Fitzgerald Financial Partners is committed to following the six-step financial planning process established by the Certified Financial Planner Board of Standards, Inc. (CFP Board) ® . A step-by-step overview of the process follows:

1. Initial consultation
2. Data gathering and goal setting
3. Analysis of current situation relative to goals
4. Plan development and presentation
5. Implementation
6. Monitoring

1. Initial consultation
The initial consultation is designed to establish the planner-client relationship through a discussion of:
• The services provided and compensation structure
• Identifying planner and client responsibilities
• Defining or limiting the scope of the engagement
• Determining the timeframe of the engagement

2. Data gathering and goal setting
Through an interview process and questionnaire, we gather data regarding your current financial situation and goals. The data acquired in this step should provide us with enough information to do:

• A quantitative and qualitative overview of your current financial situation.
• Set specific goals and objectives that are prioritized (time frame) and quantified (measurable).

Examples of goals would be: capital needs analysis for retirement at a certain age, capital needs for children's future education expenses.

3. Analysis of current situation relative to goals
Your current financial situation will be analyzed to determine the adequacy of resources available to achieve your financial goals. We will determine if there is a short fall in your resources compared to your specific goals. This may include a review and evaluation of general financial status, special needs, insurance and risk management, investments, taxation, employee benefits, retirement, and/or estate planning. This may include the preparation of financial statements to include a cash flow and net worth statement.

4. Plan development and presentation
We will develop a financial plan providing a current and projected analysis of your financial situation which is consistent with the scope of the engagement agreed upon. Depending on the scope of the engagement, a presentation will be accomplished in one or more meetings, either in person on through a conference call or Webinar. Recommendations and/or strategies are presented which are tailored to your specific goals, values, financial strengths and weaknesses, needs and risk tolerances. Typically, during the initial "presentation meeting" we will present a "draft" plan and discuss the recommendations and an action list that would be necessary to implement the recommendations. The plan is considered to be a "draft" to provide you the opportunity to review the assumptions used in its development. Based upon the discussion in this meeting, plan assumptions may be changed and additional scenarios analyzed. If an additional "presentation meeting" is required, the final plan recommendations and action list will be presented and discussed.

5. Implementation
You will be provided a list of prioritized implementation steps and their required timing. Implementation may also include coordinating with other professionals for areas in which Fitzgerald Financial Partners does not provide services or products recommended in your plan. Depending on the scope of services provided in the engagement, this may include professionals that can assist you with insurance, mortgage financing, income taxes, and/or estate planning documents. Our goal is to work with your existing advisors or to introduce you to competent advisors to help you develop and implement strategies that are coordinated to achieve maximum effectiveness for your overall plan. If you do not have an advisor in a certain planning area, we will refer you to other professionals that we have developed relationships with.

6. Monitoring
Monitoring the plan includes a periodic review to assess whether the recommendations and/or strategies are effective, as well as to consider the impact of changes in your personal or economic situation. Reviews generally should occur at least once per year, unless your situation has changed. (i.e., new child, new home, new job, spending more than $15 thousand, please contact us to determine if there is a better way to transact the deal).