Process

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The financial management process is a continuous set of six basic steps. When the sixth step is complete, work begins on the first step again. These steps coincide with pre determined meeting frequencies to complete each task.

The six parts to the financial management process are:

1. Determine the guidelines for working as advisor/client

   • Mutually agree how we will work together and define what is expected from working together

2. Determine your financial objectives and constraints

   • The hardest step in the process is establishing goals. When pen meets paper most people have a hard time defining them. The benefit of spending time on this exercise is finding out what is necessary to achieve goals

3. Review your current financial situation

   • Identify inhibitors to achieving objectives and to identify opportunities.

4. Develop a plan

   • A plan that moves you toward your objectives while ensuring your values, temperament and risk tolerance are not compromised while providing projections and recommendations. Present the plan to you and establish an appropriate review frequency.

5. Initiate the plan

   • Put into place the products and strategy. This can be associated with implementing the proper tools that are necessary to complete the job.

6. Monitor the plan

   • Evaluate with a pre determined schedule whether your plan is helping you progress toward your goals. At this time we would discuss your circumstances and how this may affect the plan as well as an evaluation of changing tax laws or other economic circumstances. Taking everything into consideration we may adjust the recommendation to allow for changing circumstances such as birth, illness, marriage, retirement, etc.