Goals Based Financial Planning

Many individuals confuse financial planning with general savings and investing advice. While how much to save and where to invest those savings, is every bit important, prudent Financial Planning goes much beyond the realm of just saving and investing. The sooner you understand the role of financial planning in meeting your short, medium and long-term financial aspirations, the better you’ll be able to control your financial life.

Why Goals Based Financial Planning Is Important

A well-grounded financial plan is essential for anyone who wishes to accomplish specific financial objectives. Whether it be the idea of owning your home, making sure your children’s education is well funded, or ensuring a smooth and stress-free retirement; all of these seemingly disparate components come together under a unified financial plan.

The scope of an effective financial plan should therefore cover key aspects such as Saving, Budgeting, Investing, Tax planning, Insurance planning, Retirement planning, Estate planning, and much more.

What We Can Do For You

The steps in our financial planning process are as follows:

  1. Introductory Meeting. Our first meeting revolves around getting to know you. We want to understand what your experience as an investor has been and what goals you have for the future. Whether you’re looking to see if you’re on track for retirement, want to plan for a wedding, or have legacy goals, we want to know. We ask a lot of questions and expect the same from you! We want our relationship to be a partnership and that the services we offer match what you are looking for.
  2. Planning Meeting. Our second meeting is when we present your customized financial plan. We will discuss your goals in more detail to ensure we understand your wishes, stress test for risks, such as longevity or bear markets, and provide you with our recommendations. We use Money Guide Pro for our planning and you will receive a custom link so you can review, stress test, or run new scenarios at any time.
  3. Implementation. After we make our recommendations, review your plan, and answer any questions, we will set up accounts and initiate any account consolidations that we can. We act as fiduciaries, which means your best interest and your personal financial goals are what drive our investment decisions. We do not have proprietary products and truly seek the best in class investments that will fit your risk tolerance and goals.
  4. Ongoing Advice and Monitoring. Financial Planning isn’t a “once and done” event. Your goals and priorities will inevitably shift through time, which is why we are here to help you along the way. The only thing constant is change. As your trusted advisor, we will stay on top of industry changes, market trends, and other factors that impact your financial lives to produce better outcomes. We proactively service our clients and welcome any communication from them.

While the process may be four steps, the last step in our process is not the end. It is truly the beginning of building relationships with our clients. From welcoming children or grandchildren into the world to helping an aging parent to planning for long term care, these are all part of ongoing service we provide.