Goals Based Financial Inc. consists of six steps that financial planning professionals use 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.
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.
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.
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.
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.
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.
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.
Mortgage referrals and insurance products, including segregated fund policies are offered through Goals Based Financial Inc., and Investment Representatives Gregory Bennett, Brendan Gordon, offer mutual funds through Quadrus Investment Services Ltd.
Quadrus Investment Services Ltd. and design are trademarks of Quadrus Investment Services Ltd. Used with permission.