Developing a Complete Financial Strategy
Review and Analysis of Your Financial Situation
Comprehensive financial planning is the complete approach to addressing our client’s entire financial lives.
This includes cash flow analysis, retirement planning, risk management, investment management, tax management and estate planning.
Financial planning process:
Define your objectives
Analyze your present situation
Develop your plan
Implement your strategy
Monitor your results
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It is only through comprehensive analysis that your true financial condition can be determined and the proper plan recommended. Any financial advisor or planner providing recommendations without addressing all of these aspects for you or your business will most likely result in unsuitable recommendations.
Comprehensive Financial Planning Process
Define your objectives
Get a clear understanding of your current situation and where you want to be. Your objectives will determine the specific strategies, tactics, and financial instruments required to address some of the specific components of a comprehensive financial plan. These may include retirement planning, education funding, estate planning, debt structure, tax minimization and protection of assets and income.
Analyze your present situation
Analysis of your present situation will help determine whether or not you are on target to meet your objectives. The accurate integration of quantitative information as it relates to clearly defined objectives, concerns, risk tolerance and available resources will uncover any existing shortfalls or surpluses. We then present options and alternatives that provide us to develop a more effective, accurate, and attainable comprehensive plan.
Develop your plan
Once we identify the options and strategies best suited to meet your goals, we review the benefits and potential risks associated with each so you have a clear understanding of the differences associated with each plan. We then refine the options to develop a customized plan that best meets your needs.
Implement your strategy
Once the investment strategy is defined, we walk through every step in the evaluation and selection of the financial institutions and the myriad of banking, insurance, and investment vehicles offered in today’s market.
Monitor your results
Over time circumstances may change in areas such as work, marriage, education, health and retirement planning. Additionally, economic conditions may require us to revisit the initial plan. We encourage regular consultations to discuss changes and make any needed adjustments to the plan. Meetings are regularly scheduled and on an as-needed basis. We provide continuous education for clients on applicable tax strategies, investment alternatives and financial planning concepts via statements, portfolio performance, quarterly newsletters and other market information.
