Your personalized financial plan will serve as a step-by-step guide for pursuing your goals. It will contain detailed information not only about your current situation, but also about the goals you’d like to achieve in the future. To create it, we take an orderly, systematic approach to make sure we uncover all the details necessary to complete the current and proposed picture of your life. Our approach also gives us an orderly way to identify relevant strategies for moving forward and fully addressing your needs. Here are the basic steps that outline the approach we use for building your financial plan.
First, we’ll build an understanding of your personal goals, current financial situation, investment experience and risk tolerance. We’ll also make you aware of our capabilities and explain the services we offer that can help you meet your objectives.
Next, we will analyze what you’ve shared with us in order to design your plan. This step may include collaborating with your other professional advisors such as your accountant and lawyer. We present our recommendations to you, answer your questions, consider alternatives and outline the steps we need to take to implement your plan.
With your approval, we will execute your customized strategy using the extensive research and resources available to us through Raymond James. This involves the selection of specific account types, investment products and optional services, and the handling of all necessary paperwork.
Once your plan is implemented, we will continually monitor its progress relative to your defined objectives and suggest any changes where needed. We accomplish this by providing ongoing reporting of your account activity and by conducting periodic reviews. A key to this step is your involvement and communication of any significant changes in your life.