The First Three Steps of the Financial Planning Process
CFP Board’s Code of Ethics and Standards of Conduct (“Code and Standards”), provides detailed requirements for the Financial Planning process, and increases the number of steps in the Financial Planning process from six to seven. Watch this video for an overview of the first three steps:
- Understand the client’s personal and financial circumstances
- Identify and select goals
- Analyze the client’s current course of action
Access More Guidance Materials
This compliance resource is part of a full library of resources that CFP® professionals can use to comply with the Code and Standards. More guidance materials can be found in our Compliance Resources Library.