General Principles

Question 1

What is the Financial Planning Process

Answer 1

“Uber Is A Drunk Person’s Immediate Motor Vehicle”
U - Understanding the Client’s Personal & Financial Circumstances
I - Identifying & Selecting Goals
A - Analyzing the Client’s Current Course of Action & potential alternative courses of action
D - Develop the Financial Planning Recommendations
P - Present the Financial Planning Recommendations
I - Implementing the Financial Planning Recommendations
M - Monitoring Progress and Updating