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What To Expect When Working With A Financial Planner

financial planner, wealth management, risk management

Congratulations on joining the countless other Americans who have chosen to take control of their financial destinies. We can all agree that in today’s economy it’s imperative to ensure financial security. You have settled on the ideal planner to start this journey with, but you might be curious as to what the next steps are.

Here Are Six Steps For Financial Planning Success:

Step 1: Establishing & Defining the Relationship

Think of this as the initial introduction. Our expert financial planners will explain and discuss the services that will be provided, the responsibilities of both the planner and client, and all the fees. The length of this term will be discussed as well.

Step 2: Gathering Client Data & Determining Goals

The planner will ask about your current financial situation and your goals will be assessed. All documents need to be brought in, such as your pay stubs, 401k, IRAs, and expenses.

Step 3: Analyzing & Evaluating Financial Statements

The planner will analyze your current situation and determine what steps you need to take to achieve your financial goals.

Step 4: Developing & Presenting Recommendations

You will be offered recommendations and alternative solutions while working closely together. Accepting or refusing certain recommendations will help aid in obtaining goals.

Step 5: Implementing Planning Recommendations

Whether the planner implements these themselves as a “coach”, or if you decide to carry these out with the aid of another professional, is a decision strictly up to you. You may choose to use an attorney or stockbroker to assist in this process.

Step 6: Monitoring Recommendations

Either you or the planner will closely monitor progress. The two of you will then decide on who will be the watchdog.


Now that you have a clear outline of the process, relax and take comfort knowing that you are well on your way to a sound financial outcome.

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