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Let’s Create Your Financial Blueprint

Fialkow Financial Planning follows Garrett Planning Network's 7 Steps to Financial Success.


Step 1: Initial Inquiry


OUR RESPONSIBILITIES:

When you contact us, we will provide a brief description of services, philosophies, methodology, fee structure and our Form ADV Part 2. 

YOUR RESPONSIBILITIES:

You review our web site to learn more. If our services appear to fit your needs, you contact us to schedule a complimentary "Get Acquainted Meeting" in person or on the telephone.

Step 2: Complimentary Get Acquainted Meeting


OUR RESPONSIBILITIES:

We will meet with you for an initial session. It is an opportunity to exchange information about your needs and objectives, to discuss which services are right for you, and to provide you an estimate of the cost of our services. Remember, Fialkow Financial Planning does not accept commissions, and instead charges for services on an hourly, as-needed, or project basis. The purpose of this meeting is to see if we are a good fit for your needs. We will not provide any specific financial advice during this initial meeting. 

YOUR RESPONSIBILITIES:

At the conclusion of the meeting, decide if you will use our services. If you choose to use our services, we will define the engagement's scope together in writing. We will also provide a list of additional information that we will need to begin formulating your personal financial plan.

Step 3: Data Gathering & Initial Preparation


OUR RESPONSIBILITIES:

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

YOUR RESPONSIBILITIES:

You will need to gather the requested data and then possibly complete a secure online questionnaire and a risk tolerance questionnaire. This information will need to be returned to us well before our next meeting. You may either mail or upload (via a secure online portal).

Step 4: Interactive Goal Setting


OUR 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.

YOUR 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 


OUR RESPONSIBILITIES:

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

YOUR RESPONSIBILITIES:

The ball is in our court. All you have to do at this point is await your next meeting with us.

Step 6: Presentation of Your Financial Plan


OUR RESPONSIBILITIES:

We review with you your personal financial plan and specific recommendations. We discuss all reports and provide you with a written summary of our observations and specific recommendations.

YOUR RESPONSIBILITIES:

Congratulations! You now hold your personal blueprint custom designed to help you meet your financial goals. 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


OUR RESPONSIBILITIES:

Periodic update meetings and reviews are essential to maintain good personal financial health. We can schedule these periodic meetings with you at whatever frequency you think appropriate.

YOUR 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. It is important to monitor your financial health. You can engage us to update your financial plan annually, or when significant life events happen, to make any necessary adjustments. If you want ongoing assistance, we can meet more frequently.