The Process
The initial program for a client is developed
through a series of conferences, as well as analyses of certain
financial data. The procedure involves:
- Analysis of the client's objectives
and resources - The initial
working session with a client involves a systematic assessment,
including identification and establishment of financial and
estate objectives; review and analysis of the client's present
resources (cash flow and capital); and determination of financial
and investment temperament.
- Development of alternative programs - Using the information
gathered from the client and various financial documents, individually
tailored analyses are developed to illustrate how the client
might better structure his or her business and personal resources
to attain the client's objectives.
- Oral presentation and written documentation
of the recommendations - Alternative financial strategies and their probable consequences
are presented, along with the firm's recommendation as to specific
actions. The client's entire program is documented in a written
summary report.
- Implementation: time frames and responsibilities - Each action
selected by the client is assigned implementation responsibility
and a time frame for completion. The value of the financial
advisory services is realized from implementation. The firm prides
itself in its ability to help the client implement his or her
financial plan...working with the client's other professionals
in completing this most important aspect of the program.
- Ongoing services - The service is continual. The firm recommends
that the client's financial plan be updated at least annually
and is always available to help the client with business or personal
financial, investment, and estate issues as they arise.
- Update sessions provide the opportunity to: assess where the
client stands in accomplishing the stated financial objectives
and capital accumulation goals; review investment performance
and allocation; monitor the implementation status of prior recommendations;
and develop new strategies to address opportunities that arise.
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