The first role to any relationship is defining the scope of that relationship.  Our financial planners will clearly explain or document the services to be provided to you and define both our and your responsibilities. Our planners explain fully how we will be paid and by whom. You and the planner should agree on how long the professional relationship should last and on how decisions will be made.

 

 

Before anyone in our firm can advise you, we must understand your motivations.  You and the planner should mutually define your personal and financial goals, understand your time frame for results and discuss, if relevant, how you feel about risk. Our financial planners may ask for information about your financial situation to better understand your dreams, goals, and needs. At this time, our financial planners gather all the necessary documents before giving you the advice you need. 

 

 

This is the education step, where you are informed of our findings.  We also want to confirm that the planner and the client are still on the same page.  Our team will analyze your information to assess your current situation and determine what you must do to meet your goals.  Depending on what services you have asked for, this could include analyzing your assets, liabilities and cash flow, examing current insurance coverage, and reviewing investments or tax strategies.

 

Based on our conversations and information you've provided, the financial planning team will offer financial planning recommendations that specifically address your goals. Our planners will go over the recommendations with you.  It is important that you understand the recommendations so that you can make informed decisions. Our planners will also listen to your concerns and revise the recommendations as appropriate.

 

 

Both you and the planner should agree on how the recommendations will be carried out. The planner may either carry out the recommendations or serve as your team manager, coordinating the process with you and your other professionals, such as attorneys or accountants.  At any time, the financial plan may be implemented with our team or at the financial service company of your choice.

 

 

Our team values the time spent with you. Regular monitoring and team contact can improve the impact of goal attainment. Both you and the planner should agree on who will monitor your progress towards your goals. It is important to have regular meetings and contact with one another.  If the planner is in charge of the process, the planning team should report to you periodically to monitor your situation and adjust the recommendations as your life changes.