I heard financial planning is complicated: what's involved?

The Financial Planning Process is not complicated but it requires a good deal of commitment and thoroughness. The process follows these six steps to help you plan for your goals:

  1. Establishing and defining the client-planner relationship.
  2. Gathering client data, including goals.
  3. Analyzing and evaluating your financial status.
  4. Developing and presenting financial planning recommendations and/or alternatives.
  5. Implementing the financial planning recommendations.
  6. Monitoring the financial planning recommendations.