Step 1: Approach/Understand
We like to call this initial meeting the "right fit" meeting. We discuss your current situation and where you're trying to get, your objectives and your dreams, and our process. From there we can determine if we're a good fit to work together; and plan the next steps. Although we like to have in person meetings, this initial meeting and other steps of our process can and sometimes are conducted over the phone or web.
Step 2: Data/Fact Gathering
We start gathering information and designing your plan from the very first conversation. In this stage, we obtain detailed and comprehensive facts, crystalize objectives, and gather pertinent documents. This in depth process may be lengthy and require some back and forth dialogue and is the most crucial part of our planning process, requiring full disclosure. For our existing clients, as things change, we start back at this stage to make sure that we're up to date on your current situation.
Step 3: Educate
While our team works behind the scene on the plan, we conduct these sessions with the clients to illustrate some planning philosophies and academics. Accumulation Strategy - Macro Asset Perspective of tax and risk diversification in your portfolio. Risk Management - Navigating a variety of risks: Inflation, Volatility, Perils, Longevity, Tax, Interest Rate. Trust and Entity Structure - Basic trust and businesses entity planning to advanced estate conservation and tax protection structuring. Other Topics - May include real estate, advanced planning, gifting, private equity, alternative investing, and/or business valuation and succession.
Step 4: Design/Develop
We work with our strategic resources. Our resources include a access to a group of professionals with expertise in law, tax and accounting, insurance and investment professionals, and advanced planning consultants. Together, we design a comprehensive plan, run "what-if" scenarios, and create alternative options to ensure that your plan has flexibility to meet changing needs and environment.
Step 5: Present/Revise
Here, you're able to see your complete plan, with a long term perspective. We present your plan in a written report, allowing you to see the positive impact to your financial and personal planning*. If the plan needs to be revised, we're able to easily make modifications.
Step 6: Coordinate
Many times, your plan may suggest coordination with your tax and legal advisor in order to implement the strategies. We make sure that all the advisors understand your plan, discuss their role in the process, and we hold each other accountable.
Step 7: Monitor/Service
We'll implement your strategy, working closely with you and your other third party professionals to ensure its success. We work with the different insurance and investment firms to make sure accounts are set up properly and review the accounts for completion.
Step 8: Monitor/Service
Life is a motion film, not a snap shot. As your life and the economy changes, strategies need to be adjusted. We'll monitor and work with you over the years to keep your plan on track. This is where we provide the greatest value for one another and aim to be in your corner when you need us.
