manual of financial process

Manual of Personal Financial
Planning Process

Xiang Li, Bixin Rao, Hannah Tran
Instructor: Vanessa Quezada
Ling 305 W
Spring 2014

Table of Contents
I.

Introduction .............................................................................. 3

II.

Personal Planning Process ....................................................... 3
1. Establish & Define Client Relationship .................................. 3
2. Gather Client Data ................................................................ 4
3. Analyze & Evaluate Client’s Financial Status ...................... 5
4. Develop & Present Financial Planning Recommendations .. 6
5. Implement Financial Plan Recommendation .......................... 7
6. Monitor Plan ........................................................................... 8

III. Conclusion ................................................................................. 9

2

I.

Introduction
Since financial planning is a complicate process and many people want to understand the process well before deciding to pay for a personal financial planner; hence, the purpose of this manual is to show the process of planning investment when a client wants a financial planner to refinance his/her budget. We use an example of an anonymous client. Based on his/her financial information and investment interests in equity and mutual funds, we conduct a financial planning manual that includes financial research and recommendations for him/her.
Here is the summary financial planning process:
1. Establish & Define Client Relationship
2. Gather Client Data
3. Analyze & Evaluate Client’s Financial Status
4. Develop & Present Financial Planning Recommendations
5. Implement Financial Plan Recommendations
6. Monitor Plan
In the following sections, we will showcase the process, and we will stretch it with a case study in each step.

II.
1.

Personal Planning Process
Establish & Define Client Relationship
In order