individuals and families

Comprehensive Financial Planning

Financial planning is a verb, not a noun.

Working with a financial planner can help you protect your most valuable asset: your financial independence. A financial planner can help you develop a plan that’s right for your life, and help you build financial freedom.

A financial plan is a written document that generally sets out a list of recommendations to help achieve a set of goals and objectives based on an understanding of a client’s current financial situation.

A financial plan is result from the application of several financial planning concepts to a client’s current and prospective financial situation. The application of the concepts considers the client’s financial goals and values and the external environment. The external environment includes current and expected future income, gift and estate taxes, investment returns, inflation and interest rates. 

*Financial plan recommendations can be implemented with the advisor of your choosing. Implementation of specific products or services may result in commissions or fees outside of the financial plan fee. Periodic reviews of your financial plan may require a new planning agreement and result in additional fees.

Financial Planning Areas

There are six main areas to a financial plan. The planning areas listed below are in order of most impactful to least impactful in how they relate to your financial wellbeing. Think of the following areas as a pyramid, with financial position as the foundation you and your financial planner will work your way up the pyramid concluding with estate planning.

Financial Position 
Financial Position is a review of your financial position to give you a better understanding of where you are right now. Working with your financial planner will help you determine if you’re making the best choices when it comes to your balance sheet, and cash flow and debt management. 

Risk Management
A financial planner can analyze your situation and help you protect your income and asset at every stage of your life. Your financial planner can help ensure that you and your loved ones can keep doing what you had originally planned, no matter what surprises life has in store.

Wealth Accumulation
A financial planner can help you review your investment alternatives and suggest ways to get the results your desire. The goal is to help you potentially maximize the return on your investments, taking into consideration financial objectives, time horizon and personal tolerance for risk.

Tax Management
The financial planners job is to advise income tax strategies by delivering alternative minimum tax strategies by compiling capital gain/loss tactics.

Retirement Planning
Regardless of your age or life circumstances, working with a financial planner can help you adapt to your changing needs in order to help achieve financial independence. The earlier you begin planning, the more sound your financial future can be and the more flexibility and freedom you have to choose when, how and where you retire. 

Estate Planning
With a financial plan in place, you can pass on a legacy, not a tax burden, to your heirs. Proper estate planning can help you to anticipate your future needs and pass on more wealth to your family and charities. It can take into consideration the special concerns of families with minor children, business owners who need to address succession planning or grandparents who’d like to help the grandkids to go to college.

Personal Financial View (PFV)

Personal Financial View is an advanced planning solution where you the client have access to your own personal financial planning website to follow and track the goals set by you and your financial planner. With real-time tracking, you can easily track various financial decisions and how they can affect your financial futures.

An Ongoing Process
At our firm financial planning is not a onetime event, your financial plan should change over time to address changes in your personal circumstances. Working with your financial planner on a quarterly basis and in conjunction with our financial planning technology, we will help ensure that your plan meets your unique financial needs. 

Please contact our financial planning department if you would like to discuss further.

Contact: 

CRN202006-232360