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Our Process

The 6 Step Plan

Establish the scope

Define the relationship
Discuss the scope of the engagement
Select services to be provided
Discuss planner compensation
Delegate responsibilities between planner and client
Set the time frame for completion
Disclose conflicts of interest, if any
Review firm brochure, ADV, and fee agreement

Gather Information

Collect qualitative and quantitative background information covering all aspects of your financial life
Determine income and expenditures
Identify individual and/or family financial position
Establish risk tolerance and capacity
Explore goals and objectives with their respective time horizons

Analyze the Data

Evaluate data/documents gathered in previous stage
Identify strengths, weaknesses, opportunities, and threats in current financial situation
Risk evaluation
Cash flow evaluation
Investment evaluation
Tax evaluation
Retirement evaluation
Estate Planning evaluation

Develop a Plan

Develop and present a financial plan tailored to your specific goals/needs
Budget income and expenditures for the near term
Forecast future cash flow activity
Determine growth/returns needed to reach net worth objective
Consider alternatives to meet goals and objectives

Implement & Take Action

Create a timeline with due dates for each task
Assign responsibilities
Work closely with other professionals to carry out plan (e.g., estate planning attorney, CPA)
Coordinate and share information, as authorized, with other professionals involved with the plan

Monitor

Continuously update/review plan to keep you on course. If necessary, make adjustments to the plan
For annual retainer clients, meet semi-annually to identify possible modifications or amendments (e.g., change in marital status)
Review the performance and progress of the plan
Review and evaluate changes in legal, tax, and economic landscape
Provide ongoing support (e.g., education)

Otium Awaits

If you're ready to start a conversation about your financial life, schedule a complimentary introductory meeting with us today!

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