Our detail-oriented approach helps ensure nothing is overlooked when it comes to your financial security. We take the following steps to help you prepare for the future.
Step #1 — Understand
Who are you and what do you want to accomplish?
We believe in the importance of building long-term relationships with clients. To begin the process, we have multiple conversations to get to know you, your goals for the future, your financial situation and any challenges you may face on the road toward achieving your dreams. This helps us develop a plan based on what is most important to you.
In our initial conversations, our goal is to understand:
Your family situation and the people who are most important to you
Your goals and dreams for the future
What organizations and activities you’re most passionate about
Your current personal situation – health, family, hobbies, etc.
Your current financial situation – assets and liabilities, income sources, tax situation, real estate and personal property, investment allocation, etc.
Your current employment situation – self-employed, business owner, corporate executive, just starting out, nearing retirement, etc.
Any current strategies in place to generate income from your savings
Any challenges or concerns that may interfere with accomplishing your long-term goals
Step #2 — Assess
Where are you on the path toward achieving your goals? What services and support do you need to help you along the way?
Once we understand who you are and what you wish to accomplish, we conduct a thorough analysis of your current finances, account types, asset allocation, tax liabilities, debt obligations, monthly cash flow and more.
Through this evaluation, we begin to identify what services and support you may need to help accomplish your goals. We enlist the support of our in-house professionals to determine how we can best support you going forward.
Based on your specific goals, we also identify opportunities to help reduce your taxes, enhance your investment performance, save more for retirement, plan for major purchases, leave a legacy for heirs and more.
Step #3 — Develop
What specific strategies can improve your financial outlook?
Once we have conducted a detailed analysis of your current financial situation and gained an understanding of your future goals, we begin developing a custom financial plan to help meet your needs. This plan includes our specific recommendations to help protect and grow your assets, enhance your savings efforts, reduce your tax liability and plan for future expenses.
We take a comprehensive approach to building your financial plan. While we recognize that investments play a key role in ensuring the success of our planning efforts, they are only one piece of a much larger puzzle. That is why our recommendations include not only asset allocation but also a wide range of strategies to help you achieve your life goals.
Once we have drafted your financial plan, we meet with you to discuss our recommendations and make any adjustments necessary based on your feedback.
Step #4 — Implement
Putting your plan into action.
Once you’re comfortable with your financial plan, we take the lead in implementing it. We help coordinate the asset transfer process, initiate new account paperwork, update beneficiaries and reallocate your investments to help ensure a seamless transition. As your partner, we’re available when you need us to answer any questions that may arise throughout the process.
Step #5 — Monitor
Making sure your finances evolve alongside your life and goals.
While some financial professionals take a “set-it-and-forget-it” approach to wealth management, we view your financial plan as a constantly evolving document that must be revisited on a regular basis to help ensure it continues to meet the needs of your changing life and goals. We make adjustments as necessary to give you the most suitable chance of achieving your objectives, even as they change over time.
We meet with you at least annually to update your plan, revisit your goals and conduct a performance review. We also meet with you anytime big life changes impact your plan. And, we’re always available to answer your questions and address any concerns.