the Process
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In this conversation, we will provide an overview of how we can collaborate and decide whether you would like to proceed.
Questions we will most likely ask you:
How did you hear about us?
How much do you know about the terms "fee-only," "fiduciary," and "financial planning"?
Have you visited our website? If so, did you read "Our Clients" (located on our home page)?
Would you like to proceed to "Are we a fit? Meeting."
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During this conversation, we will discuss our processes, methods of analysis, and what it means to be a client. No payments or signatures will be collected during this meeting. This is an opportunity for us to learn more about each other.
Questions we will most likely ask you:
You have a general picture of your net worth. On a scale of 1 to 10, how satisfied do you feel with your position?
On a scale of 1 to 10, with 10 being confident, how confident or satisfied are you with your plans for your next sizeable financial expense?
On a scale of 1 to 10 – where 10 is fantastic – how satisfied do you feel about your level of communication about money, retirement, and estate planning with your spouse?
Tell me, what are you looking forward to most about working together?
What else can I answer for you about the next steps?
Where are you on a scale of 1 to 10, where ten means you want to sign the paperwork...?
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I will ask you questions (listed below) during this conversation to better understand who you are. This is a crucial step in your financial planning journey.
Questions we will most likely ask you:
Tell me your story
What brings you here today?
What are your expectations of this process?
Tell me about your experiences with other advisors.
What is your first memory of money?
What excites you the most when contemplating financial independence?
What is important to you about money?
What are you passionate about?
What roles does your career play in how you define yourself?
What do you love most about the work that you do?
What do you do to relax?
What do you want to do that you haven't done?
Tell me about how you met our husband/wife.
Tell me about your children.
Describe the values that you grew up with.
Who are you financially responsible for?
Please share any health concerns that you know about.
How important is it for you to connect with your community?
How do you make decisions for tithes and gifts?
What is important to you that we didn't discuss today?
What is the most important thing that I can do for you?
Doyou want to move forward?
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The purpose of this meeting is to help you get financially organized before we dive into creating your financial plan.
ORGANIZE PAPER STATEMENTS & FILES
Sort through financial documents
Scan and make copies as needed
Shred outdated information
MISSING INFORMATION?
If there is any missing information, we will call the relevant company and request the documents) be sent to your address of record.
ONLINE ACCOUNT ACCESS
We will log into any existing online accounts and activate new accounts. PLEASE GATHER ANY USERNAME AND PASSWORD THAT YOU ARE ABLE TO REMEMBER.
ACCOUNT AGGREGATION
After setting up all of your financial accounts, we will link them to our financial planning software, RightCapital.
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EXPECTATIONS
The purpose of this meeting is to confirm the data we have gathered so far and start to interactively use RightCapital.
UPDATE BALANCE SHEET
Confirm assets and liabilities
REVIEW GOALS & OBJECTIVES
Revisit goals set in the Discovery Meeting
Clarify your objectives
CONNECT/RECONNECT FINANCIAL ACCOUNTS
Let’s take a few minutes to reconnect any broken accounts and connect new accounts if needed.
PREFORM ANALYSIS
We will look at your strengths, challenges, opportunities & threats before evaluating alternative planning scenarios.
CONSIDER ALTERNATIVE SCENARIOS
We run a what-if analysis to determine how changing certain actions and decisions will impact your financial plan.