Vantage Planners Group -

Vantage Planners > Financial Planning > How Financial Planning Works

Financial planning consist of 6 steps:

1. Establish yourself
We will:

Explain issues and concepts related to the overall financial planning process that are appropriate to you.
Explain the services we will provide and the process of planning and documentation.
Agree on how decisions will be made.

2. Gather data and determine your goals and expectations
We will:

Obtain information about your financial resources and obligations through a simple questionnaires.
Gather all the necessary documents before giving you the advice you need.
Try to define your personal and financial goals, needs and priorities.
Investigate your values, preferences, financial outlook and desired results as they relate to your financial goals, needs and priorities.

3. Clarify your present financial status and identify any problem areas and opportunities
We will:

Analyze your information to assess your current situation (cash flow, net worth, tax projections, etc.).
Identify any problem areas or opportunities

4. Develop and present the financial plan
We will:

Develop and prepare a financial plan tailored to meet your goals and objectives, values, temperament and risk tolerance, while providing projections and recommendations.
Present the plan to you and establish an appropriate review cycle.
Work together to ensure that the plan meets your goals and objectives.

5. Implement your financial plan
We will:

Assist you in implementing the recommendations discussed if you want. This may involve coordinating contacts with other professionals such as investment funds sales representatives, accountants, insurance agents and lawyers.

6. Monitor the financial plan
We will:

Agree on who will monitor and evaluate whether your plan is helping you progess toward your goals.
Contact you to review the progress of the plan periodically and make adjustments to the recommendations required to help you achieve your goals.