This is arguably the most important stage of the process. It allows me, as your Advisor, to assess your current financial position. During this stage, we’ll discuss your financial goals and review your existing financial situation in detail.

After reviewing your current situation I would then determine whether you are on track to achieving your financial goals. 

A Written Financial Plan serves as a clear roadmap to help clients achieve their financial goals—whether that involves retirement, funding their children’s education, paying off debt, or a combination of all three. It also includes establishing the right type and amount of insurance coverage to protect the family’s future. By using realistic numbers, the Financial Plan outlines exactly what steps need to be taken to reach those goals. This straightforward yet powerful approach gives clients peace of mind, knowing they’re on the right path and taking the necessary actions. Without a Written Financial Plan, the old saying rings true: “If you fail to plan, you plan to fail.”

This is the stage in the process where I collaborate with clients to determine the sequence of steps we'll take. The specific order can vary from one client to another, depending on individual circumstances and the available income we have to work with. Ultimately, our goal is to complete all the steps outlined in the financial plan.

The final step in the process is putting the plan into action. This typically involves meeting with the client in person to review the specifics of the investment strategy. During this stage, we discuss investment choices and assess any insurance needs. It also includes completing necessary paperwork, such as an Asset Allocation Questionnaire, which helps determine the client's risk tolerance and overall comfort level with investing.

This stage primarily involves ongoing maintenance—much like regular visits to a dentist. At this point, my assistant typically schedules the client for a comprehensive financial review every six months. These regular check-ins help us stay informed about any changes in the client’s circumstances. In today’s dynamic market environment, it’s essential to remain up to date with current market conditions to assess how they may impact the client’s financial goals.