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The second pillar: Planning Strategy


“You’ve got to be careful if you don’t know where you’re going, ’cause you might not get there.”


Yogi Berra

It begins with a clear understanding of where you are today, how you got there and where you’re going. You’ll find we understand the range of important financial needs and responsibilities that come with financial success.

An understanding of your current financial situation and how you achieved it is essential in order to plan for what the next five, 10 or 20-plus years may bring. A well-defined planning strategy brings clarity and confidence, replacing the apprehension and uncertainty caused by the unknown.

When your planning strategy is coordinated with your accountant, attorney and other important advisors and overseen with structured and consistent communication, your financial plan becomes a critical living document used to evaluate progress and better answer the all-important financial question: ”How am I doing?”

Our Planning Process

1: Introduction
Our initial visit provides an opportunity for us to get to know you, by reviewing your interests, background, beliefs and financial goals, while you gain an understanding of our firm. We’ll share our customized client welcome process, investment management and planning philosophy and also introduce you to our areas of expertise, client services and resources.

2: Review and Clarify
Our planning process serves to replace the apprehension and uncertainty that can come from the absence of a well-constructed financial plan. This is why we ask that you share information about yourself. To help you provide this information in the most efficient manner, we’ll assist you with the completion of our straightforward questionnaires, working closely with you to provide the detailed information required to begin your customized plan.

We’ll then use the data you provide to prepare your financial statements that will offer insights into your current situation. Of course, as with all communications with our firm, your input will be kept completely confidential.

3: Customize
At this stage, we’ll be ready to discuss your needs in greater detail and we’ll review your customized recommendations. The most important part of this step in the process is to confirm your goals and concerns, and to reflect on any necessary adjustments within the assessment of the information you have provided that will build the framework for your financial plan. This stage will also include an outline of our philosophies, legal and regulatory information, and costs involved with moving forward with your financial plan as well as a detailed overview of our recommendations. If we decide to move forward, we’ll formalize our relationship with a contract that details the agreed upon services in writing.

4. Build
Once we have established your financial objectives and outlined your strategy, we then work closely with you to develop and build your financial plan. Your financial plan will include a statement of goals and concerns, cash flow and tax planning analysis, retirement funding analysis, investment management objectives and estate planning considerations, as well as risk management and insurance analysis. Also included will be any unique concerns to be addressed within your plan.

5. Implement
Working as necessary with your other professional advisors, such as your accountant and attorney, we will implement the various aspects of your plan.

Monitor
Financial planning is not a one-time event but an ongoing process, reflecting the evolution of your goals and financial objectives over time. We’ll not only diligently manage your investments, but monitor all aspects of your plan to ensure that it remains relevant and you remain on track.

Your plan is built around your life, which means it will reflect a personalized approach to financial planning and portfolio design to ensure your plan is positioned to serve your priorities as life unfolds. This means when a change in your plan is warranted, you’ll be hearing from us to discuss options and recommendations. Our client service model is built on communication and keeping us informed of any updates and changes that may need to be reflected within your plan.

NEXT: See the third pillar: Our Process

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