Including asset-liability analysis, cash flow budget and management, personal risk management and insurance planning, investment planning, career planning, children's parenting and education planning, residence planning, retirement planning, personal tax planning and inheritance planning at various stages of human life cycle.
The specific process of financial management can be divided into six steps:
1. Establish and position the relationship between financial planners and customers.
The financial planner shall give a written explanation and explanation of the services it will provide to customers, and strictly define the responsibilities of the financial planner and customers. Financial planners should clearly explain their salary payment methods to customers. The financial planner and the customer should reach an agreement on the cooperation period and decision-making method.
2. Collect customer financial information, including customer financial objectives.
Financial planners should collect relevant information about customers, and customers and financial planners should state their own ideas about customers' personal life goals and financial management goals, complete the time frame for discussion and implementation of decisions, and evaluate risks. Before making specific financial suggestions, financial planners should collect all relevant information completely.
3. Analyze and evaluate the financial status of customers.
Financial planners should analyze and evaluate the customer's situation and make decisions on the financial measures that need to be taken. According to the type of service required by customers, financial planners can provide financial advice including assets, liabilities, cash flow, insurance coverage, investment portfolio and tax avoidance strategies.
4. Draft and put forward financial management suggestions and alternatives.
Financial planners should put forward financial suggestions corresponding to financial objectives according to the information provided by customers. Financial planners should fully discuss with customers, and strive to make customers fully understand and master the analysis and suggestions of financial planners, so as to facilitate customers' scientific decision-making. Financial planners should also listen to customers' opinions and make reasonable changes to financial advice.
5, the implementation of the plan to achieve the goal
The financial planner and the customer should reach an agreement on the implementation plan of the financial plan. Financial planners can carry out financial planning by themselves, or as "coaches" to guide customers to complete the whole financial management process, and fully coordinate with shareholders, lawyers and other professionals when necessary.
6. Supervise the implementation of the plan
The financial planner should reach an agreement with the customer on the supervisor of the financial planning process. If the supervisor is the financial planner himself, the financial planner should make a periodic report to the customer in time, review and summarize the implementation of the plan, and modify the financial plan according to the changes in the situation.