Above all else, I have worked hard to create an efficient process around managing money. To craft a smart, intelligent plan from the start, I follow a comprehensive, six-step process developed by the Certified Financial Planner Board of Standards. It’s designed to help us develop a true sense of who you are and what you expect, so that I can build a comprehensive strategy to help see you through the saving, growth and, ultimately, the careful distribution of your retirement income.
I will walk through and document each of the services we will provide for you, and will define both my and your responsibilities as we embark on our partnership together. 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.
I gain a complete understanding of your financial needs and goals, as well as your personal hopes for the future. I gather all information regarding your financial situation and ensure I understand your time frame for results as well as your tolerance level for risk. This is vital information that will allow me to move forward in strategically pursuing your objectives.
Analyzing and evaluating your financial status
I 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. I want to ensure each product and component in your financial strategy is suited for your goals.
I offer financial planning recommendations designed to address your goals, taking into account your comprehensive financial plan and our rigorously conducted research of available data. I review these recommendations with you and help you understand them, so you can make informed decisions. I carefully listen to your questions and concerns and revise my recommendations, as appropriate.
Once the financial plan meets with your approval, I carry out our recommendations, coordinating the process with you and, when appropriate, other professional advisors, such as your accountant or attorney.
With your authorization, I 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.
There is no assurance that any investment strategy will be successful. Investing involves risk and investors may incur a profit or a loss.