Our Process

Interact with our process graphic to understand how we work together with our clients to develop a relationship and financial plan that suits your needs.
 
 
 

Our Process

Steps in the Planning Process

  1. “Get to Know You” Meeting
    • Planner Actions – Explains the nature of financial planning services offered; reviews engagement documents and discusses relationship to other client advisors if necessary.
    • Client Actions – Outlines family objectives and goals. Decides to proceed by signing engagement agreements
  2. Data Gathering
    • Planner Actions – Provides with a checklist of required documents and forms for providing relevant data. Compiles data from client.
    • Client Actions – Gather documents and statements along with completes data gathering forms as best as possible.
  3. Analysis
    • Planner Actions – Reviews & Analyzes client’s total financial position. Identifies both financial and personal goals, objectives and potential financial short falls. Assesses client’s risk/reward profile and evaluates asset disposition, cash flow and current investments. Reviews risk management, tax managements, estate planning and realism of goals and objectives.
    • Client Actions – Respond to planner questions and provide additional info if needed.
  4. Plan Formulation
    • Planner Actions – Develops & Prepares Financial Plan with assistance from other advisors and consultants as required. Reviews alternatives, strategies and investment vehicles. Formulates recommendations to achieve objectives consistent with client resources and attitudes.
    • Client Actions – Provides feedback to allow planner to fine-tune the plan
  5. Plan Presentation
    • Planner Actions – Presents Financial Plan with specific implementation recommendations and target completion schedule. A holistic view of your current financial standing and current trajectory for accomplishing objectives is provided.
    • Client Actions – Digests and Approves Plan with any agreed upon modifications. Engages and authorizes planner to proceed with implementation.
  6. 6- Month Review/Follow-Up Meeting
    • Planner Actions – Checks progress of plan implementation
    • Client Actions – Provides feedback to planner and sees what has been accomplished.
  7. Plan Review & Revision
    • Planner Actions – Notifies Client of need for plan update and conversation. A new year poses a new set of planning objectives to discuss as no two years are identical.
    • Client Actions – Advises planner to changes impacting financial status. Provides updated data and tax returns to aid in the preparation of the updated financial plan.