Comprehensive Financial Planning
EMPOWERING ALL TO DISCOVER THEIR DEFINITION OF WEALTH WHILE PROVIDING THE CONFIDENCE TO ACHIEVE IT.
Comprehensive Financial Planning requires a holistic approach to establishing goals and determining what you will need to do and need to have in order to reach those goals. Estate planning, tax planning, retirement planning, and investment management are just a few of the areas we look at to create your financial plan.
YOUR PERSONAL WEALTH EXPERIENCE
Client Personal Discovery
OBJECTIVE: DISCOVER YOUR GOALS AND AMBITIONS AS WELL AS YOUR RELATIONSHIP WITH MONEY
To quote John Lennon's lyric, "Life is what happens to you while you're busy making other plans." Our objective in discovery is for you to gain a clear understanding of what is truly important in your life, by helping you to reveal and define your personal values. Only by recognizing and embracing these core values can one develop a successful Financial Life Plan.
We accomplish this by asking questions which stimulate your thinking about how you might envision the rest of your life. From this process we are able to develop a total client profile. This profile will be the foundation upon which, while working together, we will formulate your Financial Life Plan.
Data Gathering Sessions
OBJECTIVE: OBTAIN CLARITY AND KNOWLEDGE REGARDING YOUR PERSONAL FINANCIAL CIRCUMSTANCES
Once we have drafted your total client profile, we will work with you to assemble actual financial documents and data. We will provide you with a list of the documents and information we will need in order to complete your plan. This will include, for example, insurance policies, all investment statements, all estate planning documents, a list of current living expenses, tax returns, etc. We will work with you to complete a comprehensive risk analysis questionnaire from FINAMETRICA. The results of this questionnaire will be the basis for a discussion of your risk tolerance and ultimately will assist in determining the portfolio allocation appropriate for you.
Investment Education and Investment Policy Statement
OBJECTIVE: BE CONFIDENT YOU HAVE MADE METHODICAL, RATIONAL DECISIONS BASED ON A PERSONALIZED INVESTMENT PLAN
During this phase of the process you will learn the fundamentals of investing and how that relates to your portfolio. You will receive a written summary of how your money is invested and the role of each investment in your portfolio. We will also provide you with an explanation of how our investment decisions are made.
Presentation of Financial Analysis and Recommendations
OBJECTIVE: RECEIVE A COMPREHENSIVE FINANCIAL ASSESSMENT ALONG WITH AN ACTION PLAN TO ACCOMPLISH YOUR GOALS
Upon completion of a comprehensive financial analysis, coupled with the results of your discovery profile, we are now capable of making sound recommendations. We will provide in-depth advice for your investments, various insurance, estate, and retirement planning, tax and education planning. Each of these areas will be thoroughly analyzed and written recommendation provided. Upon receipt of this financial analysis you will gain peace of mind in knowing your financial situation has been reviewed and that the best possible plan will be implemented to meet your financial goals.
OBJECTIVE: FEEL SECURE KNOWING YOUR PERSONALIZED WEALTH PLAN BECOMES A REALITY
This is an absolutely critical phase in properly organizing clients' financial lives. This is the point at which most "do-it-yourselfers" will usually stumble. We are profoundly aware of this and will devote as much time as is necessary to ensure all agreed upon recommendations are implemented. We will coordinate implementation with the client's other professionals and readily meet with the client's accountant, attorney, insurance agents, and any other professionals per client requests. Our objective is to ensure that all financial documents and issues are properly completed and in place.
Proactive Monitoring and Plan Reviews
OBJECTIVE: HAVING THE FREEDOM TO ENJOY YOUR LIFE KNOWING THAT PRIVATE WEALTH MANAGEMENT GROUP IS PRUDENTLY AND RESPONSIBLY MONITORING YOUR FINANCIAL HOUSE
This is a stage in the Financial Life Plan that is of utmost importance and yet is most often neglected by the inexperienced. As we all know, life is made ever more interesting by both the expected and chance events that occur. As a result, we meet with our clients on a regular basis to revisit their financial plans. Inaction or delay in revision can lead to devastating financial results. Although we are always available to address these ad hoc events, we also believe timely review meetings with clients are essential to their financial well-being. At these meetings we will review all of the client's goals and objectives to ensure that they are staying on track to achieve them.
The first step in the planning process is to schedule a Discovery Meeting with a member of our team. To get started on your path to freedom, security and clarity, complete our brief data gathering questionnaire and we will contact you to book a meeting.Let's Begin