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The Financial Planning Process

Financial Planning is an ongoing process which is reviewed and revised as significant life changes occur and priorities change. When these changes will occur will be different for each client. Therefore, it is important for Joe as the financial advisor to take a disciplined approach to helping a client manage their finances.

Every client is walked through each stage of the financial planning process so they understand the options available to them, allowing them to feel confident in their decisions.

The Financial Planning process consists of the following stages:

  • Financial Fact Finding and Data Collection

Joe will meet with you to review your current financial situation, assess your current and future needs and goals and discuss what is most important to you. He will also measure your risk tolerance and evaluate your time horizon to reach your objectives. To ensure he provides his clients with the greatest chance for financial success, all investment portfolios are engineered to be diversified and customized for each client's time horizon, financial goals, and ability and need to take risk.

  • Analysis and Plan Preparation

The information you supply will be analyzed so a multi-faceted plan geared exclusively to your particular needs and objectives can be prepared. A good financial plan strives to balance priorities so the pursuit of one goal does not preclude the achievement of another.

  • Plan Presentation and Implementation

Joe will present to you his recommendations to address your unique needs. He will help you understand these recommendations and any other options and alternatives available to you, allowing you to make an informed decision.

  • Plan Monitoring and Adjusting

Your plan will continually be monitored and adjusted to ensure your objectives are being met. Diversification and asset allocation are key components to a well engineered portfolio, but they do require maintenance. To keep your plan on target, your portfolio will need periodic rebalancing.

  • Ongoing Communication

 Joe can help you put a plan in place to improve your financial picture and help you pursue your financial dreams, whether in just a few short years or many years in the future. From the vacation of a lifetime to a dream home or business to college graduation(s) and retirement, he can help you identify what it will take for you to pursue your dreams. So go ahead and ask yourself - What Are Your Dreams?

 Asset allocation and diversification do not assure or guarantee better performance and cannot eliminate risk of investment losses.

*Investment and financial planning services are offered by Joseph A. Cannova through his affiliation with Avantax.