Planning Process

   

 

 

 

Markland Wealth Management, Inc.
FINANCIAL PLANNING PROCESS



1. Establish Financial Goals & Objectives

  • Quantify measurable objectives
     
  • Rank for importance
     


2. Gather Data

  • Statement of Financial Position
     
  • Cash flow statement
     


3. Process & Analyze Information

  • Review current situation
     
  • Identify strengths and weaknesses
     
  • Modify goals (if necessary)
     


4. Recommend a Financial Plan

  • Select techniques and alternatives to accomplish goals
     


5. Implement the Plan

  • Schedule for implementation
     
  • Documentation and applications
     


6. Monitor the Plan

  • Track investments and products
     
  • Monitor economic & tax environment
     
  • Scheduled review to ensure continued appropriateness of your plan