The first step is to establish the relationship. Not all planners and clients are made to work together, it is very important to see if we are a good "fit" for each other. Call it a first date, where we can get to know each other and get a feel for whether we mutually agree in terms of style and values.
Provided we are a good fit, we will ask you for an extensive list of all of the things that encompass your financial life and then we will discuss the goals and objectives that you want to accomplish with these financial means. We will discuss time horizons and measurable objectives. It must be understood that the deeper the professional relationship, the truer the results. Remembering always that the client's needs come first is paramount.
Next we will take some time to input all of the data given to us and analyze it so that we can get a clear picture of where you are financially. We will evaluate your tolerance for risk, investment experience, and specific situations such as retirement or college planning for example. We will also discuss any special circumstances that are unique to you. We can't get to where you want to be without fully understanding where you are.
Once the data is analyzed we develop your own personal plan to assist you in reaching your goals. It is here that we discuss your plan and the action and options that are needed to move you in the right direction. Recommendations are communicated to you in a manner that is understandable and that motivates you to act. This is where the human element and the numbers meet and work together.
After all is agreed upon the plan is implemented. The client has the ultimate responsibility to accept or reject recommendations. Recommendations are prioritized and put forth and decisions are made as to how to put your personal financial plan into action. Planner and client decide here where best to assign the responsibilities needed to carry out the plan.
Finally, after a mutual understanding, plans are revisited and investments are monitored to make certain that all moves forward. We make recommendations to accommodate changed circumstances and economic environments. Our belief is that the cornerstone of this financial planning process is constant ongoing genuine communication.
How we work