A strong planning process is an effective way to create a strong, flexible financial plan.
A transparent, effective planning process is based on two key aspects of financial planning: preservation and access to funds when needed. A plan must manage liquidity, to allow its owner to access funds when needed. It must also take into account key stages of life. This can include preparing for events such as retirement, death, and in the event of disability and/or critical illness.
With these goals in mind, the first step in building a comprehensive plan is to assess total financial planning needs. This involves a consideration of important milestones such as retirement, insurance, major purchases and educational costs, as well as ongoing financial management strategies. Once these factors are identified, the client is prepared to choose the products and services that best address his or her needs.
This goal-based financial planning approach is designed to help:
- Define customized short- and long-term goals that address only the right financial products and services are chosen
- Identify roadblocks or gaps that might impact the financial planning strategy
- Continually monitor the plan to work towards any changing needs and circumstances
Contact us today to find out more about my financial planning process and learn how a comprehensive financial plan can help you pursue your goals.
*Financial Planning offered through LPL Financial, a Registered Investment Advisor.
Wealth Management Philosophy
Our dynamic total wealth management approach is customized to address your unique financial needs and objectives. We follow a comprehensive five step process designed to determine the optimal approach to managing your assets.
|Discover||Understanding your personal, professional and financial life goals|
|Educate||Discuss the risk/reward characteristics of different assets classes and their contribution to the overall portfolio asset allocation|
|Recommend||The optimal blend of investment vehicles to pursue your goals|
|Implement||The investment methodologies employed to construct your portfolio|
|Monitor||Regular reviews of the portfolio’s performance|