We’ve heard from so many clients that financial advisors will sit down with them and only talk about a few things, with the goal of selling them on investments or products. At Guide My Finances, we believe your financial goals are more attainable with a comprehensive financial plan in place. We work with individuals, families, and business owners to create a long-term partnership, allowing an in-depth understanding and strategy for all financial aspects of their lives.
We often provide advice on matters other financial advisors would never even think of addressing or don’t realize should be included in a financial plan. Our personal financial planning process begins with creating a roadmap to reach your ideal financial structure. We get to know you, your lifestyle, your financial obligations, and your goals. We then create a custom financial plan that fits your individual needs.
After we create your financial plan, we continue to check in and update the plan as needed, to ensure our clients remain on track to reach their financial objectives. We meet in person at least once per year to review your progress and assess the needs for any changes to your plan.
Areas of Financial Planning include:
- Cash-flow analysis
- Net worth analysis
- Corporate retirement plan review
- Retirement planning
- Distribution planning
- Investment allocation
- Risk management analysis
- Dependent children and education expenses
- Stock comp award planning
- Residence purchase / sale
- Real estate cash-flow analysis
- Legacy, estate, and gift planning
- Special needs planning
- Business planning
- Income reduction analysis
The Guide My Finances Process:
Step 1: 30 Minute Consultation
During this initial introduction, our advisors will get a better sense of your needs and objectives, and will help you prepare for our financial planning meeting.
Step 2: Discovery Meeting
The first step in the financial planning process, this meeting is focused on understanding your financial goals and reviewing your financial documents. We will work with you to uncover your financial goals and will review key financial information so we can construct your personalized plan.
Step 3: Analysis
Now that we are clear on your goals, we work to analyze the data you provided to find the best path to reaching your financial goals. The analysis always seeks to enhance tax-efficiency and investment opportunities.
Step 4: Plan Presentation
During this 90-minute meeting, we walk you through the recommended strategies providing you with a clear picture of your next steps. In addition we provide a summary of recommendations outlining the executable steps you will take to reach your objective. This summary will outline all of the steps to take to reach your financial plan on your own, or with our help.
Step 5: 45-day Follow Up Meeting
45-60 days after the plan presentation meeting, we meet to answer any additional questions and to review the progress of plan implementation. If hands-on assistance is needed to complete some or all of the areas of the plan, we explore ongoing engagement options, including asset management, hourly assistance, or monthly engagement.
If you would like to manage your own investments, the summary of recommendations will outline key observations and recommendations surrounding your current portfolios. If you would like us to assist with investment management, a separate investment strategy meeting is scheduled to review more detailed recommendations.