Seven Steps To a Brighter Financial Future

We believe that you should know what to expect if you engage this firm. Below is an outline of how the financial planning process works at First Independent Advisors.

First Independent Advisors follow the 7 steps to a brighter financial future developed through the Garrett Planning Network. It is a win-win approach to financial planning for clients and advisors. It spells out step-by-step a simple to understand and implement approach to building a brighter financial future.

Step 1

Initial Inquiry

Advisor's Responsibilities: We will provide a brief description of our services, philosophies, and methodology. We will direct you to our firm's web site or mail you introductory information to help you learn more.

Client/Consumer's Responsibilities: If our services appear to fit your needs, we will schedule a Free Get Acquainted meeting in person and at the same time provide you with additional information to help you learn more.

Step 2

FREE Get Acquainted Meeting

Advisor's Responsibilities: We will meet with you free of charge in person. It's an opportunity to exchange information about your needs and objectives, to further discuss which of our services are right for you, and to provide you with the charges for our services. Remember, we do not accept commissions, and instead charge for services on a project, or an hourly, as needed basis.

Client/Consumer's Responsibilities:If you choose to use our services, approve the client service agreement and pay the required fee, we will provide a list of additional information that we will need to begin formulating your personal financial plan.

Step 3

Data Gathering and Initial Preparation

Advisor's Responsibilities: After receiving your information, we will begin to review and develop your custom financial plan. We will prepare initial reports that we will discuss with you at your next meeting.

Client/consumer's responsibilities: You'll need to gather the requested data and then possibly complete a risk tolerance questionnaire provided by us. This information will need to be provided to us before your next meeting.

Step 4

Interactive Goal Setting

Advisor's Responsibilities: Depending on your individual circumstances, this meeting may or may not be necessary. If it is, it can be in person or via teleconference. We will work with you to further discuss and clarify the information you have provided thus far, and to refine your financial goals and objectives.

Client/Consumer's Responsibilities:  This is another opportunity for you to clarify your current situation, financial goals and objectives, and to discuss with us any additional questions and concerns.

Step 5

Analysis and Plan Formulation

Advisor's Responsibilities:  We refine the information you have provided and study various plan scenarios. We conclude our research and analysis, and produce the final reports that include observations, assumptions, specific recommendations, and an action plan for your unique situation.

Client/Consumer's Responsibilities: The ball is in our court. All you have to do at this point is await your next meeting with your advisor.

Step 6

Presentation of Your Financial Plan

Advisor's Responsibilities: You and your advisor review your personal financial plan and his or her specific recommendations.

Client/Consumer's Responsibilities: Congratulations! You now hold your personal blueprint for financial success designed with your financial goals in mind. You are empowered with specific recommendations to implement your financial plan. If you wish you may employ us further to assist you in carrying out that plan.

Step 7

Financial Checkups

Advisor's Responsibilities: Periodic update meetings and reviews are essential to maintain good fiscal health. We can schedule these periodic meetings with you at whatever frequency you think is appropriate. In general, we recommend one time each year for most families.

Client/Consumer's Responsibilities: Financial planning is an ongoing process, not a one-time event. Proper implementation of a financial plan and periodic professional reviews are crucial to reaching your financial goals. We urge prompt attention. It is about your financial future.