IFWA Coaching Process

Every IFWA coach follows a collaborative and confidential six-step process based on each individual’s unique set of financial circumstances, needs, and goals.  All IFWA Coaches are vetted, certified, and licensed and have extensive experience in guiding clients through this proven and effective process.   We encourage you to review the annotated outline of the IFWA six-step process below so you know what to expect before you get started.

&#160;<b>THE SIX&#8211;STEP PROCESS</b>


  1. Establish the Coach-Client Relationship
  2. Gather Information and Set Goals
  3. Analyze Client’s Current Situation
  4. Design Strategy and Discuss Options
  5. Implement the Strategy
  6. Monitor and Review Progress

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Establish the Coach-Client Relationship

The first step involves deciding whether you and your prospective coach are a good fit. In your introductory meeting, which can be held on the phone, via video, or in person, the coach will ask you to share both the details of your current financial situation and where you’d like to be financially in the short, middle, and longer term.  You can talk about your financial concerns and challenges, your personal goals, your dreams, and anything else you consider relevant to your financial life.  Your coach will then explain how you would work to together, what you can expect, what services are provided, and how coaches are compensated. Should you both decide you’re a good fit, a second meeting would be scheduled to move forward with the strategic planning process. 


Gather Information and Set Goals

Now that you and your coach have established your needs and expectations for the future, it’s time to start gathering information and setting specific goals. To that end, your coach will conduct a more in-depth confidential review of your current financial status that includes your assets, liabilities, income, expenses, and insurances.   Together you will discuss your most pressing financial concerns and how they affect your ability to achieve your goals and realize your dreams for the future. Your coach will help you formulate an ambitious but attainable set of goals that can serve as the foundation for a sound future plan.  

Analyze Client’s Current Situation

Your coach will now analyze the information you’ve provided and use the resulting data and analytics to create a strategic plan suited to your needs. In certain situations, with your permission, your coach may ask to consult with some of your other trusted advisors like your accountant, attorney, or business manager. This additional input may be useful to the coach in creating a plan that will not only help you achieve your goals but enable you to overcome potential obstacles and challenges along the way.

Design Strategy and Discuss Options                                                                                               

At a second meeting your coach will share financial recommendations and solutions tailored to your situation and preferences.  Keep in mind there is never a “one size fits all” solution in the strategic planning process.  Instead, your coach will suggest several different strategies you can consider, question, and discuss before settling on the approach most beneficial for you. This discussion will give your coach the critical personal feedback needed to properly design your custom plan and a financial road map for the future.


Implement the Strategy

At last, the moment has arrived to put your plan into action.  Your coach will work with you to execute your plan, keeping your short, middle, and longer-term goals in mind.  This might involve prioritizing certain elements of the plan, starting with just one element, or putting several elements into action at once. Regardless of how the process starts, your coach will be attentive to the pace that’s both most comfortable for you and gives you the most confidence.


Monitor and Review Progress

Your relationship with your coach will continue long after you put your plan in motion.  Because every plan needs to be adjusted accordingly, your coach will schedule periodic meetings to check in with you all along the way.  Regardless of what you’re experiencing, your coach and IFWA will provide support through an open line of communication, welcoming your questions, concerns, and news of life situations that present you with new challenges or opportunities.

Have questions about our one-on-one coaching program?

Learn More At Our Coaching FAQ Page

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