We utilize the following comprehensive Wealth Management Plan to uncover your most important goals and to design and implement appropriate recommendations for your desired lifestyle, retirement, and legacy.
The complete Wealth Management Plan consists of three parts:
1. Financial Plan: This is a comprehensive plan that looks at where you are today and where you want to be in the future. It identifies your goals, and divides them into needs, wants, and wishes. This plan includes a detailed cash flow analysis, balance sheet, retirement planning analysis – including your probability of success, accumulation goals analysis, debt management, “what if?” scenarios, and stress testing to determine if there are any gaps in coverage. In-depth planning is also included for complex situations. We will update your financial plan each year to address your changing needs.
2. Investment Plan: In the investment plan, we look at a wide variety of investment vehicles and recommend the most suitable investments to help you pursue your financial goals.
3. Advanced Plan: In the advanced plan, we focus on four broad areas of your financial life:
Together, your Financial Plan, Investment Plan, and Advanced Plan provide the foundation for your Wealth Management Plan. This plan gives us the ability to address a wide range of financial challenges you may face beyond your investments. Having a comprehensive Wealth Management Plan in place allows us to systematically manage all your financial concerns, which in turn maximizes our ability to help you pursue your most important financial goals.
This planning process serves as our framework, but it is only the beginning. To ensure that your family’s most important financial concerns are addressed as needed, we serve as your Financial Director.