Step 1: Clients first learn how the process works and what information will be required to create a fully integrated, customized financial plan specifically for them.
Step 2: We then review the client’s financial situation, we begin to define goals and objectives, establish investment time horizons and assess risk tolerance. We chart the steps necessary to fulfill the plan. This usually involves analyzing retirement and family needs; quantifying assets, liabilities and cash flows; and defining investment, tax and insurance strategies.
Step 3: Next, clients receive a written plan that describes their entire financial Situation. The plan includes recommendations for strategic use of 401ks, IRAs, Roths, college savings plans, and insurance. Estate planning strategies are also addressed and advised.
Step 4: Once the plan is approved by the client, we lead its implementation. We encourage client involvement, which will vary based on individual preferences and needs.
Ongoing: Our team continually monitor client investments and make changes as required. Financial plans are periodically reviewed. We measure performance and track returns against client goals and market benchmarks.