Step 1

Define Relationship

The goal of our first meeting is to learn about one another and define the scope of our engagement, our services, and how we are compensated. After we’ve learned who YOU are, and we’ve discussed our services and compensation, we will begin to gather personal and financial data.

The first step to learning about your goals is asking questions, such as:

• “What are you trying to accomplish?”
• “What worries would you like to eliminate?”
• “How have you made financial decisions in the past?”
• “Do you have any children or loved ones that have special needs?”

Step 2

Gather Data and Develop Your Goals

After we have defined our relationship, we roll up our sleeves and dive into the numbers. During this process, we determine your personal and financial goals then prioritize them in order of importance. Once we have collected the data, we schedule a follow-up meeting so the team can evaluate and strategize BEFORE providing a recommendation. The most important data to gather includes:

• Account Statements: Banks, savings and loans and credit unions, mutual fund and brokerage firms, insurance companies, employer savings plans and retirement income sources.
• Tax Returns: Your most recent tax return.
• Estate Planning Documents: Trust, Will and Power of Attorney

Step 3

Analyze and Evaluate Your Financial Status

Once we’ve gathered your data, we assess your current accounts and policies, looking closely for gaps or inconsistencies. We make sure to incorporate recent changes in the tax code and consider how your current or future holdings support the goals discussed previously.

Step 4

Present Action Plan and Recommendations

At this stage, we will draft and present a financial plan specific to your personal situation including a thorough retirement income plan, if applicable. Our rationale will be explained so that you can make an informed decision. At this stage, we take your valuable feedback and refine the plan.

Step 5

Implement Plan

Upon your approval, our team will make any necessary investments and move forward with implementing the plan. This includes coordinating the process with you and other professionals such as accountants, attorneys, and insurance agents.

Step 6

Ongoing Review & Reporting

The final step in the wealth management process involves the ongoing monitoring of your portfolio, personal situation, and life changes. Over time, we will ensure that your assets remain diversified and that your objectives stay on track. For the first year, we hope to meet with new clients no less than quarterly or more often as needed. This gives us the opportunity to continue learning about one another, to refine strategies based on changing circumstances, to reinforce philosophy, and strengthen our relationship. After the first year, we will reach out to you proactively to provide you with valuable reporting and recommendations. These meetings will occur, based on our mutual agreement, either quarterly, semi-annually, or annually.