Blog Posts, Financial Planning

Step 1 of the Financial Planning Process: Discovery

Everyone has a story and the objective of discovery is for us to learn yours. Discovery involves getting to know you—everything from your goals and dreams to your needs and concerns.

What Does Discovery Involve?

We start with the basics. We’ll ask about your family, details about where you work, and salary information, if applicable. Next, we’ll discuss your goals for retirement. Do you want to travel? Are you planning a home renovation? Are you looking to buy a second home? Are you looking to leave a legacy?

After that, we move on to financial information. This is where we’ll talk about your savings and expected income, such as social security or pension. We’ll also want to know about any mortgages or assets, such as your home or other properties. Importantly, we’ll have a conversation about risk. What does that mean? How do you feel when the market goes down? How have you reacted in the past? Has market volatility made you change your strategy?

What’s Next?

Next, we will use the information you have given us to begin to create your financial plan.

Subscribe below to our blog posts and you will receive “Step 2 of the Financial Planning Process: Analysis and Recommendations.”

Subscribe to our blog

By clicking submit, you agree to share your email address with the site owner and Mailchimp to receive notifications of new posts by email from the site owner. Use the unsubscribe link in those emails to opt out at any time.


If you have comments, please feel free to send us a message.

This article was written by Shoreline Financial Advisors. To learn more about us, please visit our website.

The information contained on this Website is not intended as, and shall not be understood or construed as, financial, tax, or professional advice. The information contained on this Website is not a substitute for any advice from a professional who is aware of the facts and circumstances of your individual situation.

We have done our best to ensure that the information provided on this Website and the resources available for download are accurate. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation.  Neither the Company nor any of its employees or owners shall be held liable or responsible for any errors or omissions on this website.

Leave a Reply