What to expect when planning with us:
Our planning process is built around the six-step Certified Financial Planner™ practice standards, with a few enhancements of our own. And no matter the scope of our engagement, you will be guided through the entire process, from building to implementing your custom-crafted financial plan.
Step 1: Establish Relationship
We begin with a complimentary discussion regarding what you would like to accomplish (goals and concerns). Afterwards, we’ll discuss if we can help, the services we provide and the estimated time frames and associated costs. If we both agree, then you sign our client agreement which says that we now serve you in a fiduciary capacity and spells out the details, expectations, and deliverables of our relationship.
Step 2: Gather Data and Develop Goals
Here we develop a picture of your current situation and where you want to go in the future. We begin with your goals (time frames, amounts, importance). In doing so, we transform what is typically a boring data-colletion process into a conversation about whats most important to you. We also gather information relevant to your goals and situation such as savings, incomes, insurance, investments, family members, risk tolerance, investment experiences, and concerns. The goal is to establish an accurate picture of your current situation and resources to serve as a baseline for future planning decisions.
Step 3: Analyze Your Situation
We consider all aspects of your situation to determine what you need to do to achieve your goals. And here we offer something unique, we will establish a baseline strategy to meet your goals, but we allow and encourage you to actively participate in fine-tuning the plan by comparing different options, trade-offs, and stress testing various concerns on the overall plan, instantly see how the changes you model affect the success of your plan. Our best-in-class, web-based planning tools allow you to participate in the planning process and thereby you will have a truly customized financial planning experience.
Step 4: Present Recommendations to You
Based on your customized plan, we provide specific recommendations in plain english so you can make informed decisions. At this point you may share any concerns you have with the recommendations so revisions can be made. We finalize recommendations.
Step 5: Set Your Course
Here we agree on how recommendations are to be carried out. We can then carry out the recommendations for you or serve as your coach, coordinating the process for you and other professionals. You are presented with a financial plan that explains in plain english your situation, your goals, recommendations to accomplish your objective, including next steps and assigning responsibility and time lines for completing tasks. It is at this point that you may hire us to implement and manage any investment recommendations required.
Step 6: Benchmark Your Progress Against the financial goals you established
as you work toward your goals , you and your advisor need to decide who monitors your progress so you stay on track. if the advisor is in charge he or she will check in on at least an annual basis (what ever works for you), reviewing your situation and making any necessary adjustments to your plan.