Our comprehensive planning services are designed to help our clients make sensible decisions that reflect their goals and values. Combining insight with action, a complete financial plan includes everything from short-term cash flow planning to long-term retirement planning, from minimizing debt to understanding the tax consequences of a decision, from developing a tax-efficient estate plan to determining the amount of insurance you might need. By understanding how all of the components of your finances integrate with each other, we can work toward sound recommendations that will lead to the attainment of your desired goals.
Comprehensive financial planning is best achieved over time. The first step is to determine the areas that are a priority for you and then implement the recommendations one step at a time. Our goal is to begin a process of incrementally getting each task accomplished until your financial plan is fully implemented. We will continually update and adapt your plan as your life and goals change.
Our process begins with an initial meeting where we discuss your goals, values, and areas of concern. While many clients already have solid goals in mind when they come to their first planning meeting, we take the time needed to prioritize, clarify and expand your objectives.
Understanding your current situation
Your financial picture is comprised of a personal statement of net worth, assets, and liabilities, and a cash flow statement showing income and expenses. A close look at your finances can reveal ways to reduce debt and increase cash flow into the areas most important to you. Once we have a picture of your financial life, we can develop and analyze alternatives that will help you achieve your goals.
Planning for the unexpected
A financial plan is typically comprised of several strategies, each designed to address a different piece of your financial life. Unexpected events can happen and your financial plan should also include strategies for dealing with life’s contingencies, such as an accident or illness, or even a premature death in the family that could negatively impact your plan.
Implement and review
Together, we evaluate the available strategies, decide on the course of action, and implement the recommendations. As your life changes, it is highly likely that new strategies will be added or your existing strategies will be revised. It may make sense to increase or decrease insurance amounts, adjust your asset allocation, or a look at a new tax reduction strategy. We will meet with you as often as needed to review and update your plan.
As fee-only advisors, we are compensated solely by our clients and do not receive any compensation that is contingent on the purchase or sale of a financial product. We are product neutral advisors – rather than transaction-based product pushers.
In general, our fee schedule is based on the assets we manage for you with services that include financial planning, investment management and tax preparation. For a complete description of our fees please refer to our ADV Part 2 (Brochure).