Financial Planning Process INTRODUCTION SESSIONEvaluate if planning will be helpful, determineClient and Spousethe costs and decide whether or not to proceed Interview NotesSent to client for a review of the first session. INFORMATION INTERVIEWA review of the Data Information Form, legalGather Financial InformationDiscuss Client ObjectivesClarify Client Attitudesdocuments, employee benefit statements, anyinvestment summaries - with an extensivediscussion of client goals and family attitudes. Interview NotesAn opportunity to confirm the initial responses. CONFIRMATION STEPSA review of the re-stated Plan Objectives, thePlanning ObjectivesPlanning AssumptionsReview of the Financial DataPlan Assumptions to be used, the listed data andthe initial balance sheet with cash flow andincome tax summary. Interview NotesA listing of the data alterations to be made. REPORT PREPARATIONDetermining where the client is headed - if noPresent Situation AnalysisProblem IdentificationDevelop Recommendationschange in direction is made; measuring theextent of problems or shortcomings; testing ofalternative solutions; developing a formal plan. REPORT DELIVERY SESSIONA review of the initial recommendations andReview of the ReportAdditional Issues (?)Initial Decisions MadeService Request Formhow they will address the problems. Clientresponse frequently indicates a need for addedstudy or plan alteration. A Service Form indicatesparties to assist in plan implementation. Interview NotesImplementation SummaryImplementation reflects the actions desired,assignment of responsibility and a timetable. IMPLEMENTATION INTERVIEWSContinued meetings with the client and otherAdditional Analysis (?)Meeting with other Client AdvisorsMaking Decisions & Taking Actionadvisors to accomplish the tasks required toimplement the plan. Since many are sequentialthis process extends over several months. Interview NotesRevise Implementation SummaryThe action steps continue, driven by revisions tothe Implementation Summary Form. CONTINUED SERVICESPeriodic meetings thereafter to review theReview of ImplementationInvestment Monitoringperformance of investments, changes in family,career and economic circumstances.