Financial Planning

Your Security Financial Services & Investment Corp. planner will:

• Explain issues and concepts related to the overall financial planning process that are most appropriate to you.
• Explain the financial services and products he or she will provide and the process of planning and documentation.
• Clarify your responsibilities as the client.
• Clarify his or her responsibilities as your financial planner. This would include a discussion about how and by whom he or she will be compensated.

You and your planner will:  Discuss the scope of the client/planner engagement. Agree on the logistics as to how decisions will be made.

Your planner will:

• Obtain information about your financial resources and obligations through interviews or questionnaires.
• Gather all the necessary documents before giving you the advice you need.

Both you and your planner will:

• Define your personal and financial goals, needs and priorities.
• Investigate your values, preferences, financial outlook and desired results as they relate to your financial goals, needs and priorities.

Your planner will:

• Analyze your information to assess your current situation (cash flow, net worth, tax projections, etc.).
• Identify any problem areas or opportunities with respect to your:
• Capital needs
• Risk management needs and coverage
• Investments
• Taxation
• Retirement planning
• Employee benefits
• Estate planning
• Special needs (i.e. adult dependent needs, education needs, etc.)

Your planner will:

• Develop and prepare a financial plan tailored to meet your goals and objectives, values, temperament and risk tolerance, while providing projections and recommendations.
• Present the plan to you and establish an appropriate review cycle.

Both you and your planner should:

• Work together to ensure that the plan meets your goals and objectives.

Your planner will:

• Assist you in implementing the recommendations discussed if you want. This may involve coordinating contacts with other professionals such as investment funds sales representatives, accountants, insurance agents and lawyers.

Both you and your planner should: Agree on who will monitor and evaluate whether your plan is helping you progress toward your goals.

If your planner is in charge of the process, your planner will: Contact you to review the progress of the plan periodically and make adjustments to the recommendations required to help you achieve your goals.

This review includes:

• Discussion about changes in your personal circumstances and how they might affect your goals.
• Review and evaluation of the impact of changing tax laws and economic circumstances.
• A review of your life circumstances and an adjustment of the recommendations if needed as those circumstances change through life events such as birth, illness, marriage, retirement, etc.