The Financial Planning Process consist of six steps that financial planning professionals use to consider all aspects of a client’s financial situation when formulating financial planning strategies and making recommendations.

  • Establish and define the relationship with the client
  • Collect the client’s information.
  • Analyse and assess the client’s financial situation
  • Develop the financial planning recommendations and present them to the client.
  • Implement the financial planning recommendations.
  • Review the client’s situation.