Financial Planning Process
To help you reach your specific life goals, we take a a six-step approach to find out more about you and develop a plan for turning your vision into reality.
1) DISCOVERY
Establish and define the client-financial professional relationship
- Get to know more about you and how we can help you
- Discussing your situation
- Establishing a pricing and fee schedule
- Introduce you to our philosophy, expertise, and capabilities
- Discuss your current savings and income levels
2) COLLECT
Gather client data, including goals and expectations
- Formalizing our working relationship
- Gathering appropriate financial data, objectives and risk tolerances
- Discussing and establishing goals, attitudes, views and concerns
- Discuss your expectations for saving and investing
- Perform comprehensive review of your personal financial profile
- Address any questions or concerns you may have
3) ANALYZE
Process and analyze information to determine financial needs
- Reviewing your data and assessing your status relative to goals, objectives and attitudes
- Analyzing and evaluating your current financial status
- Confirming and clarifying your data
- Preparing a preliminary financial plan
- Explore alternative ideas and refine recommendations as needed
4) DESIGN
Create a custom-built plan
- Presenting a final plan document
- Begin identifying solutions that fit your situation
- Determine which opportunities can help you reach your goals
- Develop a working plan document based on your input and our expertise
- Establish a formal action plan to move forward
5) IMPLEMENT
Set your plan in motion
- Reviewing and recommending specific financial products necessary to implement the financial plan
- Coordinate with your other professionals: CPA, attorney, insurance agent, etc.
- Discuss your level of comfort with the final plan and make any required changes
- Work together to implement the financial plan
6) REVIEW
Ongoing review and assessment
- Update your financial plan to keep current
- Take account of any changes to your financial situation
- Analyzing ongoing issues
- Making adjustments as your situation changes