Financial Planning Process
The key to financial planning is to truly understand the client, their financial circumstances and their financial goals. Frequently this process also involves understanding the client’s family dynamics. We take time, ask the right questions and actively listen to our clients so that we gain a highly nuanced understanding. Only after we have a thorough understanding of our client, do we begin to formulate a plan.
During this phase we establish risk management parameters, create an asset allocation strategy, develop an investment policy, and ultimately develop a financial strategy and plan with your long-term and short-term goals in mind. There are times when we collaborate with other trusted advisors you have, such as your accountant, attorney, trustees or family members.
We finalize our recommendations and present them to you, answer your questions, make any necessary adjustments and outline the actions for implementing your plan. We design these plans so that they can be easily updated in the future as your circumstances change.
Once the plan meets with your approval, we implement it by making investments on your behalf. We focus on investments that meet our due diligence process, diversifying between growth, high value stocks, ETFs, bonds. We will be fully engaged in opening and transferring accounts, reviewing key issues and using the extensive resources available to us through Raymond James.
As a fiduciary it is our responsibility, not only to build and implement your investment portfolio, but to monitor and review it on a regular basis to ensure that your investments are aligned with your financial goals. Investment management is not a one-time event but rather an ongoing dynamic process that evolves as one’s assets grow and life changes occur.