Our Financial Planning Process

Friberg Wealth Management follows the six step financial planning process sanctioned by the CFP Board of Standards. Using these six steps, we define your future life goals, assess where you are now, and strategize alternative action steps to progress towards your goals. Here's what you can expect:


Step One: Establish the client-advisor relationship.
We meet to find out how we might be able to help you achieve your goals and dreams.

Step Two: Gather client data and define goals.
We listen to you and we work together to define your personal and financial goals, your time frame for results, and how you feel about risk. What is the true meaning of wealth for you?

Step Three: Analyze and evaluate your financial status.
Areas of relative strength and risk are identified.

Step Four: Develop and present strategic solutions.
We explore and discuss possible solutions to improve the likelihood of achieving your goals, while managing risk.

Step Five: Implement the financial planning recommendations.
We agree on how recommendations will be carried out. We serve as your coach, coordinating with you throughout the implementation process.

Step Six: Monitor progress toward your goals.
We will have ongoing progress meetings. Every effective plan needs to be monitored and adjusted as needed.


Financial Planning Process, Copyright ©2011, Certified Financial Planner Board of Standards, Inc. All rights reserved. Used with permission.


Confidential Client Profile

Documents Needed for Financial Plan