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Overview of the Financial
Planning Process
Financial planning is a dynamic process. The Certified Financial Planner Board of Standards, Inc., a nonprofit professional regulatory organization, describes six steps in the process.*
- Establishing and defining the client-planner relationship
- Gathering client data, including goals
- Analyzing and evaluating your financial status
- Developing and presenting financial planning recommendations or alternatives
- Implementing the financing planning recommendations
- Monitoring the financial planning recommendations
To begin the process of developing your financial plan, click here.
*Source "What You Should Know About Financial Planning," Copyright © 1998-2006, Certified Financial Planner Board of Standards, Inc. All rights reserved. Used with permission. If you want to read more about each of these six steps, click here.
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