Planning Process

Sasson Financial Group

FINANCIAL PLANNING PROCESS



1. Establish Financial Goals & Objectives

    • Quantify measurable objectives

    • Rank for importance

2. Gather Data

    • Statement of Financial Position

    • Cash flow statement

3. Process & Analyze Information

    • Review current situation

    • Identify strengths and weaknesses

    • Modify goals (if necessary)

4. Recommend a Financial Plan

    • Select techniques and alternatives to accomplish goals

5. Implement the Plan

    • Schedule for implementation

    • Documentation and applications

6. Monitor the Plan

    • Track investments and products

    • Monitor economic & tax environment

    • Scheduled review to ensure continued appropriateness of your plan