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BOWSPRIT FINANCIAL SERVICES, INC.<br />Client name<br />Stree address<br />City, State Zip<br />Phone number<br />Email<br /> Beneficiaries<br />What is your goal for investing? Are you saving for a certain purpose such as retirement, education, a child’s education, or a “rainy day”? <br />When do you plan to use the money you are investing? <br />What is your monthly income and what are your obligations?<br />How much do you plan to contribute each month? <br />What is your age? <br />Are you willing to commit income to a retirement fund that will not be readily accessible until retirement?<br />Time Horizon<br />When will the money be used<br />Purpose<br />Rainy day, retirement, college, estate<br />Income<br />Amount, sources and stability of sources<br />Obligations<br />Money going out<br />Risk tolerance<br />How much are you willing to lose, worst case scenario?<br />Personal Life<br />How many children and ages<br />Own or rent your home?<br />Home Adress<br />Phone number<br />1. Establishing and Defining the Relationship with the Client<br />This includes explaining the issues and concepts related to the personal financial planning<br />process. You must specify the services you or your firm will provide and clarify the<br />client’s and your responsibilities.<br />2. Gathering Client Data Including Goals<br />Data gathering includes interviewing or questioning the client about various aspects of<br />his or her financial resources, obligations and expectations. During this process, you will<br />need to determine your client’s goals, needs and priorities; assess your client’s values<br />and attitudes; and determine the client’s time horizons and risk tolerance. In addition,<br />you will collect applicable client records and documents.<br />3. Analyzing and Evaluating the Client’s Current Financial Status<br />This process involves analyzing and evaluating client data such as current cash flow<br />needs, risk management, investments, taxes, retirement, employee benefits, estate<br />planning and/or special needs.<br />4. Developing and Presenting Financial Planning Recommendations and/or Alternatives<br />Financial planning recommendations should meet the goals and objectives of the client,<br />and reflect his or her values, situation and risk tolerance. This process includes<br />presenting and reviewing the recommendations with the client, working with the client<br />to ensure that the plan meets his or her goals and expectations, and revising the<br />recommendations as necessary.<br />5. Implementing the Financial Planning Recommendations<br />This is the process of helping the client put the financial planning recommendations<br />into action. This could include coordinating with other professionals, such as<br />accountants, attorneys, real estate agents, investment advisers, stock brokers and<br />insurance agents.<br />6. Monitoring the Financial Planning Recommendations<br />Areas to be monitored or reviewed include the soundness of the recommendations and<br />1All levels of supervision are acceptable if the chain of supervision eventually leads back to the planner.<br />2Must be directly responsible for information that is provided to the planner/client and have reasonable accountability for the client.<br />3Credit for teaching is limited to the instruction of CFP Board’s financial planning topic list in a CFP Board-Registered Program. Teaching<br />finance-related classes (for college credit) full-time at a university that does not have a CFP Board-Registered Program can be used to satisfy<br />up to two years of experience credit, but the third year of experience must be personal financial planning experience or teaching full-time at<br />a CFP Board-Registered Program.<br />4”Client” denotes a person who engages a practitioner and for whom professional services are rendered. Pro-bono experience is accepted as<br />long as (1) there is a client and (2) you are acting as a financial planning professional who is capable and qualified to offer objective,<br />integrated and comprehensive financial advice to, or for the benefit of, individuals to help them achieve their financial objectives using the<br />financial planning process.<br />Rev. 08/09<br />E X P E R I ENC E 3 1<br />the client’s progress. This process also involves discussing with the client any changes in<br />his or her personal circumstances, evaluating changing tax laws, and making<br />recommendations based on new or changing conditions.<br />
Client questionnaire
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Client questionnaire

  • 1. BOWSPRIT FINANCIAL SERVICES, INC.<br />Client name<br />Stree address<br />City, State Zip<br />Phone number<br />Email<br /> Beneficiaries<br />What is your goal for investing? Are you saving for a certain purpose such as retirement, education, a child’s education, or a “rainy day”? <br />When do you plan to use the money you are investing? <br />What is your monthly income and what are your obligations?<br />How much do you plan to contribute each month? <br />What is your age? <br />Are you willing to commit income to a retirement fund that will not be readily accessible until retirement?<br />Time Horizon<br />When will the money be used<br />Purpose<br />Rainy day, retirement, college, estate<br />Income<br />Amount, sources and stability of sources<br />Obligations<br />Money going out<br />Risk tolerance<br />How much are you willing to lose, worst case scenario?<br />Personal Life<br />How many children and ages<br />Own or rent your home?<br />Home Adress<br />Phone number<br />1. Establishing and Defining the Relationship with the Client<br />This includes explaining the issues and concepts related to the personal financial planning<br />process. You must specify the services you or your firm will provide and clarify the<br />client’s and your responsibilities.<br />2. Gathering Client Data Including Goals<br />Data gathering includes interviewing or questioning the client about various aspects of<br />his or her financial resources, obligations and expectations. During this process, you will<br />need to determine your client’s goals, needs and priorities; assess your client’s values<br />and attitudes; and determine the client’s time horizons and risk tolerance. In addition,<br />you will collect applicable client records and documents.<br />3. Analyzing and Evaluating the Client’s Current Financial Status<br />This process involves analyzing and evaluating client data such as current cash flow<br />needs, risk management, investments, taxes, retirement, employee benefits, estate<br />planning and/or special needs.<br />4. Developing and Presenting Financial Planning Recommendations and/or Alternatives<br />Financial planning recommendations should meet the goals and objectives of the client,<br />and reflect his or her values, situation and risk tolerance. This process includes<br />presenting and reviewing the recommendations with the client, working with the client<br />to ensure that the plan meets his or her goals and expectations, and revising the<br />recommendations as necessary.<br />5. Implementing the Financial Planning Recommendations<br />This is the process of helping the client put the financial planning recommendations<br />into action. This could include coordinating with other professionals, such as<br />accountants, attorneys, real estate agents, investment advisers, stock brokers and<br />insurance agents.<br />6. Monitoring the Financial Planning Recommendations<br />Areas to be monitored or reviewed include the soundness of the recommendations and<br />1All levels of supervision are acceptable if the chain of supervision eventually leads back to the planner.<br />2Must be directly responsible for information that is provided to the planner/client and have reasonable accountability for the client.<br />3Credit for teaching is limited to the instruction of CFP Board’s financial planning topic list in a CFP Board-Registered Program. Teaching<br />finance-related classes (for college credit) full-time at a university that does not have a CFP Board-Registered Program can be used to satisfy<br />up to two years of experience credit, but the third year of experience must be personal financial planning experience or teaching full-time at<br />a CFP Board-Registered Program.<br />4”Client” denotes a person who engages a practitioner and for whom professional services are rendered. Pro-bono experience is accepted as<br />long as (1) there is a client and (2) you are acting as a financial planning professional who is capable and qualified to offer objective,<br />integrated and comprehensive financial advice to, or for the benefit of, individuals to help them achieve their financial objectives using the<br />financial planning process.<br />Rev. 08/09<br />E X P E R I ENC E 3 1<br />the client’s progress. This process also involves discussing with the client any changes in<br />his or her personal circumstances, evaluating changing tax laws, and making<br />recommendations based on new or changing conditions.<br />