Defining the Scope of Work
As we initiate the process of defining the scope of work with a new member, we use a collaborative process to gather detailed information about your health, family dynamics, and resources to identify your specific goals, needs, and preferences. When we have the pertinent information, we agree on the scope and begin.
Setting Goals Based on Values and Financial Information
Next, we dig into your detailed financial information, including current income and expenses to use as the basis for projections and analysis. At the same time we engage in more discussions with you about your risk tolerance, goals, and timeline so we can create a comprehensive strategy that meets your personal needs.
Analyzing Your Current Position
The team will then analyze your starting point, a detailed picture of your investments, employee benefits, insurance coverage, risks, estate planning, and retirement resources. We compare this analysis to your future objectives to guide us to recommendations that may better align your current position with your objectives.
Presenting Recommendations and Refining Your Plan
Using this solid informational foundation, your advisor team will craft recommended strategies, solutions, and tools designed to refine your overall financial plan. We will highlight opportunities to enhance your progress, incorporating knowledge of your objectives, lifestyle preferences, and current economic conditions.
Executing Your Strategy
The implementation phase includes detailed discussions about the planned recommendations, anticipated outcomes, and potential challenges. Your advisor team will thoroughly discuss the plan with you and consider your feedback to specific action items to ensure alignment with your objectives, values, and circumstances.
Monitoring and Maintaining Your Plan
As implementation begins, your team will monitor the results and maintain regular communication with you to discuss progress and to identify potential changes. Your team will also stay up-to-date with changes in your personal, family, and economic position that may warrant changes to your strategy or goals.