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WHAT IS FINANCIAL PLANNING?
Financial Planning
is a professional service to individuals,
thier families and their businesses,
to provide impartial assistance
in analysiang and organizing
personal financial affairs
in order to achieve financial lifestyle goals.
Source: FPAM
THE SIX STEP PROCESS
IN FINANCIAL PLANNING
Source: FPAM
1. Establishing and defining the client-planner relationship.
2. Gathering client data, including goals.
3. Analysing and evaluating the client's financial status.
4. Developing and presenting financial planning recommendations
and/or alternatives.
5. Implementing the financial planning recommnedations.
6. Monitoring the financial planning recommendations.
THE SEVEN PRINCIPLES
IN FINANCIAL PLANNING
Source: FPAM
1. Integrity
2. Objectivity
3. Competence
4. Fairness
5. Confidentiality
6. Professionalism
7. Diligence
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