top of page


What are the 7 steps in the financial planning process?

Steps of Financial Planning

  • Define your short- and long-term goals.

  • Audit your current income, savings, and long-term savings and investing plan. 

  • Address shortfalls/adjust goals. 

  • Account for multiple future scenarios. 

  • Develop a comprehensive financial plan. 

  • Implement and monitor that plan.

Develop a comprehensive financial plan


Comprehensive financial planning is the process of creating a detailed and holistic plan to help you address each area of your financial life.  Comprehensive financial planning is the process of creating a detailed plan for your finances to help you take control of your situation and reach your short and long-term financial goals.   This process provides a framework for the establishment of solid client relationships and enables us to provide outstanding service and positive results.  Let define your personal and financial goals, understand your time frame for results and discuss, if relevant, how you feel about risk. Your advisor will gather all necessary documentation and information during this step to provide you with sound financial planning advice.


The comprehensive financial planning takes a more holistic approach in which you address each area of your financial life and how they interact with one another. Having this big-picture plan for your finances can help reduce stress and anxiety around money while helping you to reach your goals.  Phronesis Group Consulting is here for you in this process.






bottom of page