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Click each process
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The Wealth Management
Process
Step
#1: Understanding Lifestyle, Business
& Financial Goals
This is
probably the most important stage in the process. This stages
allows me as your Advisor to determine where you stand today from
a financial standpoint. At this point we would discuss your financial
goals and take a look at your current financial situation.
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Step
#2: Analyze Your Current Situation
After reviewing
your current situation I would then determine whether you are
on track to achieving your financial goals.
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Step
#3: Creating a "Bulletproof"
Written Financial Plan
The Written
Financial Plan will basically map out the road to achieving the
clients financial goals whether that be Retirement, children's
education, paying off debts or a combination of all three along
with setting up the appropriate amount and type of insurance coverage
that would be required to protect the family in the future. In
the Financial Plan, using realistic numbers, I am able to show
clients exactly what they need to do to get to where they want
to go. That simple yet very effective strategy allows people to
feel comfortable knowing that they are doing everything they need
to do to get to where they want to go. It provides comfort to
people knowing that they are on track to achieving their financial
goals. If you do not have a Written Financial Plan, the saying
"if you fail to plan you plan to fail" says it all.
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Step
# 4: Determine Sequence for Action
Steps
This is
the stage in the process, where I work with the clients to determine
what will be the sequence of steps. It does vary from client to
client and it does vary depending on the available income that
we have to work with. Ultimately completing all steps in the financial
plan is our end target.
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Step
#5: Put Your Plan into Action
Putting
the plan into action is really the final step in the process.
This involves getting the client to come into the office to go
through the specific details for the investment process. This
would involve investment decisions and what type of insurance
needs are required. This stage generally includes paperwork, which
would include filling out an Asset Allocation questionnaire, which
will help me to determine clients' comfort level when it comes
to investing.
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Step
#6: Monitor, Review & Fine Tune
This stage
is basically a maintenance stage...one could use the analogy of
a Dentist. My assistant would at this point book the client in
every six months to do a complete review of their financial situation.
This allows us to keep on top of the changes that may occur. In
today's market place it is important to stay on top of the current
Market Situations to determine how this may or may not affect
the clients financial goals.
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