Financial Planning Process
We design and implement a comprehensive financial strategy that will address all of your financial objectives. Our financial planning process involves holistically integrating the following elements:
In addition to the above, we consider variables such as family status, net worth, income level, life stage, career stage, as well as other circumstances like health issues, aging parents, special needs children, and so on.
- Retirement planning
- Estate planning
- Investment planning
- Tax planning
- Education planning
- Insurance planning
In addition to the above, we consider variables such as family status, net worth, income level, life stage, career stage, as well as other circumstances like health issues, aging parents, special needs children, and so on.
We design and implement a comprehensive financial strategy that will address all of your financial objectives.
1. Discover
- We work with you to help identify and articulate your most important goals.
- We gain an understanding of the relationships and values that matter most to you.
- We help you set goals in alignment with people and values that matter most to you.
- We gather relevant financial and non-financial information and data.
2. Analyze
- We analyze and evaluate your current financial status.
- We review information such as:
Insurance contracts
Tax returns
Estate planning documents
Employee benefit documents
Amounts and types of your assets
Amounts and types of your debt
Amounts and types of your income
The value of your business
Other pertinent information
3. Plan
- We quantify the gap between where you are now and where you want to go (goals).
- We develop a detailed financial plan to help close the gap between your goals and your current resources.
- Your financial plan is designed to give you a most favorable chance to help achieve your goals.
4. Implement
- We help implement your financial plan.
- The implementation process may take several weeks to several months.
5. Monitor
- We monitor your financial plan to make sure it's on track and give you a favorable chance to achieve your goals.
- We may adjust your financial plan as things change in your life like a birth of a child, sale of your business, etc.
- We identify opportunities that may improve your financial situation.
- We identify issues and problems before they become acute.
- We may also adjust your financial plan as needed with external events like changes in the tax code.
Comprehensive financial planning is often a complex, multi-layered endeavor that requires expertise in other disciplines like law, tax, insurance, accounting, banking, and others. As such, we collaborate with experts in various disciplines as necessary and coordinate the activities of these advisors. We do not provide legal, accounting or tax advice. You should always consult your tax or legal advisors before taking any action that may have tax consequences.