What We Do
As a Certified Financial Planning professional, we follow the CFP board of standards financial planning process.
SIX STEPS TO HELP YOU CREATE A FINANCIAL PLAN
1) ESTABLISH A RELATIONSHIP WITH A CFP® PROFESSIONAL. Your financial planner is required to explain his or her financial planning services and define each of your responsibilities. Along with compensation, you'll discuss how long the professional relationship can last and how to make decisions.
2) GATHER YOUR DATA AND DEVELOP YOUR FINANCIAL GOALS. You should gather any necessary documents and talk to your planner about your current financial situation. Together, you can define your personal and financial goals, including timeframes. You may also want to discuss your comfort level when it comes to taking financial risks.
3) ANALYZE AND EVALUATE YOUR FINANCIAL STATUS. Your CFP® professional will consider all aspects of your situation to determine what you need to do to address your goals. Depending on what services you've asked for, your planner may analyze your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.
4) REVIEW YOUR CFP® PROFESSIONAL’S RECOMMENDATIONS. Your CFP® professional will go over his or her financial recommendations, explaining the rationale so you can make informed decisions. At this stage, share any concerns with your planner so any recommendations can be revised if necessary.
5) SET YOUR COURSE. You and your CFP® professional need to agree on how the recommendations will be carried out. Your planner may carry out the recommendations or serve as your coach, coordinating the process with you and other professionals, like attorneys or stockbrokers.
6) BENCHMARK YOUR PROGRESS AGAINST THE FINANCIAL GOALS YOU ESTABLISHED. As you work toward your goals, you and your CFP® professional need to decide who monitors your progress so you stay on track. If the planner is in charge, he or she will check in from time to time, reviewing your situation and making any necessary adjustments to his or her recommendations.
To learn more visit the CFP website here: https://www.letsmakeaplan.org/other-resources/financial-planning-process
We are also fully committed to the CFP Board’s Code of Ethics and Standard’s of Conduct
A CFP® professional must:
- Act with honesty, integrity, competence, and diligence.
- Act in the client’s best interests.
- Exercise due care.
- Avoid or disclose and manage conflicts of interest.
- Maintain the confidentiality and protect the privacy of client information.
- Act in a manner that reflects positively on the financial planning profession and CFP® certification.
Read the entire document here: https://www.cfp.net/docs/default-source/for-cfp-pros---professional-stan...
Retirement Income Planning
While retirement means something different to each person, a common thread of most retirees is to maximize income, while maintaining certainty of not running out. Many also desire to leave a legacy. Retirees also want to be protected against the impact of market volatility and healthcare expense. We specialize in helping clients prepare for all aspects of retirement while taking into account all six risks of retirement planning –
- Market Volatility
- Health/Long-term Care
- Leaving a Legacy.
Insurance is not at most people’s list of most exciting topics. At the end of the day, it is intended to protect yourself and those you love from catastrophic losses. Our approach is math based and planning driven - what is the right amount and kind of coverage to mathematically optimize your financial plan to manage your goals. It is a ‘stress-test’ On your plan to help ensure that plan holds up under less than ideal conditions.
We are able to help you direction with life, disability, and long-term care insurance.
We can provide a high quality referral for property and casualty and health insurance.
Special Needs Planning
Many families have loved ones that need an added layer of planning. We specialize in creating plans that allow you to maximize benefits, keep flexibility and protect assets for your unique consideration, and to reduce anxiety.
Charitable Giving & Legacy Planning
Once your needs and wants are met, how do you leverage your wealth to make a lasting impact. How do you leave money to next generations without causing more harm than good? How do you ensure that your values live on? Learning to give effectively is as much of a skill as learning to play a new instrument. As a Chartered Advisor in Philanthropy, I can help you determine your giving goals, develop a plan, the instruments to help maximize the tax benefits as well as walk you through the ongoing giving.