1 Introductory Meeting
This complimentary brief meeting can be conveniently booked directly through this website. The purpose of this meeting is to discuss the prospective client's needs, describe the services that we provide, and discuss what will be needed prior to our “first meeting.” This introductory meeting can be virtual, by telephone, or in person.
2 First Meeting
This meeting defines the responsibilities and expectations of both the advisor and the client. The relationship and timeline is defined at this stage. If agreeable to both parties, a plan will be implemented.
3 Data Gathering
To begin the planning process, we will collect various data to ensure an appropriate framework. Most of the data gathering can be collected electronically; although, some information may include paperwork that will be collected in person or by mail.”
4 Plan Creation
Once all data has been gathered, we will create an investment plan, which includes an action list and aims to maximize the likelihood of long-term life goal success. The plan will include recommendations for investment allocations based upon the client's risk tolerance, time horizon and investment objectives.
During this meeting, we will review the proposed plan and make adjustments, if necessary, based upon our review. Responsibilities are assigned for various functions in executing the agreed upon plan.
During this phase, all action items will be addressed in an appropriate timeliness. This is the stage where all of the work and preparation is put into motion. Different action items will have have different time frames. We will work with the client to ensure that all items are addressed with priority.
The monitoring stage begins as soon as the first action item of the plan is carried out. Monitoring includes making sure the recommended plan is carried out and also ensures that any material facts that could alter the plan are well communicated. Both the advisor and the client have various responsibilities in monitoring the plan.
8 Annual Reviews
We suggest a meeting annually to update risk tolerance, changes in long-term goals, lifestyle changes and update the plan. The annual meeting can be done either in person or virtually and will normally last approximately 1 hour. We also recommend at least one informal update every six months to ensure both advisor and client are on the same page and the plan is still appropriate. The semi-annual update is less formal and can be done in person, virtual or over the phone and normally lasts about 15-30 minutes. If preferable to the client, we are available and enjoy the opportunity to meet more frequently. Lastly, we recommend any material life change to be communicated immediately.