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(i) Collecting information about the investors? assets, liabilities, income, spending
and cash flows.
(ii) Integrating these data into asset of financial projections.
(iii) Making assumptions and quantifying them about growth rates in income,
expenditure, cash flow, assets and liability values, and the tax environment.
(iv) Reviewing the originally projected outcomes and various what if scenarios that
may be affected by meaningful alterations in any of the key assumptions and
forecasts and;
(v) Periodically updating the inputs and output of the financial plan to reflect
changes in the investors? family and economic circumstances, the financial
market outlook, and tax
(vi) realities.
NatalieR answered the question on June 17, 2022 at 10:35
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