Developing plans for our clients is not a one size fits all template. We spend as much time as needed discussing financial situations and goals so that the plans are specific and comprehensive. This may be accomplished in one or two initial meetings, or may take several meetings to be sure everything is addressed properly. Financial advice for one person, may not be proper advice for another.
Initial Meeting
(gathering information/discovery):
During our initial meeting, we will first take a few minutes to discuss who we are and what we do. We will also discuss the process in developing plans in more detail. From there, we will gather as much information as possible in order to develop the client’s financial plan. During this time, we will ask questions of our clients, while also providing answers to any questions or concerns they may have. This interaction is the foundation of ensuring the plans are specific to client’s needs and goals. We do as much listening as we do speaking in order to ensure all concerns and goals are addressed.
Analyze & Strategize:
After collecting the information, we will develop a comprehensive, customized plan. This plan will address all questions and concerns of the client. In addition, we will ensure all aspects of finances are reviewed and any and all problem areas are addressed.
Develop Recommendations with Client:
During our second meeting, we will review the customized plan along with the client. This will allow us to discuss each and every topic specifically, but with the overall financial picture in mind. Clients will never feel pressured. This meeting is a discussion, not a lecture or a sales pitch. Discussing the entire plan in detail may take more than one meeting, but the overall goals and direction will be clear at this point.
Put a Plan in Motion:
Once certain or all areas of the plan are discussed, the plan must be set in motion. The plan is not a “set it and forget it” activity. Adjustments will need to be made along the way.
Monitor & Adjust:
Things will change along the way. The financial plan must be readdressed and adapted as often as needed. In addition to monitoring the plan, we will continue to meet with our clients to not only monitor/review the accounts/plan, but also to make changes where needed. Sometimes with big life changes, this involves completely redoing the comprehensive plan.