When is the last time your CPA, Your Lawyer, Your Financial Advisor and your Insurance Agent all sat around one table, at one time to develop one plan for your financial future? Is the answer never? If so, you are not alone. Most people have to go to each of these advisors, then connect the dots themselves. This is why we call the financial system "Broken"; you would have to be an expert in estate planning, asset protection, investment management, tax planning and insurance. To work with us, we have a defined process to allow both firm and client to know if it will be a mutually beneficial relationship.
The Steps in Our Process:
Step One: The Discovery Meeting
This is the first step and can be done either in person or by phone. We allow up to a 60 minute complimentary meeting to see if there is a reason to work together. During the discovery meeting we will review your trusts, income taxes, asset protection, investment risks and expenses as well as your overall plan and distribution system. Once we understand what you are trying to achieve and what you are doing now we can develop a Gap Analysis. This analysis will show any:
This is what we call "DOS" and we use it to create a plan best suited to your needs.
Step Two: Performing a "CBA" or a "Cost Benefit Analysis"
Once we determine the DOS in our Discovery Meeting, we can determine what the cost would be to fix, improve or protect. As an example, if we charge $5,000 to complete a plan , but that saves you $15,000 every year in tax, then it would be worthwhile to work together. However, if based on the amount of work we see, it would only save you $5,500, then we would tell you it may not be worth the time or energy to move forward.
Step Three: Reaching A Mutual Agreement
If after the Discovery Meeting, the DOS Report and the CBA report is done we can find a basis to work together, then you and the advisor will have to have a mutual agreement that it is beneficial to form a working relationship. If that common ground is found, then a working agreement is created based on your specific plan and we will move forward to development and implementation of our plan.