Our Process

We help individuals and families plan their financial futures. Our typical client is the “millionaire next door” who has entered the later stages of their career or early retirement with approximately $1 to $3 million or more in investable assets – some more, some less. We currently serve approximately 55 families. We are currently taking on new client relationships.

How We Are Compensated

We use fee-based accounts. We all either do better – or not – together. Fees are assessed on accounts quarterly. The amount of the fee depends on the asset level of the client and the work involved.

Fiduciary Care

We operate under fiduciary standards, which requires us to put our clients’ interests ahead of our own.

What to Expect During the Financial Planning Process

Get Acquainted Meeting

  • Ask each other questions.
  • Explore and determine whether a good working relationship can be established.
  • Address client expectations.
  • Discuss investment philosophy.
  • Review fees.
  • Clients to give consideration to financial goals, if proceeding to the next meeting.

Financial Planning Meeting #1

  • Bring detailed financial information to this meeting:
    • Investment statements.
    • Employer retirement plan statements.
    • Social Security and pension estimates.
    • Insurance policies and/or coverages.
    • Information on other assets (i.e., rental properties).
    • Loan/debt/mortgage information – terms of loans and dates of origination.
  • Review and discuss anticipated client spending/lifestyle (i.e., budget).
  • Set financial goals.
  • Discuss client risk tolerance – i.e., comfort level with fluctuating investment values.
  • Obtain following information for next meeting:
    • Legal names, DOB, address.
    • Dependent names and DOB.

Financial Planning Meeting #2

  • Present financial plan.
  • Make corrections, as needed.
  • Review action plan for pursuing goals.
  • Investments, estate planning, tax strategies and insurance protection.
  • Review investment portfolio that supports goals in financial plan.
  • Obtain following if moving to plan implementation:
    • Social security numbers.
    • Obtain beneficiary information to designate on accounts.
    • Occupation and employer address.
    • Emergency contact information.

Plan Implementation Meeting

  • Forms signed to establish accounts and transfer funds.
  • Assign duties, if needed (i.e., clients initiating transfers of employer plan retirement benefits).
  • Powers of attorney obtained, if any.
  • Prospectuses and other regulatory disclosures provided.

“Onboarding”

  • Introduction to LPL Financial.
  • Welcome letter and instructions provided to client on how to access accounts online.
  • Client is granted online access to financial plan.

60-Day “Reinforcement Meeting”

  • Set 60 days after plan implementation to review and confirm strategies in financial plan.
  • Meeting reinforces the goals set in client financial plan.
  • Address concerns and answer client questions.

Client Communication – What To Expect

  • Regular client meetings – usually every six months.
  • Client events – generally 4-8 per year (seminars and social events).
  • Newsletters – typically 2-4 per year.
  • Emails addressing market conditions – if stock prices drop 10 to 20 percent.
  • Phone calls addressing market conditions – if stock prices drop more than 20 percent.