The Financial Planning Process

Finding the Right Solution For You

Financial planning is an extremely complex process that is made simple by your financial advisor. It is an interactive process where life goals and needs are defined, information collected and analyzed, and strategies are designed and executed.

The planning process involves carefully reviewing individual and/or corporate considerations, gathering the relevant information and developing a Client Profile. EFG assists in the design of an action plan, followed by a financial plan consistent with your personal objectives.

1) Discuss general considerations
  • Client priorities
  • Issues and problems
  • Identified assumptions to be used
2) Gather all the appropriate information
  • Client Profile
  • Current financial position
    • Cash flow
    • Net worth
  • Risk Management
  • Investment Profile
  • Tax situation
  • Retirement position
  • Special situations
  • Estate situation
3) Set up a plan of action and design financial plan solutions
  • Cash Management
  • Risk Management
  • Estate Planning
  • Capital needs
  • Retirement needs and financial independence
  • Tax Minimization Strategies
  • Investment Strategies
4) Review initial plan and its consistency, and complete the financial plan
  • Summary of recommendations
  • Quantification
  • Projection of future financial position
5) Initiate Plan of Action
  • Action Plan
  • Scheduled periodic review

Annual Review

In the weeks before your meeting with your advisor, gather the following information: