Sasson Financial Group
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