Step 3: Strategies
Action is required to put your financial plan into place. At this stage in the planning process, we develop specific strategies to determine how your resources can be effectively applied to address your needs.
With WealthVision, varied strategies can be proposed and tested. Investment models and portfolio analytics are incorporated into recommended strategies that are designed with a goal to help optimize returns while aiding in minimizing risk. Projections can be developed to model the results of taking recommended actions. It is possible to increase expected returns without taking on more risk, and WealthVision helps us work toward this goal.
Designing WealthVisionSM around your Financial Future: Graphical Output and Charting
Cash Flow - Analyzing the relationship between your projected income and expenses over time provides a financial baseline that is fundamental to the planning process.
Investments – Assessing your current asset allocation relative to the appropriate level of risk for your situation provides the foundation for portfolio analysis.
Savings Goals – Developing accumulation strategies to pursue a specific goal.
Retirement – Whether you are currently involved in this life transition or it is far in the future, gaining a perspective on retirement funding remains one of the most frequently requested objectives in the planning process.
Risk Management – Making provisions for the income needs of those who depend on you plays a major role in achieving financial independence.
Estate Planning – Understanding and directing wealth transfer ensures that you are in control and up to date.
A benefit of holistic planning is that it provides a comprehensive view of all areas of your financial life. During this phase, we will recommend specific solutions to help match each of your goals. This is where we implement your customized plan.
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