…when one person justifiably places confidence and trust in someone else and seeks that person’s help or advice…because the client trusts the (fiduciary) to act in the best interest of the client at all times.
– Merriam-Webster online dictionary
To develop your financial plan, we follow a comprehensive process designed to help us develop a true sense of who you are and what you expect, so that we can build a custom strategy to manage and preserve your wealth, and build a legacy.
We clearly explain and document the services we will be providing you and define both our and your responsibilities. This first step also includes a discussion of how we will be compensated, how long our professional relationship should last and how decisions will be made.
To help us understand what’s important to you and what you want to accomplish, we devote a lot of time upfront to learning about you not only as an investor, but as a person. We assemble all information regarding your financial situation, mutually define your personal and financial goals, understand your time frame for results and discuss your tolerance level for risk. This is vital information we need before moving forward.
We analyze this information to assess your current situation and determine what action is required to meet your goals. This step may include analyzing your assets, liabilities, cash flow, insurance coverage, investments and tax strategies.
We offer financial planning recommendations that address your goals, based on the information you provided. We review the recommendations with you and help you understand them, so you can make informed decisions. We carefully listen to your questions and concerns and revise our recommendations, as appropriate.
Once the financial plan meets with your approval, we carry out our recommendations, coordinating the process with you and, when appropriate, other professional advisors, such as your accountant or attorney.
With your authorization, we will monitor the progress toward your goals and report to you periodically, review your situation and adjust the plan, if needed, as your life changes.