Seven Step Process to Financial Success
STEP 1
Initial Inquiry
ADVISOR’S RESPONSIBILITIES: When you contact us, we provide a brief description of our services, philosophies, methodology, and fee structure. We’ll direct you to our Web site or mail you an introductory packet to help you learn more.
CLIENT/CONSUMER’S RESPONSIBILITIES: If the our services appear to fit your needs, we’ll schedule a Free Get Acquainted Meeting in person or on the telephone, and at the same time provide you with additional information to help you learn more.
STEP 2
Get Acquainted Meeting or Teleconference
ADVISOR’S RESPONSIBILITIES: We meet with you free of charge in person or via teleconference. It’s an opportunity to exchange information about your needs and objectives, to further discuss which of our services are right for you, and to provide you an estimate of the cost of our services. Remember, Yahn Financial Planning does not accept commissions, and instead charges for our services on an hourly (or portions of), as-needed basis.
CLIENT/CONSUMER’S RESPONSIBILITIES: If you choose to use our services, we will provide a list of additional information that we will need to begin formulating your personal financial plan.
STEP 3
Data Gathering and Initial Preparation
ADVISOR’S RESPONSIBILITIES: After receiving your information, we will begin to review and develop your custom financial plan. The advisor will prepare initial reports that he or she will discuss with you at your next meeting.
CLIENT/CONSUMER’S RESPONSIBILITIES: You will need to gather the requested data and then possibly complete a risk tolerance questionnaire provided by Yahn Financial Planning. This information will need to be provided to us by a date agreed upon.
STEP 4
Interactive Goal Setting
ADVISOR’S RESPONSIBLITIES: Depending on your individual circumstances, this meeting may or may not be necessary. If it is, it can be in person or via teleconference. We will work with you to further discuss and clarify the information you have provided thus far, and to refine your financial goals and objectives.
CLIENT/CONSUMER’S RESPONSIBILITIES: This is another opportunity for you to clarify your current situation, financial goals and objectives, and to discuss with your advisor any additional questions and concerns.
STEP 5
Analysis and Plan Formulation
ADVISOR’S RESPONSIBLITIES: Yahn Financial Planning refines the information you have provided and studies various plan scenarios. We conclude our research and analysis, and produce the final reports that include observations, assumptions, specific recommendations, and an action plan for your unique situation.
CLIENT/CONSUMER’S RESPONSIBILITIES: The ball is in our court. All you have to do at this point is await your next meeting with us.
STEP 6
Presentation of Your Financial Plan
ADVISOR’S RESPONSIBILITIES: We review your personal financial plan and our specific recommendations.
CLIENT/CONSUMER’S RESPONSIBILITIES: Congratulations! You now hold your personal blueprint for financial success designed with your financial goals in mind. You are empowered with specific recommendations to implement your financial plan. If you wish, you may employ Yahn Financial Planning further to assist you in carrying out that plan.
STEP 7
Financial Checkups
ADVISOR’S RESPONSIBILITIES: Periodic update meetings and reviews are essential to maintain good fiscal health. Your advisor can schedule these periodic meetings with you at whatever frequency you think appropriate.
CLIENT/CONSUMER’S RESPONSIBILITIES: Financial planning is an ongoing process, not a one-time event. Proper implementation of a financial plan and periodic professional reviews are crucial to reaching your financial goals. We urge prompt attention. It’s about your financial future.
