7 Steps to Financial Success
The 7 Steps to Financial Success is a win-win approach to financial planning for clients and advisors. It spells out step by step our simple-to-understand-and-implement approach to building a brighter financial future.
STEP 1 – Initial Inquiry/Community Outreach
Advisor’s Responsibilities:
Diane will provide a brief description of the services, philosophies, methodology and fee structure. She will direct you to the firm’s website to help you learn more.
Client/Consumer’s Responsibilities:
If the services appear to fit your needs, she will schedule a Get Acquainted Zoom call, and at the same time provide you with additional information to help you learn more.
STEP 2 – Get Acquainted Zoom Call
Advisor’s Responsibilities:
Diane will meet with you via Zoom. It’s an opportunity to exchange information about your needs and objectives, to further discuss which of the services are right for you, and to provide you with an estimate of the cost of the services. Remember, Diane does not accept commissions, and instead charges for the services as a package or on an hourly as-needed basis.
Client/Consumer’s Responsibilities:
If you choose to work with Pearson Financial Planning, Diane will provide a list of additional information that she will need to begin.
STEP 3 – Data Gathering and Initial Preparation
Advisor’s Responsibilities:
After receiving your information, Diane will begin to review and develop your custom financial plan. She will prepare initial reports that she will discuss with you at your next Zoom call.
Client/Consumer’s Responsibilities:
You will need to gather the requested data and then possibly complete a risk assessment and other questionnaires provided by Pearson Financial Planning. This information will need to be provided prior to your next Zoom call.
STEP 4 – Interactive Goal Setting
Advisor’s Responsibilities:
Depending on your individual circumstances, this webcast may or may not be necessary. Diane will work with you to further clarify the information you have provided thus far, and to refine your financial goals and objectives.
Client/Consumer’s Responsibilities:
This is another opportunity for you to clarify your current situation, financial goals and objectives, and to discuss any additional questions and concerns.
STEP 5 – Analysis and Plan Formulation
Advisor’s Responsibilities:
Diane analyzes the information you have provided and considers various options and opportunities available for each planning objective. She concludes her research and analysis, and produces the final reports that include observations, assumptions, specific recommendations and an action plan tailored specifically for you.
Client/Consumer’s Responsibilities:
The ball is in your advisor’s court. All you have to do at this point is await your next Zoom call.
STEP 6 – Presentation of Your Financial Plan
Advisor’s Responsibilities:
We will review your personal financial plan and any specific recommendations.These may require as few as one Zoom call or it may be multiple, depending on your circumstances.
Client/Consumer’s Responsibilities:
You now hold your personal blueprint designed with your financial goals in mind. You are empowered with specific recommendations to implement your financial plan. If you wish, you may employ your advisor further to assist you in carrying out that plan.
STEP 7 – Financial Checkups
Advisor’s Responsibilities:
Periodic update meetings and reviews are essential to maintain good fiscal health. Diane can schedule these periodic meetings with you at whatever frequency you both deem most appropriate.
Client/Consumer’s Responsibilities:
Financial planning is an ongoing process, not a one-time event. Proper implementation of a financial plan and periodic professional reviews are crucial to reaching your financial goals.