Plan Monitoring

• Objective Setting

Quantifying monetary objectives with definite time frames. Prioritizing objectives.

• Data Analysis

• Objective Setting

• Plan Monitoring

• Financial Plan Recommendation

Using surveys, questionnaires and interviews to gather quantitative and qualitative information from the individual.

• Data Gathering

• Financial Plan Recommendation

• Plan Monitoring

• Objective Setting

Analysis of the individual’s financial position and cash flows. Review of legal papers. Evaluation of objectives vis-à-vis the client’s resources and economic conditions.

• Data Analysis

• Objective Setting

• Plan Monitoring

• Financial Plan Recommendation

Financial products will be proposed. At this point, the individual can comment on the solutions proposed.

• Data Gathering

• Financial Plan Recommendation

• Plan Monitoring

• Objective Setting