The Planning Process

While the federal and local elections have been a primary focus for many of us lately, we thought this would be a good time to remember and review the core purpose and value of the work we provide:  Financial Planning.  There are many things we cannot control as it relates to managing finances, including elected officials, however there will always be things we can control, and we make those our primary focus.  When you engage us for financial planning services, the following steps are those we follow in a collaborative process with you, with the goal of helping you achieve your goals.  These have been defined by the CFP (Certified Financial Planner) Board of Standards and they are:

  1. Understand the client’s personal and financial circumstances.
  2. Identify and select goals.
  3. Analyze the current course of action and potential alternative courses of action.
  4. Develop the financial planning recommendations.
  5. Present the financial planning recommendations.
  6. Implement the financial planning recommendations.
  7. Monitor progress and update the financial plan.

As goals are made clear, appropriate tools and investment vehicles can be employed to reach those goals.  This is not a one time exercise, but a cycle we move through repeatedly as life circumstances change. 

tags

MORE RESOURCES

Artificial Intelligence Coming to Life

Artificial Intelligence Coming to Life

Artificial Intelligence (AI) has been evolving for over 75 years, starting with Alan Turing’s groundbreaking work in 1950 and the coining of the term "AI" in 1956. Its major breakthrough came in 1997 when IBM's Deep Blue defeated chess champion Garry Kasparov,...

Election Season: Easing Investor Angst

Election Season: Easing Investor Angst

During election season, an overwhelming barrage of messages inundate us. News networks provide an endless supply of political reporting. Video ads stream continually on our televisions, computers, billboards, and devices. It is nearly inescapable. The messages...

Marymount Client Appreciation

Marymount Client Appreciation

We hope you can join us for our annual client appreciation event on Saturday, November 16 at the LeMay Collections at Marymount. Doors open at 11:30am and lunch will be served at noon. Afterward, you're free to embark on self-guided tours at your own pace through...

Artificial Intelligence Coming to Life

Artificial Intelligence Coming to Life

Artificial Intelligence (AI) has been evolving for over 75 years, starting with Alan Turing’s groundbreaking work in 1950 and the coining of the term "AI" in 1956. Its major breakthrough came in 1997 when IBM's Deep Blue defeated chess champion Garry Kasparov,...

Election Season: Easing Investor Angst

Election Season: Easing Investor Angst

During election season, an overwhelming barrage of messages inundate us. News networks provide an endless supply of political reporting. Video ads stream continually on our televisions, computers, billboards, and devices. It is nearly inescapable. The messages...