CFP® Board of Professional Conduct Lists the Following 7 Steps to the Financial Planning Process:

Handshake Circle

Understanding the Client’s Personal and Financial Circumstances

Gather

Identifying and Selecting Goals

Monitor

Analyzing the Client’s Current Course of Action and Potential Alternative Course(s) of Action

Analyze

Developing the Financial Planning Recommendation(s)

Develop

Presenting the Financial Planning Recommendation(s)

Implement
Monitor

Implementing the Financial Planning Recommendation(s)

Monitoring Progress and Updating Goals/Recommendation(s)