Customizing your FINANCIAL PLAN

No two clients are exactly alike, so naturally neither are the plans we build for them. Each involves knowing what an individual client wants to accomplish, personalizing a plan designed to achieve it, then pursuing the specific goals according to plan.

To build such a plan, we follow a comprehensive process developed by the Certified Financial Planner Board of Standards. It is designed to help us develop a true sense of who you are and what you expect, so that we can build a unique strategy to see you through the saving, growth and, ultimately, the careful distribution of your retirement income.

Establishing and defining our relationship

We clearly explain and document the services we will be providing to you and define both our and your responsibilities. This first step also includes a discussion of how we will be compensated, how long our professional relationship should last and how decisions will be made.

Gathering information, including your goals

We assemble all information regarding your financial situation, mutually define your personal and financial goals, understand your time frame for results and discuss your tolerance level for risk. This is vital information we need before moving forward.

Analyzing and evaluating your financial status

We analyze this information to assess your current situation and determine what action is required to meet your goals. This step may include analyzing your assets, liabilities, cash flow, insurance coverage, investments and tax strategies.

Developing and presenting financial plan recommendations

We offer financial planning recommendations that address your goals, based on the information you provided. We review the recommendations with you and help you understand them, so you can make informed decisions. We carefully listen to your questions and concerns and revise our recommendations, as appropriate.

Implementing the financial plan

Once the financial plan meets with your approval, we carry out our recommendations, coordinating the process with you and, when appropriate, other professional advisors, such as your accountant or attorney.

Monitoring the financial plan

With your authorization, we will monitor the progress toward your goals and report to you periodically, review your situation and adjust the plan, if needed, as your life changes. In addition to regularly communicating with you, we’ll typically meet with you in person twice a year, or more if there are life events that require revisions to your plan.