Comprehensive Financial Planning
Our financial planning process involves about six different steps. Each completed initially and some on an ongoing basis (5 and 6) as your requirements are defined.
#1 - Introduction
Educate Client on different types of financial advisory services
Review Terms/Fees of working with a fee-based Investment Advisor
Disclose/review any conflicts of interest
Review/discuss scope of financial planning or investment management
Identify your necessity for services and confirm if expertise is a good match
#2 - Discovery
Sit down together and have you share about your journey in-depth and financial landscape
Ask you a range of questions around family, finances, work, legacy and goals/issues/risks
Identify your priorities in a financial plan and investment strategy
Revisit key issues or risks, quantitative and qualitative requirements and goals, timeline
Collaborate with you and your other key advisors (estate, tax, legal, management, etc)
#3 - Financial Strategy & Planning
Develop plan draft and gather additional input from client
Advisor reviews proposed financial plan and investment strategy recommendations with you
You provide additional feedback and clarification to confirm or adjust details in the plan
Assess feasibility to achieve and navigate your goals, resolve issues, and mitigate risks
#4 - Mutual Agreement & Implementation
Review plan details together, answer any questions, adjust as needed
Agree on approach and willingness to proceed to plan as outlined
Execute plan implementation
#5 - Quarterly or BI-ANNUAL Followup
Followup to review progress and make plan adjustments as needed
Provide ongoing monitoring and maintenance of investment accounts
We provide ongoing market analysis, commentary and insight
#6 - Ongoing Progress Meetings
Follow up with you to review progress and make plan adjustments as needed
Provide ongoing communication and support to your other key advisors