OUR PLANNING AND investment process
Planning and investing is an ongoing process that needs to be customized to your specific situation – because nobody is quite like you. Here is an insight into the specific steps we’ll take together.
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Step 1: Seek a deeper understanding
We strive to know you, not just your finances. It’s not enough to have inventory of your finances. To truly understand you and get you to your successful outcome, we need to know “The Why” of what you do. Why do you do what you do? Who are you doing it for? What is important to you about your money? What constitutes a successful outcome for you?
Are you and your partner on the same page with respect to your wealth? Are you and your family? What are you trying to accomplish? When do you need these things to happen? You’re “why” is one of the reasons that there is no one quite like you.
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Step 2: Design your customized path
Once we understand you and your financial situation, we can pair this with your stated goals, marrying the two to create a path designed to get you there. We’ll develop a plan with recommendations tailored specifically for you. We’ll consider different investment options and coordinate with your CPA and attorney, when appropriate.
As your guides, we know at times the going will get tough. The economy and the financial markets have seasons and storms. We talk about when the next downturn hits, not if. We know that if you understand the reasons you are doing what you are doing, you are more likely to stay on the path even when the going gets tough. This is why your plan is customized to and informed by you. No path is quite like yours.
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Step 3: Implement
There are many ways to invest for the future. Implementing your plan is dependent on the prescribed path we have chosen with you and you own investing temperament. With your approval, we implement your customized plan. This involves the selection of specific account types, investment products and optional services, and the handling of all paperwork.
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Step 4: Assess, Review and Strategize
Reviewing or looking back is not a bad thing, but often it needs to be paired with a forward-thinking strategy. It is valuable to understand where you are in your journey. Are we on track or off track? Are we ahead of schedule or delayed? How did we get off track? But more importantly: What course correction needs to be made to get us back on track? If we are ahead of schedule, can we take less risk or make the plan more conservative going forward?
Given the new information or findings, we often reassess and go back to step one or make adjustments and recalibrate the path to get back on track.
