Understand the Client’s personal and financial Circumstances (including gathering quantitative and qualitative information, analyzing the information, and identifying any pertinent gaps in the information);
Identify and select Goals (including a discussion on how the selection of one goal may impact other goals);
Analyze the current course of action and potential recommendations (evaluating based on the advantages and disadvantages of the current course of action, and the advantages and disadvantages of potential recommendations);
Develop financial planning recommendations (including not only what the Client should do, but the timing and priority of recommendations, and whether recommendations are independent or must be implemented jointly);
Present financial planning recommendations (and discuss how those recommendations were determined);
Implement recommendations (including which products or services will be used, and who has the responsibility to implement); and
Monitor progress and update (including clarifying the scope of the engagement, and which actions, products, or services, will be the CFP® professionals’ responsibility to monitor and provide subsequent recommendations).
Investment Advisory Services offered through Traction Financial Partners, LLC, a Registered Investment Advisor.
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