Planning & Process
A Solid Financial Plan Isn’t a Luxury – It’s a Priority
Your financial plan is designed to prepare you for the road ahead by putting you in the best financial position possible. And like any good plan, it should be a resource to guide you through all of life’s expected and unexpected turns. Your financial plan doesn’t need to be complex or confusing and with our help, putting it together shouldn’t be, either. But in order to make it your blueprint for building both your confidence and your future, you should ensure it is done correctly.
Together, we’ll create a proper financial plan designed to help you:
- Examine your present financial situation
- Protect what’s important
- Accumulate wealth
- Create an optimal tax strategy*
- Plan for retirement
- Leave a legacy
By taking into account your income, expenses, investments and debt, your financial plan will provide guidance on how to manage your money to help meet your short-term needs and long-term goals – all while protecting what you have and those you care for.
To help chart a course for your financial future, we’ll follow a time-tested process that is realistic in its approach and squarely focuses on helping you achieve your goals.
Determining your Goals - First, we discuss your financial objectives to determine what you want to accomplish. Knowing where you want to go is the most important decision to make before taking any steps to get there.
Discovery - Your current financial situation is the starting point for your plan. Determining your assets and reviewing your financial statements will help assess your net worth, discretionary cash flow, expenses, current asset allocation, risk exposure, tax situation and more.
Information Analysis - Evaluating the big picture of your finances allows for better understanding of how the different elements relate to one another. Deeper analysis will help you visualize how different investment decisions may shape your future.
Formulation and Implementation - Drawn from our discussions, your personalized financial plan will be designed to help you pursue your stated goals, and will outline any immediate steps that need to be taken in an effort to start executing on the action items in place.
If at any point your needs fall outside the solutions offered by traditional financial planning, we can draw on a team of professionals who can design and illustrate strategies to address unique and specialized situations, including:
Wealth Transfer Planning - Estate preservation and liquidity planning, revocable and irrevocable trusts, charitable giving, wealth replacement and intra-family transfers and gifting.
Retirement and Distribution Planning - Sophisticated cash flow analysis, and IRA and qualified plan distribution strategies.
Business Succession Planning - Executive compensation, employee fringe benefits, arrangements, nonqualified deferred compensation, key-person insurance, and business succession planning.
Stock Options - Evaluation of various executive compensation plans including stock option plans and the tax ramifications of each.
The planning process is fluid and ongoing. It's more than just gathering information, putting a plan in place and checking in every now and again. It's our continued communication that builds trust in, and comfort with, the strategy we build together. Your involvement with the process is an essential element in its success.
Once your plan has been put into action, your progress will be regularly monitored. With each life event that occurs - the birth of a new child or one going to college, the purchase of a larger home or retirement - we will discuss the answer to your questions, talk through your options, and adjust the plan to ensure we remain focused on your goals and needs.
Our ongoing relationship, founded on trust, open communication and a mutual desire for your success, advances the process and can help you feel a greater sense of confidence in your future. You'll find that feeling to be one of the greatest rewards of financial planning.
*Consult your legal and/or tax counsel for advice and information concerning you particular circumstances. Neither Cetera Advisors LLC nor any of its representatives may give legal or tax advice.
Securities and investment advisory services offered through Cetera Advisors LLC, a registered broker-dealer, member FINRA/SIPC. Nicholas Pascarella & Co. is independent of Cetera Advisors.
Professional money management cannot guarantee that investment strategies will be successful.