Each meeting in The Three Meeting Process™ has a detailed meeting plan which outlines the agenda for the meeting, and items to prepare, including The Five Critical Reports™ (Login to Module 8 to view).

Along with these five, you will see other proposed documents to prepare for each meeting.  You may replace those with documents you utilize (full instructions on how to create the documents listed (including template downloads and audio and video screencast lessons) are available on The TrustedAdvisorToolkit.com™ turn-key practice management operating system, described in the last section of this module).
 
Once The Five Critical Reports™ are created for your Ideal Client, the next report to create (or implement from The Trusted Advisor Toolkit™) are reports measuring progress bench-marked against the goals your client has established on The Financial Road Map®.

Following implementation of the Five Critical Reports, The Sixth Critical Report would be Progress Reports.

In Values-Based Financial Planning™, these progress reports are not:

• Investment Performance Reports
• Benchmarks against indexes or the markets
• Financial Market Outlooks, projections or analyses

The Financial Road Map® itself is a progress report since the All The Money Section should always be updated onto a new road map prepared for every client progress meeting and given to each client when they leave the meeting (it's their road map, after all).  If you provide a record of the values from every road map presented to them at every past meeting (reporting for them the three archived numbers (Debt, Cash Reserves and Growth Assets) from the All The Money Section of their past road maps), that could also be a useful Progress Report.

Along with other simple Progress Reports, you should provide these three additional reports:

1. Progress Since The Last Meeting
A simple, one-page Progress Report showing two values (in dollars):

1. The value of growth assets reported at the last routine progress meeting (four months ago)
2. The value of growth assets now (reported at the time of this meeting with a reasonable cutoff date prior to the meeting)

2. Progress Since Inception
A simple, one-page Progress Report showing two values (in dollars):

1. The value of growth assets at the inception of your client's relationship with you
2. The value of growth assets now (reported at the time of this meeting with a reasonable cutoff date prior to the meeting)

3. Goal Progress Report
A simple, one-page Progress Report showing two values (in dollars):

1. The value of growth assets now (reported at the time of this meeting with a reasonable cutoff date prior to the meeting)
2. The total dollars needed to accomplish every goal on The Financial Road Map®

Progress reports are ordinarily created by the Financial Planning Subject Matter Expert and provided to the Administrative Manager prior to, and in preparation for, every Dry-Run Prep Meeting™.  In some organizations, the Administrative Manager produces the Progress Reports with all numbers representing amounts needed to fund goals, or income streams, provided by the financial planning Subject Matter Expert.