Our process begins with a Discovery Meeting. The purpose is to get to know each other better, make a connection, gain an understanding of your life goals and expectations, explain our philosophy and engagement process and address your specific questions. There is no obligation or cost. If both parties mutually agree to form a working relationship, we move forward by agreeing on the scope of the engagement.
The next step is focused on Financial Organization. From experience, clients may have lots of “stuff” stored away in their financial “closet” – account statements, insurance policies, legal documents (wills, trusts, etc.), budget expense tracking spreadsheets, employee benefit information, retirement plans, tax returns, etc. We take the time to carefully catalogue and organize that “closet.” This becomes the basis for better understanding your current financial position and course.
Next we assess your current financial position and course in relation to your life goals and purpose. Here we are looking for what is congruent and what may be “out of sync” with your life goals. We then present strategies and actions intended to create financial alignment - what we refer to as Blueprinting. At this stage we expect candid client feedback and input and encourage a collaborative process to refine the blueprint into a formal Financial Life Plan. This is typically an interactive process that may involve multiple meetings.
Next we move into Implementation of the financial life plan. This may involve a number of actions: consolidating asset accounts, changing asset allocation and holdings, adjusting salary deferrals to retirement plans, changing employee benefit plans, altering household spending, starting a college savings plan, better leveraging tax-advantaged investments, etc.- all of which we provide hands on assistance per your consent.
Lastly, we monitor the results of our strategies / actions and periodically revisit the plan to make needed Course Corrections as life take its natural twists and turns.