This sample letter addresses the creating or original development phase of a client’s personal financial plan. It involves considering the clients financial objectives and goals as well as their present and forecasted financial situation. The implementation phase is a separate engagement that will generally require a new engagement letter. The sample letter consists of the following sections:
Introduction
Description of the Engagement (2 options)
Responsibility
Other Service Providers (3 options)
Description of Fees (4 options)
Conflicts of Interest (2 options)