7 Step Planning Process 1. Initial Meeting Talk about goals, values, dreams, special concerns and challenges.Discuss the different approaches to planning and begin to establish scope of relationship. 2. Data Gathering Intake of information regarding all areas of finance.Review financial documents.Discuss risk tolerance and values around money and investing.Collection of all information needed to begin plan development. 3. Preliminary Plan Development Compile information into first draft of financial plan.Develop initial strategies and coordinate with specialists.Prepare for draft meeting with client. 4. Draft/Strategy Meeting Present and review initial findings, strategies, and recommendations.Make any adjustments or corrections to baseline information.Collaborate and develop plan scenarios and alternatives. 5. Plan Completion & Formalization Integrate any new or updated information into plan.Final development and review of plan.Prepare Client Action Plan and any documents or applications based on final recommendations. 6. Plan Delivery & Implementation Present and discuss any new or alternate strategies and review key points of plan.Open any new accounts, complete applications as needed, develop ongoing review schedule based on the planning approach taken. 7. Ongoing Monitoring & Plan Review Review existing investment and financial planning strategies and present as needed.