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...It is more than a document.
...It is a process
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ongoing... -
monitored... -
revised when ...
FINANCIAL PLANNING PROCESS
We ask those who are interested in learning more about our services to answer some questions about their current situation and to share some personal information about their goals. Click here to get a copy of the Questionnaire.
Once we receive the questionnaire, we will call to schedule a meeting at a time that is convenient for you.
A meeting to get acquainted, to review your questionnaire, and to tell you more about us and our services. You will receive a copy of our ADV Part II and an Agreement that outlines in detail our services and your responsibilities and a quote for our fee.
Once you sign the Agreement and return it to us with your first payment, this is what you can expect to experience during the financial planning process:
You will get your first homework assignment:
Expense Worksheet
Document Request Form
Assets and Liabilities Worksheet
After gathering pertinent documents and information, we present a snapshot of your current situation and give you a second homework assignment:
Dream Sheet
Values Clarification Worksheet
Education Planning Worksheet (if appropriate)
Auto Replacement Worksheet
At the next meeting, a goal setting session, designed to ensure that we understand thoroughly your past, present, and future plans as it relates to your career goals, life goals, and financial goals. We want to understand you well enough to be able to coach you through the vast array of financial decisions during your lifetime. This goal setting session includes an in-depth discussion of your present situation -- including assets, liabilities, income, expenses, potential income and estate taxes, plans for distribution of assets, existing trust agreements, wills, investments, insurance, personal and family obligations and fringe benefit programs. At this meeting, we also provide all the documents necessary to open accounts at Charles Schwab Institutional or National Advisors Trust. Homework:
Insurance Philosophy Worksheet
Property & Casualty Checklist
At Meeting 4, we develop an insurance philosophy, review and refine the snapshot. Homework:
Investment Questionnaire
You will determine your Investment Policy Statement at Meeting 5. This document gives us the direction we need to implement the investments for your plan.
A written plan which is tailored to each client's individual needs includes the following:
- Goals and Assumptions
- Cash Flow Analysis
- Income Tax Analysis
- Net Worth Statement
- Investment Analysis
- Risk Management Analysis
- Retirement Planning
- Estate Planning
After the comprehensive plan is completed, the implementation and asset management process begins.
Investments are reviewed on a regular basis. This review consists of evaluation of the performance of the client's investments, recommendations for any changes needed, and consideration of new opportunities available to the client at the time.
Annual tax planning sessions and plan reviews are scheduled at your convenience
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