Some Investment Management firms claim to do Financial Planning.
We set the bar on what Financial Planning should be.
There are a lot of things you want to accomplish financially. However, we understand it can be hard to know exactly how to achieve your financial goals. See below how we help our financial planning clients.
Our Approach to Financial Planning
We take an all-inclusive, goal-driven approach to financial planning, where we work with you to satisfy both your financial needs and wishes over time.
Fiduciaries First and Forever:
Unlike some in our industry, we are required by law to always act in your best interest. No exceptions. Every piece of advice our qualified and credentialed advisors give must be to your advantage.
Not Just Investment Advice:
Instead of just considering your portfolio, we find it necessary to evaluate how elements such as insurance, taxes, savings and expenses interact with one another and the consequences involved. By understanding all of the moving parts, we can make smarter financial decisions.
A Strategy Built Around Your Goals:
Every person has a unique set of circumstances that shapes their attitude towards money. So shouldn’t your financial plan be designed around that? We believe setting your goals and understanding your preferences towards money first will not only provide guidelines for how your plan should be designed, it will ensure success over time.
A Living Arrangement:
After we create your financial plan, the work doesn’t end there. We continuously work with our clients annually to ensure their plan stays on track.
Where We Can Help
By taking a comprehensive approach, there are several areas we define as being essential to your overall financial health. Which areas apply to you?
Cash Flow Management: Am I Saving Enough? Am I Spending Too Much?
Optimizing your income and expenses is critical for achieve financial success over time. We work with clients to determine their optimal budgeting, debt servicing and savings capacity in order to better position themselves for financial success.
Insurance Planning: Do I have too much Insurance? Not enough? Is my policy right for me?
We don’t sell insurance (or ever want to); however, insurance is a necessary part of anyone’s financial life. We provide an objective perspective on Life, Disability, Long-Term Care and Liability insurance by analyzing how much insurance you need – not how much you should be sold. We then work with insurance experts to ensure you have the right type of coverage – all without the worry of commissions.
Education Planning: Will putting my children through higher education disturb my Retirement plans?
A Graduate Degree is the new Bachelor Degree today. Experiencing more than four years of education costs can derail financial goals as higher education becomes the norm. We work with our clients to pinpoint education costs and identify available resources outside of personal capital (Government Grants, Scholarships, Financial Aid) for conquering education objectives.
Investment Planning: If the market tanks, will I have enough money? How should my portfolio be allocated?
Many portfolios have no direction. We believe your portfolio should have a purpose – built for achieving your specific financial goals. If we understand your objectives, we can develop individual investment strategies that considers each goal’s return target, risk tolerance and time horizon. By having an optimal mix of investment assets tailored towards your goals, we can raise the probabilities of successfully realizing your financial wishes over time.
Retirement Planning: Will I be OK in retirement? How much should I be saving?
Retirement, to most people, is an abstract thought that is believed to work itself out once arrived. After all, looking 30 years into the future, how could you possibly understand what to expect? We believe that there is a better way to understand what one can expect during retirement. First, by getting a true sense of your costs during retirement, we can better plan for what your lifetime spending will be. Second, by understanding all of your resources during retirement, we can optimize Social Security, part-time income and tax-efficient withdrawal strategies that will help extends the life of your portfolio.
Estate Planning: Will my family be OK if I get hit by a bus? How do I preserve my legacy?
Your estate plan is a critical part of fulfilling your legacy. We are not Estate Attorneys, but we will help identify your estate wishes and the next steps for putting those wishes into play. We can help identify what estate documents are needed, beneficiary designations and the proper account registration types based on your individual circumstances.
What To Expect: How We Build Your Financial Plan
Data Organization: A plan is only as good as the information provided. When you hand off your financial statements and documents to us, we organize and review all of data for you. This way we can keep all of your information tidy, and ensure we are only using the most accurate information for your plan.
Plan Development: Once organized, we look at your current financial picture and identify opportunities for achieving your financial objectives. We start by identifying any areas of concerns that need to be immediately addressed and then create strategies for optimizing resources in order to achieve long-term financial goals.
Testing and Modeling: We then test our strategies by running financial models to understand which scenario will be best for achieving your financial goals.. For our modeling, we incorporate sophisticated financial planning techniques that uses Monte Carlo analysis to give us a more realistic picture of what to expect in the future.
Plan Implementation: We translate your overall financial strategy into an action plan which includes asset allocation, suggested account types, withdrawal strategy, savings and transfer amounts, insurance policy selection and estate planning direction.
Plan Monitoring: We meet with our clients regularly to review their overall progress in accomplishing the execution strategy and ultimately moving towards their goals. We do regular investment reviews to track if your portfolio is on schedule with meeting your financial goals. Additionally, there are always adjustments to consider, so the plan monitoring acts as a method for adjusting to life events as the occur.