Financial Planning Process
Our mission is to make a difference in clients’ lives by implementing sound strategies that can help generate more income in retirement allowing clients’ to focus on their goals and aspirations.
In order to help clients establish and pursue their financial goals, we have created a package of financial planning services designed to assist you with defining, planning for, and setting your financial goals.
Our Financial Planning Process Consists Of Six Critical Steps:
Step 1: Preliminary Financial Planning Meeting
Step 2: Financial Plan Engagement Meeting OR Implementation Meeting
Step 3: Data Gathering Meeting
Step 4: Financial Plan Presentation Meeting
Step 5: Implementation Meeting(s)
Step 6: Ongoing Tracking and Financial Plan Updates
Preliminary Planning Meeting
The Preliminary Planning Meeting is where you will obtain answers to your financial questions. For most Clients, the first and maybe second follow-up meeting is all that is needed for the time being. Ongoing meetings can occur when Clients have additional questions, or other needs. A Review Meeting every year or two years is typical thereafter.
Fees for Financial Plans, if recommended, are quoted at the end of the first meeting and are based on an estimate of the time involved and the complexity of your situation.
Financial Planning Steps 4 And 5
For some clients the scope of the engagement requires more comprehensive analysis. Following the orthodox Financial Planning process, a holistic approach focusing on all financial factors influencing client’s financial goals and objectives, we create customized and personally written Financial Plans containing 13 sections:
- Personal Data
- Goals & Objectives
- Issues & Problems
- Financial Statement Analysis
- Cash Flow
- Risk Management & Insurance
- Implementation Schedule
- Financial Independence
- Gift & Estate Analysis and Recommendations
Step 6: Ongoing Tracking And Financial Plan Updates
We are committed to providing you with ongoing comprehensive financial planning, continuous advice, management and reporting to clients.
To track your progress, you will receive regular financial planning reports including:
- Portfolio Report
- Cash Flow Projection
- Goals Report
- Estate Report
- Asset Allocation
- Personal Financial Statement
Your Source For Qualified Financial Planning
Your financial picture is complex and requires the knowledge of several different types of professional advisors. Some things we do not prepare are:
- Legal Documents
- Tax Returns
- Business Valuations And
- Business Brokerage Or Broker Real Estate
We coordinate with your own legal or tax advisors on these issues or will refer you to our team of outside professionals should you prefer. We have no affiliation with any allied professionals, nor are any referral fees paid or received by us.