What Should You Expect During The Consultative Process?
The Initial Consultation
The financial planning process requires an investment of time and resources from each party involved so it is important to have an honest, open dialogue at the outset regarding expectations and needs to ensure we are the right fit. You can book your initial consultation right here online. There’s no cost and no obligation if you don’t feel we’re the right team for you. Click Here to schedule your free initial consultation.
The 90-Minute Discovery Meeting
We’ll develop your Total Client Profile following a 90-minute interview with you and your spouse which visually maps your current circumstances across seven dimensions. This creates a clear baseline from which we can evaluate your progress moving forward.
The Investment Plan Meeting
Many of our clients come in with an existing investment portfolio but they are not clear on the strategy being implemented, what their costs are or whether they are properly positioned to achieve the long term returns necessary to fund their future lifestyle.
We perform a Portfolio Gap Analysis examining their investments across twelve essential criteria of a well-constructed portfolio. We also create an Investment Policy Statement which outlines the proposed portfolio strategy going forward. Finally, we outline the costs and the potential tax impact of reallocating your portfolio as well as the costs involved in engaging our firm as your adviser.
The Mutual Commitment Meeting
The decision of whom to hire as your family wealth adviser shouldn’t be made lightly and never in a high-pressure environment. We invite prospective clients to take our recommendations home, review them on their own and even get a second opinion on what we’ve presented before hiring us. This provides time for you to review the recommendations away from our office and in an environment where you feel comfortable.
If you’re ready to hire us after you’ve had a chance to review our initial recommendations and gotten your questions answered, we setup the Mutual Commitment meeting to complete the engagement paperwork, fill out any new account/account transfer forms needed and begin the heavy lifting of developing your Advanced Plan.
The 45-Day Follow Up Meeting
Changing advisers and transferring accounts can come with a lot of paperwork. Fortunately, new clients aren’t left to figure it all out on their own. We set a follow up meeting 45 days after we’re hired and ask you to bring in any notices, confirmations or statements you’ve received so we can help you organize it all. We’ll go over how to read the new statements you’ll receive, setup your online logins and create your online client portal. We can also assist in uploading copies of your most important documents to your secure digital vault. This is technology is the infrastructure backbone that will be used throughout our relationship going forward.
The Regular Progress Meetings
As soon as a new family hires us, we begin setting appointments with both the members of the Planning Better Lives professional advisory counsel and contacting your preferred tax, legal and insurance professionals. We work together to develop strategies across the various aspects of the family’s plan and coordinate between the diverse specialists to bring their unique perspectives together into one cohesive plan.
Regular progress meetings are important to keep your plan moving forward so we can start delivering the results your family desires as quickly as possible.