Solutions

What does Plan Development include?

Even if you have clarity on the primary objectives of financial planning, you still might not have a clear vision on how the advice will be presented to you or exactly what you can expect to learn from the final output.  Having a clear idea about the deliverables you will receive and how detailed the advice will be can give you a better basis to evaluate the cost/benefit equation.  Below is a summary of the specific deliverables you will receive by the conclusion of Plan Development. 

• Financial Wellness Assessment: We start all new engagements with an assessment of your current financial health across a wide range of metrics that are fundamental to having financial security now and achieving financial independence in the future.  This lets us know where you are in your wealth journey and highlights any areas requiring more immediate attention.

• Initial Financial Plan: After compiling your current assets and a complete list of your short and long-term goals, we'll provide you with an analysis that shows the probability of a successful plan (i.e. funding all goals without running out of money) if you keep doing what you're currently doing.  We'll provide specific recommendations to improve your plan and show you how it improves the odds of success.

• Tax Review: We'll provide a concise tax summary based on your prior year's return that includes recommendations to improve your tax results going forward.

• Portfolio Review: We'll review your existing investments and how well they are suited to your goals and risk tolerance.  We'll provide recommendations to reposition your portfolio to provide the highest probability of funding your goals.  The Initial Financial Plan will present your investments at the core asset allocation level (stock/bonds/real estate/cash, etc).  The Portfolio Review will provide specific holdings and relative weights for your proposed portfolio.

• Advice Summary:  We tie together the work from the above deliverables to provide a consolidated list of recommendations and supporting rationale. We'll prioritize your list so you know what needs to be done within the next 90 days and what can wait until later.