Financial Strategies

Integrating your financial resources

The financial environment today is fluid, complex and full of noise. Hiring an objective third party to help clarify your goals and review your current situation is important. One of the services Andy and Ben offer is Fee-based Financial Planning, which integrates all areas of your financial situation.

Client Wealth Cycle




Establishing and defining the client-planner relationship

The financial planner should clearly explain or document the services to be provided to you and define both his and your responsibilities. The planner should explain fully the deliverable (the written Financial Plan), and the fee involved. You and the planner should agree on how long the professional relationship should last and on how decisions will be made. Let the planner know how you best communicate and in what form you would like communication to flow (email/phone/in person. Also ask what your responsibilities are as far as providing complete and accurate information in a timely manner.



Gathering client data, including goals

The financial planner should ask for information about your financial situation. You and the planner should mutually define your personal and financial goals, understand your time frame for results and discuss how you feel about risk. The financial planner should gather all the necessary documents before giving you the advice you need.



Analyzing and evaluating your financial status

The financial planner should analyze your information to assess your current situation and determine what you must do to efficiently pursue your goals. Depending on what services you have asked for, this could include analyzing your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.



Developing and presenting financial planning recommendations and/or alternatives

The financial planner should offer financial planning recommendations that address your goals, based on the information you provide. The planner should go over the recommendations with you to help you understand them so that you can make informed decisions. The planner should also listen to your concerns and revise the recommendations as appropriate. In this process, it will be made clear what steps require the planner to complete and follow up and what steps require you, the client, to complete and follow up on.



Developing implementation strategies for the financial planning recommendations

You and the planner should develop strategies for how the recommendations will be carried out. The planner may also act in the role of broker or insurance agent and be able to help you carry out the recommendations or serve as your “coach,” coordinating the whole process with you and other professionals such as attorneys or stockbrokers.



Monitoring the financial planning recommendations

You and the planner should agree on who will monitor your progress towards your goals. If the planner is in charge of the process, she should report to you periodically to review your situation and adjust the recommendations, if needed, as your life changes.


Separate from the financial plan and our role as financial planner, we may recommend the purchase of specific investment or insurance products or accounts. These product recommendations are not part of the financial plan and you are under no obligation to follow them.