Where to Start

Steps for Comprehensive Financial Planning

Agree upon scope of plan and sign contract — advisor and client.
Complete Financial Questionnaires and gather needed documents — client.
In-person meeting to review questionnaires and documents — information gathering.
Written plan preparation by advisor.
In-person meeting to review written plan and recommendations.
Implementation of Plan — advisor and client.
Mid-year review of plan for tax planning issues.
Ongoing access to advisor during the year.

Agree upon amount of assets to be managed and sign investment advisory contract — advisor and client.
Complete Risk Tolerance Questionnaire and Money Personality Questionnaire — client.
Develop Investment Policy Statement which details client’s investment goals, risk tolerance and timeframes and outlines the asset allocation to be used in the portfolio — advisor.
Sign Investment Policy Statement.
Complete paperwork to transfer investment accounts to TD/Ameritrade — advisor.
Implement the asset allocation TD/Ameritrade — advisor.
Monitor investments, prepare quarterly reports — advisor.
In-person or phone meetings to discuss investments when necessary, at least annually.