Financial Planning Process Provides Guideposts Towards True North
Your True North Financial Advisor can allocate resources for the implementation of financial strategies in a timely manner; produce reports to monitor progress and advise appropriate adjustments on a regular basis; document financial decision when made; with a continuous assessment of the overall process.
To arrive at your True North destination, the financial planning process should include the following steps:
- Define the Role of Decision-Makers;
- Analyze Client Goals and Objectives;
- Strategize Based on the Scope of the Client Engagement;
- Formalize Written Financial Plan and Investment Policy Statement;
- Implement Investment Strategy;
- Monitor Investment Strategy through Periodic Reports; and
- Assess Investment Strategy Implementation Process.
