Patrick Noonan, September 8, 2022
The CFP® board has outlined a seven-step financial planning process to help guide CFP certificates through the planning process with their clients and prospects. In this series of four blogs, I am going to show you how Advisor360°'s platform helps facilitate this process by providing efficiency and an enhanced client experience.
In this blog, I will discuss step one of the seven-step financial planning process: understanding your client’s personal and financial circumstances.
The first phase of Step 1 is to assign your client or prospect to your configurable new client workflow. Workflows will assist you and your clients through the necessary steps of gathering and storing data. Below are a few activities that can be included in a workflow.
Now that we have gathered the necessary information to properly understand your client’s current financial situation, we can move on to identifying, analyzing, developing, and presenting their goals. These are steps two, three, and four, and will be covered in next week’s blog.
See all seven steps in the financial planning process.
Patrick Noonan is Product Manager for Wealth Management and Insurance. Backed by his years of experience as a Certified Financial Planner (CFP®), Patrick defines and oversees product features that improve broker-dealer, advisor, and investor performance and efficiencies in the banking, investment, and insurance industries.
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