What Are the Steps Involved in the Financial Planning Process?

The journey follows a specific path: 1. Understanding circumstances, 2. Identifying goals, 3. Analyzing current action, 4. Developing recommendations, 5. Presenting, 6. Implementing, and 7. Monitoring. In my practice, I view this as a GPS system. We first need to know where the car is currently parked (discovery), then we input the destination (goals), and then we provide the turn-by-turn directions (implementation) to get there safely.

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