Financial Planning
While clients are welcome to simply purchase products, more and more of our client base is appreciating the benefit of our financial planning approach.
Our financial planning approach is a proven, consistent process that helps young couples, growing families, people approaching retirement and pensioners make the most of their financial resources. Our approach provides customized solutions help each client achieve what’s important to them.
By reviewing your full financial picture, we find that we can:
- Save you money in various areas like your loans and mortgage, taxes, and insurance costs to create more opportunity to create wealth.
- Make you more money by applying your financial resources more effectively by using innovative products, proven strategies and some of the best money managers in the world to make the most of your investments.
- Save you time by simplifying and automating your financial plan knowing an experienced, qualified advisor is keeping watch on your progress.
The financial planning process can be very similar among financial advisors. We prefer to put the steps in a context our clients understand:
What’s important to you?
This is where we learn about what people, causes and goals are important to you and what you want your money to do for you. This is also the point where we determine if we’re a good fit for you and your financial planning needs.
What resources do you have to work with to achieve what’s important to you?
This is about gathering information on what you have, what you earn and your lifestyle so we can understand your current situation and opportunities to save you money. As well as information you’ll bring with you, we’ll complete a financial planning worksheet and a risk tolerance review together.
We’ll also discuss which goals are your priorities so we can start coming up with potential solutions.
Providing ideas to consider for your plan.
After analyzing the information we’ve gathered, I’ll describe some potential solutions and we’ll discuss strategies and products that may be appropriate for your situation.
We’re also going to discuss how to “crash test” your financial plan and protect your family against the “what ifs” that can happen in life.
At this point, we’re narrowing down a course of action to help you save money, make more money and save you time!
Formalizing your financial plan.
Now that we’ve decided how we’re going to achieve what’s important to you with strategies and products that fit your situation, it’s time to determine how to proceed and put the plan on paper. We’ll also discuss how we’ll measure the success of your financial plan so we know whether we’re achieving what’s important to you or need to adjust along the way.
After discussion and agreement on what we want to do and when it should be done, it’s time to…..
Put your plan into action.
At this point, we’re executing your financial plan by completing applications and putting the products in place to fulfill the strategies we decided upon that will help you create wealth and protect your family and financial plans for the future.
Monitoring your plan, keeping in touch and adjusting to change.
During the first year of a new plan, we’ll be in regular contact as products and strategies are put into place. Even after your plan is running smoothly, we’ll keep in touch as pertinent new products and ideas are launched.
We’ll formally meet each year to adjust your plan in light of results, updated financial information and any changes to what’s important to you. Of course, if a significant life event occurs, we may need to get together more often to adjust your plan.
Your financial plan will continuously evolve around new and different circumstances in your life. And we'll be right there - "Working with you, for you!"
