Simple Financial Planning Process

Most clients’ situations fit this level of service

Step One: Preliminary Planning Meeting

Wake Wealth

1. Explains scope of the initial financial planning engagement
2. Covers Securities and Exchange Commission (SEC) requirements and other disclosure information
3. Reviews preliminary planning reports using data provided by client
4. Answers questions and makes recommendations
5. Quotes flat fee for a written financial plan and a quarterly flat fee for ongoing financial planning reporting and advice
6. Dictates notes and recommendations
7. Sends transcribed notes to client

Client

1. Provides preliminary data one week before meeting (see financial planning checklist)
2. Brings written questions to be answered during the meeting
3. Signs financial planning contract
4. Acknowledges receipt of documentation required by the Securities and Exchange Commission (SEC)

Step Two: Implementation Meeting

Wake Wealth

1. Reviews notes from first meeting with client
2. Answers any additional questions
3. Assists in helping implement recommendations if requested by client

Client

1. Reads notes that were dictated by financial planner after the first meeting, transcribed, and mailed to client
2. Makes sure recommendations are implemented