Financial Planning
How it works
1. Initial Meeting
- Fact gathering
- Identify objectives
- Define scope of engagement
- Fee estimate
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2. Goal Setting and Software Setup
- Outline short- and long-term goals
- Link accounts to Wealth Vision software
- Review spending and cash flow
- Risk assessment
- Collect fee
3. Final Presentation
- Provide recommendations and implementation of advice
4. Execution
- Account(s) setup
- Trade execution
5. Ongoing Monitoring
1. Starter
- Develop investment portfolio and set financial goals
- 5-year cash flow and savings projection
- Review retirement account contributions (IRA and Roth)
- Evaluate employer retirement plans
- Elect employee benefits and evaluate supplement coverage needs
2. Essentials
- Investment portfolio analysis, strategy, and recommendations
- Year-end tax planning and savings
- Stock options strategy and stock plan organization (ESPP, RSU, ISO, NQSO)
- Debt strategy for mortgage, student loans, auto loans, etc.
- Traditional versus Roth contribution analysis
- Education and college funding
- Insurance planning (Life, Disability, Long-term care)
- Assistance with major purchases such as home buying or business purchase
- Review custodial account contributions
3. Advanced
- Tax coordination meeting with your accountant
- Alternative investment strategy (private equity, venture capital, non-traditional real estate)
- Tax-qualified investment consideration (exchange-traded funds, qualified opportunity zones, deferred annuities, etc.)
- Retirement income forecasting and planning
- Concentrated stock strategies and liquidation (10b5-1 planning)
- Estate planning review – updating documents and beneficiaries as needed
- Budget analysis (spending by category, spending history, budget establishment)
- Roth IRA conversion analysis
- Annual gifting and charitable gifting
4. Topic Specific
Contact us if you would like to discuss getting advice on a specific topic or if you feel that one of the packages does not apply to you
