Our Financial Planning Process | Goals Based Financial Inc.

Financial planning division of Goals Based Financial Inc.

ORIGIN

How we got started

Goals Based Advisory & Consulting™, the high-net-worth financial planning division of Goals Based Financial Inc., was co-created by Certified Financial Planner’s (CFP) Bryan Scott and Brendan Gordon.

We believe that financial planning is an ongoing process, not a one-time event. Taking great pride and care in what we do, we work with our clients on an ongoing basis, providing regular updates and reviews of their financial plans.

Our comprehensive process allows us to make changes and adjustments as needed in order to help our clients stay on track to reach their goals.

Our financial planning process encompasses retirement income planning, tax planning, estate planning, risk management, investment management, and most importantly, emotion and behavioural management.

If you have any questions or inquiries, please use the link below to contact us today.

GBAC’s distinct planning process consists of six steps to consider all aspects of a client’s financial situation when formulating financial planning strategies and making recommendations. Scroll down to learn about each step in the process.

OUR PLANNING PROCESS

A financial plan designed for you

ESTABLISHING AND DEFINING THE CLIENT-PLANNER RELATIONSHIP

This is the interview stage of our planning process where we inform the client about our planning process and the services we offer. We will introduce our background in the industry and help prepare a plan that meets your goals. We will verify whether the client wishes to be offered a full financial security plan or focus on one specific area of planning. The depth of this engagement is set out in a formal document, written and signed by both partners and the client. At this time any conflict(s) of interest will be disclosed.

GATHERING CLIENT DATA AND GOALS

When gathering data we require that the client identify their personal and financial objectives, needs and priorities that are relevant to the depth of the engagement. We will collect sufficient quantitative information and correlating documentation about the client before making or implementing any recommendations.

ANALYZING AND EVALUATING CURRENT FINANCIAL STATUS

It is important that we take the time to analyze the client’s information, based on the depth of engagement, to gain an understanding of the client’s current financial situation. In doing this, we will assess the strengths and weaknesses of the client’s current financial situation and compare them to their objectives, needs and priorities.

DEVELOPING AND PRESENTING RECOMMENDATIONS AND ALTERNATIVES

We will consider one or more strategies that are relevant to our client’s situation to ensure we meet their objectives, needs and priorities. We will present the plan with supporting rationale to allow for the client to make an informed decision.

IMPLEMENTING THE RECOMMENDATIONS

Once our advisor and the client agree on a plan, we will implement this plan. We will review the necessary steps and time frame in which it will take to complete the transition into the most suitable financial plan for our client.

MONITORING THE RECOMMENDATIONS

We work hard to define and mutually agree on the terms of review and re-evaluation of the plan. Through the review process, we will identify any changes that may be required and recommend new plans accordingly.

Reading Data

Recognizing Trends

Marketing

Consulting

For clients

For advisors

Reading Data

Recognizing Trends

Marketing

Consulting