Establishing and defining a professional relationship
Firstly, we will clearly explain or document the services to be provided to you and define both our and your responsibilities. Further we will discuss and agree on how long the professional relationship will last and on how decisions will be made.
Gathering client data and determining goals and expectations
Then we will ask for information about your financial situation. We will mutually define your personal and financial goals, understand your time frame for results and discuss, if relevant, how you feel about risk.
Analysing and evaluating your financial status
Next the information provided by you will be analysed to assess your current situation and determine what you must do to meet your goals.
Developing and presenting planning alternatives
In this step we will offer financial planning alternatives that address your goals, based on the information you provide. We will go over the recommendations with you to help you understand them so that you can make informed decisions.
Implementing the financial planning recommendations
It’s important that we agree on how the recommendations will be carried out. We may carry out the recommendations or serve as your "coach," co-ordinating the whole process.
Monitoring the financial planning recommendations
We also need to agree on who will monitor the progress. If we are in charge, we will report to you periodically to review your situation and adjust accordingly.