Our Process

The Financial Planning Association® (FPA®) is a leadership and advocacy organization connecting those who provide, support and benefit from professional financial planning. Based in Denver, Colorado, the FPA® has more than 100 chapters throughout the United States representing more than 28,500 members involved in all facets of providing financial planning services. Working in alliance with academic leaders, legislative and regulatory bodies, financial services firms and consumer interest organizations, FPA® is the premier resource for the public to find a financial planner who will deliver advice using an ethical, objective, client-centered process.

Step 1: Identify, Establish and Prioritize Goals
Financial Planning is about achieving your hopes and dreams: a comfortable retirement, paying for
your children’s education, buying a home, providing for loved ones, becoming debt free, and so on.
During this step of the process we will discuss what it is you want to accomplish in life and how your
finances might play a role. Because specific goals are usually tied to a certain point in the future, this
step will also help establish your time horizons for achieving your goals.

Step 2: Gather Personal and Financial Data
During this step of the process we gather all of the pertinent information to assess your current
situation. Your present circumstances will have a significant impact on the plan that’s best for
you. Examples of information which may need to be gathered includes your bank and brokerage
statements, insurance policies, estate documents, and maybe even your most recent tax returns.

Step 3: Analyze and Evaluate Financial Data
During this step of the process we analyze your information to assess your current situation and
determine what options you may have and what must be done in order to meet your goals. As the
picture develops, specific shortfalls or excesses will come into focus, along with areas needed to

Step 4: Create a Plan
During this step, a plan is developed which serves as a roadmap as to how to achieve your specific
financial goals. Your plan may call for immediate changes, such as diversifying your investments,
shifting your asset allocation, consolidating accounts, optimizing your insurance coverage, or drafting
wills and other estate planning documents. Your plan may also call for longer-term actions such as
altering your spending and saving habits over time.

Step 5: Implement the Plan
During this step, the agreed upon plan details are established and put into place. Implementing your
plan may involve opening certain types of accounts or purchasing certain types of securities, policies,
funds or other financial and investment-related products.

Step 6: Review and Monitor the plan
This step involves keeping an eye on your progress of achievement against the plan over time.
For example, this entails monitoring and refining your plan based on the performance of your
investments, periodically rebalancing your portfolio to keep your asset allocation on target, updating
your insurance and your estate plan, and so on. It also includes revising your plan as necessary as
your life changes (i.e. marriage, divorce, newborn, job loss, disability, etc.).