Financial Planning Process Flow Chart

Planner’s Actions/ Financial Client’s Actions/

Responsibilities Planning Responsibilities
Process
You review our introductory materials
and/or visit our web site to learn more.

If our services appear to fit your needs, you

contact us to schedule a Step 2 “Get
Acquainted and Data Gathering Meeting”.
When you contact us, we’ll provide a
We will give you a list of data or
brief description of our services,
information, which we will need to begin
philosophies and methodology and fee
formulating your financial plan.
structures. STEP 1:
Initial Inquiry
You keep in readiness all the relevant
We’ll direct you to our web site or mail
information, contract documents and latest
you an introductory tool kit to help you
statements of account / valuation reports of
learn more.
your existing assets / savings /
investments.

You will keep in readiness all relevant

information as needed in “Data Gathering
Worksheet” and only then we meet for Step
2.

When you decide to engage our services

you will sign the Letter of Engagement.

Wherever required, you will provide us the

The Get Acquainted Meeting is an
authorisation letters to collect the
opportunity for us to exchange STEP 2:
statements of account / reports on your
information about your needs and Get
behalf.
objectives, and further discuss which of Acquainted /
our services are right for you. Data
You need to provide us with data both
Gathering
financial and non financial in the required
We will also provide an estimated fee Meeting
format.
quote.
You will complete the risk tolerance
questionnaire.

Fee is due upon committing to the

engagement.

© Procyon Financial Planners Pvt Ltd Page 1

After we receive your data in the
You will go through the draft financial plan
required format and the fees, we begin
and discuss with us your queries and
to review the data and develop your
concerns.
financial plan. STEP 3:
Initial
You will provide any additional
Within 15 working days of receipt of Preparation
information/update required by the planner
data worksheet, we will prepare and
and clarify any queries the planner might
present a draft financial plan to discuss
have.
at our Step 4 meeting.
In Step 4, with the draft plan in front of STEP 4:
In this Interactive Meeting, you have
us, we discuss and clarify the Interactive
another opportunity to clarify your current
information you have provided so far. Goal Review
situation, financial goals and objectives,
Meeting or
come with any additional questions or
We continue to refine your financial Teleconferen
concerns you may have.
goals and objectives. ce
We edit the initial information, as
needed and run additional scenarios, if
applicable. STEP 5:
As we move into Step 6, you schedule a
Analysis and
meeting or teleconference two weeks after
We then conclude our research and Plan
our Step 5 meeting.
analysis, and produce final reports for Formulation
your personal financial plan, including
observations and recommendations.
In Step 6, we present your personal
Congratulations! At this point you will hold
financial plan. STEP 6:
a personalized blueprint, custom designed
Presentation
to meet your financial goals.
We discuss all reports and provide you of Your
with a written summary of our Financial
This written plan is yours to keep. Any
observations and specific Plan
balance fee is payable by you now.
recommendations.
At this point, you can implement and
monitor the plan yourself, or retain us to
provide a portion or all of these services for
you.
STEP 7:
At the conclusion of your plan
Plan In case the implementation requires the
presentation, we discuss the pros and
Implementati services of other professionals, we may
cons of each implementation service
on and engage them with your consent; you need
option, including fee structures.
Follow Up to bear the fees for their services.

Any charges towards implementation of the

plan is payable separately by you according
to service level agreements.

© Procyon Financial Planners Pvt Ltd Page 2