Financial Planning


A financial plan is not just about money. It is about aligning and allocating your money and resources with what matters most to you.

Financial planning, in its simplest form, is about aligning your money with your aspirations. It’s not just about accumulating wealth, but more about using that wealth to create the life you want. It’s about understanding your current financial situation, defining your financial goals, and then crafting a plan to bridge the gap between the two.Financial planning isn’t about predicting the future or making precise forecasts. No one can do that. Instead, it’s about preparing for a range of possible outcomes and ensuring you have the flexibility to adapt as circumstances change. It’s about making informed decisions today that set you up for a better tomorrow.

The Process

The six-step financial planning process is a comprehensive method that brings structure and order to your life.

The planning process empowers you to confidently make informed decisions and progress towards your goals. The beauty of this process is that it transforms something as complex and daunting as financial planning into a more manageable, structured system.

Step 1

Introductory Meeting

In the “Introductory Meeting,” we work to establish a mutual understanding between you and our team. We outline the services we offer, discuss fee structures, and listen to your financial goals and concerns. This no-obligation session sets the stage for our potential partnership, allowing both parties to assess compatibility and decide on next steps.

Step 1

Step 2

Personal Financial Inventory

We’ll work hand in hand with you to gather all relevant financial information. We’ll explore your income sources, carefully consider your expenses, delve into your assets and liabilities, and consider any other pertinent details necessary for creating a comprehensive financial plan. We’ll explore your income sources, carefully consider your expenses, delve into your assets and liabilities and consider any other pertinent details necessary for creating a financial plan.

Step 2

Step 3

Initial Review & Analysis

During the review and analysis stage, we meticulously examine multiple facets of your financial profile. This includes your sources of income, spending habits, assets, liabilities, investment portfolios, tax obligations, and risk tolerance. Through this comprehensive evaluation, we identify your financial strengths, weaknesses, opportunities, and potential challenges. Our approach employs both quantitative and qualitative methods to derive meaningful insights

Step 3

Step 4


In this stage, we develop a customized roadmap to achieve your financial goals. Think of it as crafting a blueprint for your financial success. Our approach is holistic, taking into account both short-term and long-term objectives such as retirement planning, home buying, education funding, and legacy planning. The goal is to create a financial plan that is in harmony with your unique circumstances, values, and priorities.

Step 4

Step 5


During the implementation stage, we will execute the strategies and recommendations outlined in your financial plan. We aim to bring your financial goals to fruition. This stage includes setting up relevant accounts, making adjustments to your existing financial structure, and aligning your investments, insurance, and retirement plans. We keep open communication throughout this process and provide regular updates and reports to keep you informed.

Step 5

Step 6


We carefully keep track of your financial plan to ensure that it continues to align with your goals and current situation. We understand that life is ever-changing and that plans must adapt accordingly. By frequently monitoring and meeting, we can identify and execute necessary changes to optimize your outcomes and keep your plan on track, regardless of what life throws your way.

Step 6

The Components of a Financial Plan

The financial plan consists of several crucial components that collaborate to create a holistic structure for managing your money and reaching your objectives.

By concentrating on these components and formulating a strategy, we can help you gain deeper insight into your current financial position and make mindful choices in working towards achieving your goals.

Financial planning is a tool to sync your money with your life’s priorities. It’s about making sure your resources fuel what you truly value. To make this tool effective, we need to understand the ‘why’ and the ‘what’ of your financial journey. This comprehension gives birth to your financial mission statement – a succinct, personalized manifesto of your financial goals and priorities.

Statement of Financial Purpose
Your statement is a reflection of your unique financial dreams and realities. It’s a compass that guides your financial choices towards your life goals, ensuring your money is invested in things that bring you joy, security, and satisfaction. During financial turbulence or market volatility, your mission statement can act as a steadying force. This grounding effect can soothe your worries and prevent hasty decisions that could derail your long-term objectives. By keeping your financial mission at the forefront, you’ll be better prepared to navigate your financial journey and make choices in sync with your values and aspirations.

Following the steps below, we work with you to create a statement reflecting your financial goals and aspirations.
  1. Value Reflection: Contemplate what’s truly important to you and what you want to achieve in life. This could range from family, career, health, personal growth, or other vital facets.
  2. Goal Setting: After identifying your values and priorities, set precise and realistic financial goals that echo them. These goals should be SMART (Specific, Measurable, Achievable, Relevant, and Time-bound).
  3. Statement Drafting: Create a succinct and clear mission statement encapsulating your financial purpose, integrating your values, priorities, and goals.
  4. Statement Refinement: Your financial mission can shift as life circumstances change. Regularly revisit and tweak your statement to ensure it stays relevant and in tune with your current values, priorities, and goals.
The heart of personal finance beats to the rhythm of cash flow. It’s about knowing what’s coming in and what’s going out – a clear view of your financial landscape. By tracking your earnings and spendings over a set timeframe – say a month or a year – you gain the power to make savvy financial decisions and chase down your goals.

Here’s how we’ll tackle your cash flow together:
  1. Sourcing the income: We’ll take into account all avenues of your earnings – be it your paycheck, bonuses, rent, interest, dividends, or anything else that brings in money.
  2. Tallying the expenses: We’ll jot down every penny spent, from the fixed costs like rent, utilities, insurance, and loan repayments, to the variable ones like groceries, entertainment, and travel.
  3. Crunching the numbers: By subtracting your expenses from your income, we’ll find your net cash flow. If it’s positive, you’re in the green. If it’s negative, you’re spending more than you’re earning.
  4. Evaluating the outcome: We’ll scrutinize your cash flow to pinpoint areas where you can amp up your income or trim down your expenses. This might mean reigning in discretionary spending, boosting your earnings, or tweaking your financial goals.
  5. Keeping tabs and tweaking: Your cash flow isn’t set in stone. We’ll keep it updated to ensure you’re on track with your financial plan. If your financial situation or goals shift, we’ll recalibrate accordingly.
For financial stability and wealth growth, you can’t ignore tax strategy. It’s a detailed look at your financial blueprint, designed to ensure you’re not paying more tax than you should. By scrutinizing every element of your plan through the lens of tax, you can shape your strategy to lessen the tax bite.Tax strategy takes into account:
  • Income Timing: When you take income can have major tax implications. This is particularly important if it could push you into a higher tax bracket.
  • Purchase Timing and Size: The when and how much of your spending can also influence your tax bill, particularly when it comes to big-ticket items like property.
  • Investment and Retirement Strategy: Picking the right investments and retirement plans is key to tax efficiency.

Key Elements of Tax Planning:
  • Lowering Taxable Income: A primary aim of tax strategy is to find ways to shrink taxable income. This can be done through certain investment vehicles that offer tax perks, or by making the most of deductions and exemptions allowed by tax laws.
  • Delaying Tax Bills: Another tax strategy tactic is to put off tax payments through certain investments, like retirement funds, that let you defer tax liabilities.
  • Selecting Tax-Friendly Investments: Not all investments are taxed equally. Grasping the tax consequences of different investments can help you hold onto more of your earnings.
  • Estate Strategy: To prevent your estate from being hit with a hefty tax bill after you’re gone, tax strategy includes thinking about your estate plan.
  • Year-End Tax Strategy: At the end of the fiscal year, it’s vital to review your financial blueprint to make any eleventh-hour tweaks that could further cut your tax bill.
  • Retirement Strategy: Tax strategy is vital to retirement planning. Some retirement plans offer tax deductions on contributions, lowering your overall tax load.

In short, tax planning’s main goal is to find the most tax-friendly way to carry out all parts of a financial blueprint. It’s a fundamental piece of a comprehensive financial plan. With the right guidance, you can navigate the maze of tax strategy and ensure your financial blueprint is fine-tuned for the best possible tax results, in line with your financial aims and risk comfort level.
Risk Management & Insurance Planning involves identifying potential risks and threats to your financial well-being, such as loss of income due to disabilities or illnesses or property damage from natural disasters or accidents. The aim is to plan for the unexpected and protect yourself and your family from financial devastation in case the worst happens.

Four Ways to Manage Risk
Risk management is identifying, assessing, and prioritizing risks and taking steps to minimize, monitor, and control those risks. There are four main ways risk can be managed:
  1. Avoidance: This means altogether avoiding a risk. An individual can eliminate or completely avoid a potential risk by choosing not to engage in an activity or situation that could lead to a negative outcome. For example, an individual can avoid getting into a car accident by choosing not to drive.
  2. Reduction: This involves taking steps to reduce the likelihood or impact of a risk. An individual can reduce their risk by taking steps such as purchasing insurance or installing smoke detectors in their home. By reducing the likelihood or impact of potential risks, an individual can maintain a degree of control over their life.
  3. Transfer: This means transferring the risk to someone else. Individuals can transfer risk by purchasing insurance or transferring ownership of assets to protect them from potential loss or damage. By transferring risk to another party, such as an insurance company, an individual can minimize the potential for financial losses.
  4. Retention: This means accepting the risk. An individual can choose to retain the risk by accepting the potential losses associated with a particular activity or event. Retaining risk means that an individual takes responsibility for the consequences of their actions and is willing to accept the potential losses that may result.

How Does Insurance Planning Fit into Financial Planning?
  • Risk Identification: Insurance planning begins with identifying your potential risks. This involves assessing your specific life situation, needs, and financial goals and identifying any risks that could impede these goals.
  • Risk Evaluation: Once risks are identified, they’re evaluated based on their potential impact on your financial goals. This step lets us understand which risks pose the most significant threat to your financial stability.
  • Risk Management: An appropriate risk management strategy is selected after assessing risks. For some risks, you might decide to retain them, especially if you have sufficient savings to cover potential losses. It’s prudent to transfer larger risks to an insurance company.
  • Insurance Policy Selection: If risk transfer is the optimal solution, the next step is identifying the most suitable insurance policies. These could include life insurance, disability insurance, health insurance, auto insurance, homeowner’s insurance, liability insurance, long-term care insurance, or annuities.
  • Policy Review and Update: Insurance planning is an ongoing process. As your life circumstances change, so too will your insurance needs. Regular reviews and insurance coverage updates ensure you’re always adequately protected.

A well-thought-out insurance plan acts as a financial safety net. It can help maintain your lifestyle and protect your financial resources if unexpected events occur. Additionally, certain types of insurance, like life insurance, can serve estate planning purposes.
For those inclined towards philanthropic pursuits. Charitable Planning is a strategic approach that enables you to make significant contributions to charities while benefiting from financial and tax advantages. Charitable planning incorporates a variety of strategies, each tailored to your individual needs and preferences. Here are some examples:
  • Direct Gifts: The most straightforward way to donate to a charity, typically involving cash or other assets.
  • Gift Annuities: A strategic donation to a charity that provides you with a fixed income stream, typically for the rest of your life.
  • Charitable Trusts: More complex strategies where assets are placed in a trust that provides income to a charity for a certain period, with the remaining assets eventually going to the beneficiaries.
  • Donor-Advised Funds: This strategy allows you to make a charitable contribution to a specific fund, receive an immediate tax benefit, and recommend grants from the fund over time.
  • Endowments: Endowments are funds where the initial donation is invested, and the investment income is used to support a charitable cause.

Charitable planning carries multiple benefits beyond simply contributing to a cause you care about. Some of these benefits include:
  • Tax Advantages: Charitable donations often qualify for income tax deductions, which can reduce your overall tax burden.
  • Estate Planning: Incorporating charitable giving into your estate planning strategy can potentially reduce estate taxes and ensure your legacy continues in the causes you value.
  • Investment Strategy Alignment: Charitable planning can align with your investment strategies by transferring appreciated securities to charities, avoiding capital gains taxes.
  • Philanthropic Goals: Above all, it provides a systematic approach to achieving your philanthropic goals and making a difference in the areas that matter to you.

As financial planners, we guide you in integrating charitable planning into your financial strategy. This process involves understanding your values, philanthropic goals, and financial situation. We then tailor a plan that aligns with these elements, considering the potential tax advantages and estate implications.
Charitable planning is a highly personal process that fits your unique circumstances, needs, and wishes. We look forward to the opportunity to work with you, guiding you through your financial future and helping you make a lasting impact on the causes you care about.
Education Planning is a proactive approach to securing funds for future educational needs. Whether the funds are for your children or grandchildren’s education, pursuing further education, or even for a career change, Education Planning provides a roadmap to meet these needs.

  1. Defining the Goal: The first step in Education Planning is identifying the educational goals. These goals can range from undergraduate or graduate degrees to vocational or technical education. The time horizon, or the years until these funds will be required, is also considered.
  2. Estimating Costs: With a clear understanding of the goal, we move on to estimating the future costs of that education. This involves examining current educational costs and accounting for inflation rates—especially education-specific inflation, which often outpaces the general rate.
  3. Creating a Saving Plan: The next step is formulating a savings plan. This typically involves making regular contributions to a designated savings or investment account. The amount and frequency of these contributions are determined based on the goal amount and time horizon.
  4. Investment Strategies: An investment strategy is devised to grow your savings over time. This strategy will consider your risk tolerance and the time horizon and may suggest a mix of conservative and aggressive investment options.
  5. Selecting Education-Savings Vehicles: There are several education-specific savings vehicles available, such as 529 plans, Coverdell Education Savings Accounts, UGMA/UTMA accounts, and more. The most beneficial option will be selected based on your unique financial situation and goals.
  6. Review and Adjust: As with all financial planning, it’s essential to regularly review and adjust the plan as needed. Any changes in your financial situation, shifts in the cost of education, or fluctuations in the financial markets may necessitate updates to your plan.

Education Planning aims to provide peace of mind, ensuring that when the time comes, the necessary funds will be available for education without compromising other financial goals, such as retirement savings. It’s all about finding a balance that secures a promising educational future for you or your loved ones while maintaining your current lifestyle and future financial stability.
Retirement planning is preparing for life after paid work ends, financially and in all aspects of life. This process involves various factors, including how much you need to save while working, the suitable retirement accounts for your situation, and the kinds of investments that can help grow your savings over time.

  1. Identifying Retirement Income Goals: The first step in retirement planning involves establishing your preferred lifestyle in retirement. The annual income needed to sustain that lifestyle is calculated considering numerous factors such as your expected healthcare costs, desired retirement location, travel plans, and emergency fund.
  2. Estimating Required Savings: Once your annual income requirement is estimated, the next stage is to calculate the savings needed to provide that income. This calculation involves assumptions about your expected lifespan, the rate of return on your investments, and the inflation rate.
  3. Choosing the Right Retirement Accounts: Several retirement accounts provide tax advantages to encourage long-term savings. These include 401(k)s, Individual Retirement Accounts (IRAs), and Roth IRAs, among others. The account choice depends on your income, expected tax rate in retirement, and whether your employer offers a retirement plan.
  4. Investment Planning: Investing is crucial in reaching retirement savings goals. Your investment strategy will be based on your risk tolerance, investment horizon, and specific income goals. A common strategy to manage risk is diversification, which involves spreading your investments across various asset classes.
  5. Regular Reviews and Adjustments: Retirement planning is not a one-time process. Regular reviews and adjustments of your plan are vital to consider changes in your income, personal circumstances, financial markets, and tax laws.
  6. Estate Planning: A crucial yet often overlooked aspect of retirement planning is estate planning. This process involves determining how your assets will be distributed after your death. Although it can be a complex topic, ensuring your estate is transferred according to your wishes and as tax-efficiently as possible is essential.

In the retirement planning journey, we act as a guide providing objective advice and aiding in making informed decisions. This comprehensive approach ensures you can retire with financial security and peace of mind, living the lifestyle you envision. The ultimate goal is to help you develop a personalized retirement plan that best suits your needs and aspirations.
Investment planning is a key aspect of financial planning that helps individuals secure their future financial well-being. This systematic and strategic process is designed to help you reach your financial goals using various investment tools. A more comprehensive explanation of our Investment planning process and philosophy can be found here. Here is a brief overview of what investment planning entails:

  1. Setting Investment Goals: This is the foundation of the investment planning process. It involves identifying and clarifying your financial goals, whether buying a home, preparing for retirement, funding your child’s education, or achieving any other monetary objective.
  2. Risk Assessment: Every investment carries some degree of risk. Hence, evaluating your risk tolerance in the next step of investment planning is crucial. Risk tolerance encompasses your capacity for financial loss, investment time horizon, and emotional comfort with market volatility.
  3. Asset Allocation: Once we understand your goals and risk tolerance, we’ll decide on the most appropriate asset allocation strategy. This involves distributing your investments across various asset classes, such as equities, bonds, and real estate. The goal of diversification is to balance risk and reward, potentially reducing the volatility of your portfolio over time.
  4. Selecting Investment Vehicles: Specific investment vehicles are then selected in accordance with your risk tolerance and time horizon. These might include individual stocks or bonds, mutual funds, exchange-traded funds (ETFs), or other suitable investment options.
  5. Regular Review and Rebalancing: Investment planning is not a one-and-done process; it requires constant monitoring and adjusting. The investment strategy must adapt as life circumstances, financial goals, and risk tolerances change. In addition, different investment performances may cause your actual asset allocation to deviate from its target, necessitating periodic rebalancing.

Investment planning provides a structured approach for managing and growing wealth over the long term. It’s about making informed decisions, taking calculated risks, and adjusting strategies to help achieve your financial objectives. Also, it’s about continually adapting to change.
In life’s ever-changing landscape, significant expenses and lifestyle adjustments are inevitable. Whether you’re planning for positive milestones like buying a home, starting a business, sending a child to college, or preparing for unplanned circumstances such as health-related costs or transitioning through a divorce, effective financial planning is crucial.Our approach to navigating these changes effectively consists of three key steps:

  1. Identifying Potential Financial Impacts: The first critical step involves understanding the potential financial impacts of significant life changes. This could mean estimating the cost of a planned expense or assessing the financial implications of a change in your employment status. A comprehensive look at your financial situation and potential future scenarios helps provide a clear picture of how these changes might affect your financial health, building a robust plan to withstand these impacts.
  2. Creating Savings Plans: Once we have clarity on the potential impacts, the next step is creating a savings plan. This ensures you have the necessary funds when you need them. Depending on your income, lifestyle, and the nature of the expense, this could be a regular savings plan, a lump-sum deposit, or a combination of both. The goal is to create a feasible, realistic plan that aligns with your financial capabilities and objectives.
  3. Adjusting Budgets and Investment Strategies: As your financial circumstances change, so should your budgeting and investment strategies. An increased income may allow more aggressive investment strategies to grow your wealth. Alternatively, facing a major expense might require rebalancing your budget and investment portfolio to ensure sufficient liquidity. Your risk tolerance and long-term financial goals will always be considered during these adjustments.

Life changes and your financial plan should adapt accordingly. It’s not just about weathering the storm; it’s about turning these changes into opportunities for financial growth and stability. Rest assured that we are committed to guiding and supporting you every step of the way, helping you confidently navigate your financial journey.

A One-Page Financial Plan

A one-page financial plan is a simplified yet powerful, approach to personal finance and investing.

It’s a distillation of your financial goals, priorities, and strategies into a single, concise document that serves as a roadmap for your financial journey. The beauty of a one-page financial plan lies in its simplicity, which encourages clarity of thought and purposeful action.

The concept of a one-page financial plan acknowledges that life is complex, and our financial situations are often intertwined with our emotions, aspirations, and unique circumstances. However, it also recognizes that, at its core, personal finance is about making smart decisions with the resources we have, and that these decisions can often be boiled down to a few key principles.
An example of our One Page Financial Plan

Client Services

We believe in the power of consistency and communication to deliver exceptional service.

That’s why we’ve designed an Annual Client Service Calendar, a tool that allows us to stay in sync with you throughout the year. This calendar is more than just a schedule; it’s a commitment to nurturing our relationship with you. By setting regular meetings, portfolio reviews, and goal-tracking sessions, we create an environment where your financial well-being is our top priority.
Abstract Financial Plan Graphics

Annual Client Service Calendar

Financial Planning

Frequently Asked Questions

Financial planning is the process of setting monetary goals and creating a strategy to achieve them. This involves assessing your current financial situation, setting short-term and long-term objectives, and developing a plan to help meet those objectives.
Financial planning provides a roadmap for your financial future. It allows you to understand how each financial decision affects other areas of your finances, helps you navigate life’s uncertainties, and ensures you’re well-equipped to meet financial goals and secure your financial wellbeing.
Everyone! Whether you’re just starting out in your career, preparing for retirement, or anywhere in between, financial planning can help you make informed decisions and achieve your financial objectives.
The sooner, the better. Even if you’re starting with small steps, beginning early can have a compound effect on your savings and investments.
It’s recommended to review your financial plan at least annually. However, significant life events like getting married, having children, changing jobs, or receiving an inheritance may necessitate more frequent reviews.
While investment planning focuses primarily on the selection of investments to achieve specific financial goals, financial planning covers a broader range of topics, including budgeting, tax planning, insurance, retirement, and estate planning.
While there are no guarantees in finance, a well-constructed plan, combined with regular reviews and adjustments, can significantly increase the likelihood of achieving your financial objectives.

Join Our Mailing List