The Platinum six step plan

1. Establish and define a professional relationship
Your Financial Planner will define their responsibilities and the type of service that they will provide. Together, you should agree on the duration of your professional relationship and how you make decisions.

2. Gather information and set objectives
In this step, your personal and financial goals are defined. Your Financial Planner will gather all the necessary information and documents before giving you advice and will also discuss your time frame for results.

3. Conduct a financial needs analysis
Your Financial Planner analyses your current situation and determine what you must do to meet your goals. This includes analysing your assets, liabilities and cash flow, your current insurance cover and your investments and/or tax strategies.

4. Prepare report and present to you
Your Financial Planner will offer you recommendations that address your goals, based on the information you provided.

5. Implement financial plan as agreed
When agreeing on how the recommendations will be carried out, your Financial Planner will serve as your ‘coach,’ coordinating the process with you and professionals such as attorneys.

6. Monitor the financial plan
Your Financial Planner is responsible for monitoring your progress towards your goals, and providing you with periodic reports to review your financial circumstances.