Financial Planning Process

What To Expect

Discovery Call: What do you hope to accomplish in working with a fee only financial planner? Was there a catalyst for you to seek working with someone? How much would it cost? Conducted either as a phone call or Zoom (whichever you prefer).

Client On-boarding: You gather your financial data and documents (I provide a list of what you need). You populate the financial planning tool used to build out your 3 financial plan deliverables with your information. 

 Data Gathering and Strategy Meeting. We map your financial goals. We stack rank them. We walk through your data and your documents. We assess your loss threshold (a.k.a. risk tolerance). We also review the key concepts of investing.

Financial Planner Work:  I analyze your data, your documents, your level of risk, and your financial goals. I identify the best options and the best outputs for you. I map out and model the optimal path and methods to get you there.

Financial Planner Work: I build your 3 financial plan deliverables: 1. 1-Page Action Plan. 2. Financial Plan. 3. Portfolio Plan. 

 Financial Plan Deliverables Meeting. Manifested in your 3 financial plan deliverables, we walk through the findings and recommendations. Since this is a dynamic meeting, we can conduct any ‘what if’ scenarios in real time to determine any impact to the projections. We discuss any implications (good and/or bad) of any changes that you want to make and are able to immediately see the results of any decision.

Implement: Working from your financial plan deliverables, you implement the recommendations. You’d reach out for more explanation or clarification on anything that wasn’t clear. Or, you’d just reach out with any questions that weren’t initially addressed. I don’t charge extra for follow up questions, so there is no limit to contacting me during your implementation phase.

Monitor: Since you will continue to have access to the tool used to create your financial plan, you can update your data at any time to see what the impact may be to your financial goals.

You also will be able to keep your portfolio up to date in the tool. This allows you to monitor your asset allocation.You will be able to make sure you are on track and re-balance, when needed, to get back on track.

Review: Down the road or when you have a life change, you may want to meet to update goals and/or to review your portfolio. If so, you’d reach out and we’d schedule a review.