Traditional Wealth Planning
The foundation of all planning…
Traditional wealth planning is the foundation of all that we do. We follow a 4-step process to create a customized roadmap to pursuing your goals.
Step 1: Discovery
In this initial stage, we’ll discover and clarify your goals and review your financial situation. Buying a house, educating your children, saving for retirement – these are common goals at this stage. We gather your data through questionnaires, reviewing your financial documents and statements, discussions with your other advisors and our conversations with you.
Step: 2 Data Analysis
We’ll develop your customized financial plan based on our analysis of your assets, liabilities, your existing insurance and estate planning documents, all within the context of your individual goals and vision for the future. From these findings, we’ll look for ways to improve your current position and pursue your dreams.
Depending on your individual situation, your financial plan may include recommendations for investments, insurance needs, estate planning, education funding, retirement planning, stock option strategies, and tax planning among other areas.
While we may make specific product recommendations, we never earn any compensation from the sale of these products. We have been and always will be solely compensated by you, our client. We feel that this is critical to maintain our objectivity.
Step 3: Presentation
Once we have completed our analysis, we will schedule a meeting to present our recommendations to you. During this meeting, we will review the plan in detail and answer any questions or concerns you have regarding the plan.
Often, after discussing our recommended financial planning strategies with you at length, we will need to refine the plan with your feedback. We then follow-up with a personalized action plan.
Step 4: Implementation and Monitoring
We support you in the implementation of your plan. This may include referrals to insurance professionals, tax specialists and attorneys or working with your existing advisors.
Financial planning is a very fluid process. It is important to monitor your plan on a regular basis as your goals and risk tolerance may evolve and both market conditions and tax/estate laws often change.
We recommend reassessing your plan with us at least once a year.