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6 STAGE CERTIFIED FINANCIAL PLANNING PROCESS
(1) Collecting and assessing all relevant personal and financial data.
Gathering all your personal financial information, i.e. Where are you now?
(2) Identifying financial objectives and problems.
Finding out what is important to you
What are your aims, ambitions, dreams and desires?
Where do you want to go to, where do you want to be?
(3) Analysing your current situation and confirming where you are compared with where you want to be
(4) Creating a plan that will tell you what you need to do to get to where you want to be in life
Creating a lifetime cashflow forecast that will show you how long your money will last
(5) Implementing the Plan. Implementing the financial planning recommendations.
Implementing the suggestions from the plan
(6) Having an Annual Financial Planning Meeting to review the plan in light of any changes in circumstances, objectives,Government legislation or Market conditions.
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