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There are thousands of financial planners you could do business with. You should understand their process, how they manage your financial planning needs, and what their investment philosophy is before making a final decision. There is a chance, if you choose the right advisor, it could be a relationship that lasts decades.  Why not make sure their beliefs align with yours upfront?

The “Get to Know You” Phase

This starts with a 15-minute phone call.  It’s nothing more than getting to know each other and determining if it makes sense to continue our conversation. If we decide it makes sense to continue the conversation, we will have a mutual discovery meeting.  During this time, we will discuss your needs and the services we offer. If after our second conversation we decide your needs and our services align, we will start the onboarding process.

The Onboarding Process

In our first meeting together, we will discuss what matters most to you. I want to know your goals and priorities so can customize a financial plan for you. I also want to hear what your expectations are for us. I’ll tell you about myself, our commitment to serving you, and what to expect in the next meeting.

In our second meeting, we will discuss and set expectations, review our investment process, and reaffirm our commitment to your financial goals. Based on our previous meeting, we will define our strategy around the objective of accomplishing your goals. Once we implement your strategy, we want to make sure you have access to all the online services you may need. We will walk you through and get you access to your client portal, show you cash management tools, and help set your online system preferences.

Ongoing Process

Our Process is the monitoring strategy we use to help cover the many aspects of your financial well-being throughout the year. We’ve designed this strategy to comprehensively review your financial health during applicable times of the year and in a manageable workflow.

Jan – Mar: Financial Planning

We will establish or revisit the goals we had previously discussed. We’ll track the progress of your goals and identify any changes that should be made. We will review your investments and the performance of the assets held with us and at your place of employment. Lastly, we will re-evaluate your tolerance for risk and make sure your investments still align with your risk appetite.

Apr – Jun: Estate & Legacy Planning

During this quarter, we will review your estate plan. We will discuss any changes since your last update and verify the key individuals know how to access these documents. If you have not established an estate plan, we can recommend an estate attorney to you. If you already have a relationship, we are happy to work with them as well. Either way, I will reach out to your attorney at least once a year, with your permission, to make sure all parties are on the same page.

Jul – Sep: Risk Management & Asset Protection

We will review your individually owned insurances. These will be; life, health, short and long-term disability, long-term care, property & casualty, disability, and any other insurances you have. We’ll also review your company provided benefits, if applicable. Finally, we’ll readdress your risk tolerance to make sure your it hasn’t changed.

Oct – Dec: Tax & Income Planning

In the last quarter of the year, we will look at your prior-year tax return and have a conversation with your accountant. We will look at tax-saving strategies for the current year and discuss the following year’s saving location(s). We’ll review the contribution and/or distribution strategies and estate and gift taxes if applicable. Lastly, we will discuss any additional tax planning strategies or needs for the coming years.