KB Financial Services cc - Financial Planning Process

Financial Planning Process

• Initial Meeting and Information gathering

    We will clearly explain or document the
    services to be provided to you and define
    both our and your responsibilities.
    We will explain in full how we will be paid
    and by whom. Together we will agree on
    how long the professional relationship
    should last and how decisions will be made.

• Identifying Personal Goals and objectives

    We will ask for information about your
    financial situation. Together we will mutually
    define your personal and financial goals,
    understand your time frame for results and
    discuss how you feel about risk. We will
    gather all necessary documents before
    giving you the advice you need.

• Financial Plan Presentation

    We analyse your information to access
    your current situation and determine what
    you must do to meet your goals.
    Depending on what services you have asked for, this could include analysing your assets,
    liabilities and cash flow, current insurance coverage, investments or tax strategies.
    We will then offer financial planning recommendations that address your goals, based on the
    information you provide. Together we will go over the recommendations with you to help you
    understand them so that you can make informed decisions. We will also then listen to your
    concerns and revise the recommendations as appropriate.

• Implementation of the Financial Plan

   With our help we will agree on how the recommendations will be carried out. We will then carry
   out the recommendations or serve as your "coach", co-ordinating the whole process with you
   and other professionals such as attorneys and legal teams ect.

• Regular Financial Plan Reviews (12 months)

    Together we will agree on who will monitor your progress towards your goals. If we are in
    charge of the process, we will report to you periodically to review your situation, and to adjust the
    recommendations, if needed, as your life changes.