Whether we are working with you to address a specific issue — retirement, cash management, inheritance, divorce, bankruptcy, estate protection, income taxes, portfolio construction, college education, specific investment types and individual investments — or to provide a comprehensive financial plan that serves as your roadmap for making the most of your financial resources, we are committed to providing advice that helps you accomplish the goals that are important to you.
What To Expect
Financial Decision Partners uses the Certified Financial Planning Board of Standards 6-Step process to work with you to create your financial plan.
6 Steps to Create Your Financial Plan
1. Establish a relationship with our CFP® practitioner.
Our Certified Financial Planner™ practitioner will explain our financial planning services and define each of your responsibilities. Along with compensation, you’ll discuss how long the professional relationship will last and how to make decisions.
2. Gather your data and develop your financial goals.
You and our CFP® practitioner will talk about your current financial situation and gather any necessary documents. Together, you’ll define your personal and financial goals, including timeframes. You may also want to discuss your comfort level when it comes to taking financial risks.
3. Analyze and evaluate your financial status.
Our Certified Financial Planner™ practitioner will then consider all aspects of your situation to determine what you need to do to meet your goals. Depending on what services you’ve asked for, our planner may analyze your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.
4. Review our CFP® practitioner’s recommendations.
Our CFP® practitioner will go over his financial recommendations, explaining the rationale so you can make informed decisions. At this stage, our planner will also listen to any concerns you may have and revise his recommendations if necessary.
5. Implement our CFP® practitioner’s recommendations.
You and our CFP® practitioner will need to agree on how the recommendations will be carried out. Our Certified Financial Planner™ practitioner may carry out the recommendations himself or serve as your coach, coordinating the process with you and other professionals, like attorneys or accountants.
6. Monitor your progress against established goals.
As you work towards your goals, you and our Certified Financial Planner™ practitioner will need to decide who will monitor your progress to make sure you’re staying on track. If the planner is in charge, he’ll check in from time to time, reviewing your situation and making any necessary adjustments to his recommendations.