What information is supplied by the client?
As described in step two of the financial planning process, gathering client data, requires the clients to retrieve extensive information about them including: • Quantitative Data: • Family profile • Assets and Liabilities • Cash inflows and outflows • Credit card statements • Checking and saving account statements • Insurance policy information • Employee benefits and pension plan information • Tax returns • Wills and Trusts • Life time gifting programs • Investment statements • Retirement statements • Qualitative Data: • Goals and objectives (dreams and desires) • Health status • Interests and hobbies • Retirement expectations • Risk tolerance • Lifestyle changes Some of this information is compiled through the completion of the confidential financial planning questionnaire. It will take significant effort on the client’s part to accurately complete the planning questionnaire. Without accurate information the planner will not be able to see an accurate financial picture of the client
