"Planning should be the primary driver for lifetime success, otherwise it's just luck."
- Mark Byelich, CFP®
As a Certified Financial Planner ™ Practitioner, Mark Byelich must adhere to the Code of Ethics and Standards of Conduct put forth by the Certified Financial Planning Board of Standards. The Code of Ethics is listed below. Visit the CFP Board’s website to review the Code of Ethics and Standards of Conduct:
A CFP® professional must:
Why You Should Choose A CERTIFIED FINANCIAL PLANNER™ PRACTITIONER
The financial planning process is an in depth look at a client’s financial needs, goals and issues. The work done with the client and the planner sets the stage for the greatest possibility for the client to reach his or her financial goals in the near and long-term.
Following the Certified Financial Planning Board of Standards process, we help develop, implement and monitor a comprehensive strategy with a series of meetings and discussions where we analyze a client’s current situation, review their financial needs, goals and issues and outline specific steps to help the client achieve their goals.
Focusing on goals and objectives, investments, tax issues, insurance needs, wills and estates and retirement planning, we have developed an eight-week process that has helped our clients get the work that they need to get done to help them have confidence and clarity for their financial future.
Items addressed include:
This eight-week process is generally broken down into four 1 to 2-hour meetings held every two to three weeks. The meetings are scheduled ahead of time with a clear agenda that is developed by the planner and the client based on the client’s immediate needs and most pressing issues. While the focus areas of each meeting will change, depending on the needs of the client, a typical eight-week process looks like this:
Week 1-Meeting 1: Identify the client’s needs, goals and issues. Establish the client and planner relationship, identify and agree on responsibilities of each party.
Week 2: Gather information required for the analysis. Responsible Party: Planner (Primary) and Client
Week 3-Meeting 2: Review information supplied by the client to ensure mutual understanding and agreement among all parties. Re-affirm or re-establish priorities of needs, goals and issues.
Week 4: Identify potential issues, risks and develop solutions to meet objectives for the client’s immediate focus or issue. Responsible Party: Planner(Primary) and Client
Week 5-Meeting 3: Present findings for the client’s immediate focus or issue. Present strategies to fulfill needs, help achieve goals and address issues. Discuss implementation and monitoring of strategies. Responsible Party: Planner(Primary) and Client
Week 6 and 7: Identify potential issues, risks and develop solutions to meet objectives for the client’s secondary focus or issues. Coordinate with other professionals, i.e. CPA, Attorney, etc. Responsible Party: Planner(Primary) and Client
Week 8: Present findings for the client’s secondary focus or issues. Present strategies to fulfill needs, help achieve goals and address issues. Determine implementation and monitoring of strategies and responsibilities. Responsible Party: Planner(Primary) and Client
Meetings are best held in person but can be accommodated via web meeting or conference call. All material is available on-line via a secure personal financial website that can be accessed by the client 24 hours a day, 7 days per week.
For more financial planning resources, explore some of these other websites:
10 Questions to ask your CFP® ProfessionalHow To Start Planning with a CFP® ProfessionalWhat a CFP® Professional Can Do For You: Near RetirementWhat a CFP® Professional Can Do For You: Enjoying Retirement