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Financial Planning: Hemler Financial Group
Financial Planning: Comprehensive financial planning is a process. It encompasses a review of the client’s financial life. It serves the client in clarifying his or her goals and provides an outline of their financial condition. The process typically involves the following elements.
1. Establishing a client-planner relationship
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In this step the financial planner works to establish the conditions of need as they relate to the unique client goals
Explanations of the review steps and necessary documentation is outlined
Consultation leads to establishing whether the client desires to pursue additional services
Clarification of both client and advisor responsibilities are determined |
2. Gathering client data and determining goals and expectations
Determine the client’s personal and financial goals, needs and priorities
Assess client’s values, attitudes and expectations
Determine time horizons
Evaluate a client’s risk tolerance
Collect appropriate client records and documents |
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3. Determining the client’s financial status through analysis and evaluation of various client information
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This step involves detailed review particular to the uniqueness of the client situation |
4. Developing and presenting a financial plan
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At this stage the advisor coordinates solutions hinged on the client needs and goals
The advisor then outlines these solutions, educating the client regarding planning strategies |
5. Implementing the financial plan
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Understanding your wealth and transfer issues
We provide implementation through Hemler Financial Group
Coordination with other professionals as required
Attorney, Accountant, Insurance Agent |
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6. Monitoring the components of the plan
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Ongoing review and making recommendations relative to:
Life changes
Economic conditions
Tax policy |
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