Many financial advisors sit down with investors with “blinders on” and discuss only a short “checklist” of typical financial areas. At Guide My Finances, we believe your financial goals are more obtainable with a comprehensive financial plan in place. We meet with individuals, families, and business owners to create a more organic relationship so that we can get an in-depth, understanding of all areas of your life that have financial implications.
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 to confirm that it is still relevant and ideal. 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 Personal Financial Planning include:
- Business Planning
- Cash Flow Analysis
- Corporate Retirement Plan Review
- Education Planning
- Employee Stock Compensation Planning
- Estate and Gift Planning
- Income Reduction Options – Many of our clients are looking to leave their corporate jobs to have a less stressful life. We work with them to evaluate how long they need to stay in their current jobs and what the minimum income they can earn to stay on track for their goals.
- Insurance Review
- Investment Allocation
- Liability Planning
- Real Estate Cash Flow Analysis
- Retirement Distribution Planning
- Retirement Planning
- Tax Planning
The Guide My Finances Process:
Step 1: 20 Minute Phone Consultation
During this initial introduction, our advisors will get a better sense of your needs and objectives, and will help you prepare for our initial in-person consultation.
Step 2: Discovery Meeting
This one-hour consultation is an opportunity to deep dive into your financial goals. We will work with you to uncover your financial goals and will review key financial information so we can better advise you.
Step 3: Analysis
Behind the scenes, we work to analyze your resources to find the path that aligns with your goals.
Step 4: Plan Presentation
During this 90-minute meeting, we review the summary of recommendations outlining the steps to take to reach your objectives. 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.