We're with You Every Step of Your Financial Journey
The following are the elements of our Financial Planning Process. This is designed to be consistent with the CFP® Practice Standards in effect June 2025.
Financial Planning integrates relevant elements of our client’s personal and financial circumstances. There are seven steps in the Financial Planning Process.
Step 1
Understand the Client’s Personal and Financial Circumstances
Step 2
Identify and Prioritize Client Goals
Step 3
Analyze the Client’s Current Course of Action and Potential Alternative Courses of Action
Step 4
Develop the Financial Plan
Step 5
Presenting the Financial Plan
Step 6
Implementing the Plan Recommendations
Step 7
Reviewing Progress and Updating the Plan
Financial Planning Elements – While not a complete list, the following elements are typical of an integrated financial plan.
Investment Management Process for Qualified and Non Qualified Accounts
Life insurance
Long term care insurance
Disability income protection
Property and liability insurance
College cost
College savings
Planning and reviewing progress to goal
Goal planning
Social Security & Income Planning
Health Care in Retirement
Beneficiary designation review
Estate document review
Topical financial information provided to clients
Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
