Tuesday, June 25th, 2024

The Six Step Planning Process

FP Canada defines financial planning as:
The process of creating strategies, considering all aspects of a client’s financial situation, to manage one’s financial affairs to meet life goals.” 

  •  spend a couple of hours with you gathering data, setting goals and identifying obstacles
  • prepare a comprehensive, customized and written financial plan
  • take the time to help you understand the components of the plan so you feel comfortable with it
  • help you implement the plan
  • provide periodic reviews of the plan to help you understand its progression over the years.

The process is one we hold dear and try to apply to every client situation.  Look at the financial planning checklist if you have not already done so.  Hundreds of prospective clients have come through our doors. Not one has scored 12 before we helped them build a plan.

 Advocis, the Financial Advisors Association of Canada, identifies six steps in the implementation of a complete financial plan.  Whereas there are many thousands of financial advisors from many different institutions, fewer actually use the six step process to: