Financial planning starts with the preparation of
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The Financial Planning Process consists of6 steps that will assist you in assessing and
planning your current and future financial requirements and developing a Financial Plan to meet your specific needs. The purpose of the Financial Plan is to create the perfect strategy that will meet your goals.Step1 - Establish and Define a Professional RelationshipThe financial planner will clearly explain the services to be provided to you and define both his and your responsibilities. The
planner should explain fully how he will be paid and by whom. You and the planner should agree on how long the professional relationship should last and on how decisions
will be made.
planning your current and future financial requirements and developing a Financial Plan to meet your specific needs. The purpose of the Financial Plan is to create the perfect strategy that will meet your goals.Step1 - Establish and Define a Professional RelationshipThe financial planner will clearly explain the services to be provided to you and define both his and your responsibilities. The
planner should explain fully how he will be paid and by whom. You and the planner should agree on how long the professional relationship should last and on how decisions
will be made.
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