1. Establish Financial Goals and Objectives: Your Financial Consultant will assist you in identifying your objectives. For example, you may be asked the following questions:
   
   
   • At what age and income level would you like to retire?
   • What level of income would you like to provide to your surviving spouse?
   • How would you like your estate to be distributed?
   
   
2. Gather Data: Information reviewed may include, for example, tax returns, brokerage statements, insurance policies, wills, trusts, estate planning documents, or business agreements. The more information that is available, the more accurate your financial plan will be.
   
   
3. Process and Analyze Information: Appropriate advisors will consider various alternatives to meet your objectives.
   
   
4. Adopt a Comprehensive Financial Plan: Illustrations and analyses showing you strategies to consider to meet your goals.
   
   
5. Implement the Plan: You choose to implement the strategies with which you feel comfortable.
   
   
6. Monitor the Plan: Periodically, you and your Financial Consultant will review your financial plan. Circumstances change and you may need to make revisions to your plan.

A comprehensive, written financial plan may protect you from several unfavorable situations. If you haven't gone through the process of developing a financial plan, your family may be inadequately protected in the event of a personal catastrophe such as disability, death, unemployment, serious illness, or other risks. You may not have allocated enough money for education or retirement. The estate settlement costs incurred upon the distribution of your estate may be higher than necessary. Most importantly, your own individual objectives may not be achieved.

View more information about Financial and Estate Planning Services available through Janney Montgomery Scott LLC.

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