Meeting with a new advisor may be intimidating to those that aren't sure what to expect. Below you will find the process and common progression of interactions we hold from the first meeting through the life of the relationship.
How we operate.
How can we help you?
does what we do align with what you are looking for?
What is important for this to be a productive relationship?
GATHERING INFORMATION ABOUT ASSETS, LIABILITIES, OR ANYTHING ELSE PERTAINING TO FINANCIAL LIFE
analyzing DOCUMENTS (STATEMENTS, TAXES, ETC.)
goals conversation: how can you achieve what matters most?
initial observations of financial situation (strengths/weaknesses)
assessing risk tolerance
Formally entering into a planning relationship
discussion of upcoming processes and procedures (account transfers, planning timeline, what to expect out of future engagements)
detailed recommendations
planning ideas, discussion, and implementation
order of planning operations (what to tackle first)
realistic goals timeline
discussion of planning areas outside of the scope of our expertise (and where to go to for advice)
Review of cumulative financial plan and ensure proper implementation
Assessment of statements to provide understanding and Transparency
Discuss frequency of future reviews (1-4/year depending on plan complexity and life stage)
answer any questions pertaining to the planning experience
any life changes?
update of financial plan, accounts, and any changes necessary
special planning assessments (tax planning, estate planning, insurance planning, income planning)
economic updates and viewpoints
discussion of additional touch points as needed