Our Methodology
At Beane Financial Consulting, we adhere to the CFP® Practice Standards for the Financial Planning Process:
In complying with the Practice Standards, a CFP® professional must act prudently in documenting information, as the facts and circumstances require, taking into account the significance of the information, the need to preserve the information in writing, the obligation to act in the Client's best interests, and the CFP® Professional's Firm's policies and procedures.
The financial planning process is a mutual endeavor between a client and a financial professional in which the client plays an equally important role. In addition to disclosure of material information at the outset of the engagement, the financial professional will rely on the client to periodically disclose any changes to their financial circumstances which may impact the ongoing progress and appropriateness of the plan. Any new engagement will follow the financial planning process as outlined below, and may circle back from time to time to repeat steps as necessary.
- Understanding the Client’s Personal and Financial Circumstances
- Identifying and Selecting Goals
- Analyzing the Client’s Current Course of Action and Potential Alternative Course(s) of Action
- Developing the Financial Planning Recommendation(s)
- Presenting the Financial Planning Recommendation(s)
- Implementing the Financial Planning Recommendation(s)
- Monitoring Progress and Updating
For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you.
brian@beanefinancialconsulting.com | (770) 573-7159