Our Wealth Management process centers on the individual. Individuals’ financial situations are unique, complex, and evolving. Getting a handle on everything can feel overwhelming - even to the most organized amongst us.Often times, it is difficult even to know how to assess if one is on track.

Working with our clients, we put together a Financial Strategy Action Plan. The Financial Strategy Action Plan is an executive summary that can be used to highlight implementation strategies and define both short-term and long-term goals. It can also be used as a good reference to share with loved ones.

Once we understand our clients' goals, we are then ready to design a customized path using our robust eMoney Advisor planning tool. eMoney aligns our clients' assets to their goals and tracks progress toward success. Using statistical modeling, we can assess the likelihood of attaining all goals. eMoney allows us to quantify the impact changes in spending and saving have on the probability of success. Through modeling, we help our clients better understand the factors that are within their control when pursuing their goals, and those factors outside of their control that need to be mitigated and managed. 

Ultimately, our process allows us to help clients gain a clearer picture of their current financial situation as well as begin to picture their future financial situation. Through our process, we strive to relieve people of the burden of financial stress and work alongside them to accomplish their unique goals.

Wealth Management Process

1. Discovery: We start with getting to know our client and their situation. In the initial conversation, our goal is to understand our client’s needs, wants, fears, and concerns. We ask about priorities and values. During the discovery process, we also strive to understand what working and communication style will work best. For the wealth management process to work, we must establish our responsibilities to our client and their responsibilities to us and the process, so we can work towards achieving their goals.
   
   
2. Data Collection: Once we’ve established the areas to prioritize and focus on, the next step is to begin the data collection. The goal of the data collection step is to gather the information necessary to put together an estimate of net worth, understand current cash flow, and assess exposure to different risks. The discovery process helps us determine the data that will be needed as well as how best to collect it. Some individuals like to work off a questionnaire or a checklist. Others prefer getting together and providing the data in a Q & A style format. Since the data collection step is so important, we work to design it around what will work best.
   
   
3. Assessment: Using the information collected in the first two steps we analyze and summarize the information gathered drafting an initial Financial Strategy Action Plan. Using our eMoney(R) advisor planning tool, we do an initial assessment of how well our client is on track to meet their goals and objectives. Depending on the results of the initial assessment, we may begin to
   identify how changes in savings, goals, and investment allocations may impact the potential success of our client. We also consider how unexpected personal occurrences could potentially impact the ability to meet all goals and protect one’s family and interests.
   
   
4. Strategy Development and Review: At our follow up meeting, we review the Financial Strategy Action Plan. We also present the initial results of the longer-term projections using the eMoney(R) planning tool. We do an initial assessment of the likelihood of success which provides an indication as to the confidence all objectives are met. During the review, we can model different scenarios and illustrate the impact on the long-term success of the plan. For example, we can show the impact of saving more, different investment strategies, making a large purchase. This meeting is very interactive!
   
   
5. Implementation: Based on the results of the strategy development and review meeting, we begin implementing changes. Our team works to minimize the time needed for implementation and is happy to participate in phone calls with
   other advisors and providers to help facilitate conversations.
   
   
6. Review: We feel one of the most important aspects of the process is the review. Changes happen. Priorities and goals can shift. Establishing an agreed upon review period helps keep everything up to date and relevant.

IMPORTANT: The projections or other information generated by eMoney(R) regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.

Based on accepted statistical methods, eMoney(R) uses a mathematical process used to implement complex statistical methods that chart the probability of certain financial outcomes at certain times in the future. This charting is accomplished by generating hundreds of possible economic scenarios that could affect the performance of your investments. Using Monte Carlo simulation this report uses up to 1000 scenarios to determine the probability of outcomes resulting from the asset allocation choices and underlying assumptions regarding rates of return and volatility of certain asset classes. Some of these scenarios will assume very favorable financial market returns, consistent with some of the best periods in investing history for investors. Some scenarios will conform to the worst periods in investing history. Most scenarios will fall somewhere in between.