OUR PLANNING JOURNEY
AFP employs a disciplined and comprehensive step-by-step financial planning process. The process is designed to help you understand the sequence, purpose, and requirements for each planning activity.
1) Initial Complimentary Consultation
You are invited to take part in a free consultation to briefly discuss your current financial situation and any specific challenges or concerns you are facing. The discussion also includes Agile Financial Planning's services, approach, and fee structure. A project fee estimate is provided at the conclusion of the session.
2) Preparation for Discovery Session
Prior to the Discovery Session, you are asked to complete a financial planning survey and gather key financial documents. The requested documents include items such as tax returns, bank/brokerage statements, insurance policies, employee benefit information, and pay stubs.
3) Discovery Session
The Discovery Session focuses mainly on your life goals and any specific issues or concerns you may have about achieving them. This time together offers an important opportunity to uncover financial attitudes, behavior, history, and influences that have helped or deterred you from achieving your financial goals in the past. In addition, we review any gaps or questions regarding the planning survey and the financial documents you provide. Finally, we determine the timing and owners of any action items and future sessions.
4) Presentation Session
Once the financial plan is complete, we review it together at our Presentation Session. A high level summary of the following are provided:
Financial planning is a dynamic and iterative process. Together, we may find it necessary to revise the plan in order to address new goals, concerns, or information that is identified during the session. In this case, another discovery session is held, the financial plan is revised, and a new Plan Presentation Session is scheduled.
- Key assumptions
- Calculations, models, illustrations
- Possible options
- Recommendations
- Implementation checklist
Financial planning is a dynamic and iterative process. Together, we may find it necessary to revise the plan in order to address new goals, concerns, or information that is identified during the session. In this case, another discovery session is held, the financial plan is revised, and a new Plan Presentation Session is scheduled.
5) Implementation and Follow-Up
You are responsible for making decisions and executing the tasks set forth in your financial plan. Agile Financial Planning is available to address your questions and provide assistance in implementing your plan as needed. Assistance may include investment management and identifying other financial service providers such as insurance brokers, CPAs, and Estate Attorneys.
It is highly recommended to conduct follow-up financial review sessions at least annually and/or whenever major life events occur (e.g. employment change, marital status change, new child). However, there is no requirement to do so.
It is highly recommended to conduct follow-up financial review sessions at least annually and/or whenever major life events occur (e.g. employment change, marital status change, new child). However, there is no requirement to do so.
