The Personal Financial Planning Process

Personal Financial Planning (PFP) is the process of designing financial strategies and making planning decisions that, when implemented, are intended to help clients to achieve financial goals. Through this process, we can help you maximize the utility of your financial resources.

The PFP process helps you answer the following questions:

1. Where am I? The PFP process involves an assessment of your current financial condition.

2. Where do I want to go? During the process, we will work with you to identify and prioritize realistic, quantifiable financial goals.

3. How do I get there? Your recommended strategies, based on an analysis of relevant information, help you make planning decisions to achieve your goals.

We can assist you in this process by organizing data, performing analyses, assisting in goal setting, providing suggestions and recommendations, assisting in decision making, and coordinating the implementation of planning decisions. We may also help by monitoring the progress toward achieving the established financial goals and by modifying and updating previous recommendations.

Because PFP is a process, you may be involved in all or only some activities. For instance, organizing data, performing analyses, providing suggestions or recommendations, and helping you make decisions may constitute one engagement, while coordinating the implementation of that same planning decisions may be addressed in a separate engagement.