The 5 Step Process
1: Developing a Present Position
2: Establishing the Client's Financial Goals and Objectives
3: Determining the Problems
4: Developing the Plan
5: Implementing* and Updating the Plan

Determining the Problems
Once we have established the client's Present Position and their Goals and Objectives, we can determine what they are doing right, and more importantly what they need to change. What are the problems that we need to solve?

Simply put, the distance between where they currently are and where they want to be (in the timeframe that they want to get there) is the problem. In this step of the process, we will determine such things as:

Are they paying too much in taxes?
Are they losing money in their cash flow management?
Do they have enough liquidity for emergencies?
Do they have appropriate insurance coverage for disability, premature death, and/or long-term health care expenses?
Do they have the proper wills, trusts, and other estate planning documents?
Are they on track to fund their children's education and their own retirement?
Are they making optimal use of their employer-provided benefits?
Do their investments match their purpose and their investment personality?