Financial Planning
As the first step, click the button below to watch our video
on Financial Planning (it will open in a small window):
Experience teaches us that financial freedom is found in a disciplined process. To help our clients attain success, we have developed the WealthCare Process™, a dynamic 6-step process that delivers peace of mind by providing a clear plan to keep you on track toward your goals. Participating in the WealthCare Process™ will also help you:
- Organize and better understand your objectives
- Create a plan supported by all of your advisors
- Benefit from advanced estate planning techniques
- Create a system to support advisor communications
- Enjoy the support and understanding of your family
- Feel more confident about achieving your objectives
Upon completion of the WealthCare Process, your financial affairs will be better organized, your investments will be integrated with your plan and targeted toward your visions and goals, and your team of advisors will work together.
You will have confidence in knowing you are on track toward your personal and financial objectives.
The “Old” Planning Process:
In the traditional planning approach, you and your spouse work with several advisors—attorneys, CPAs, insurance agents, stockbrokers, trust officers. Because your relationship with each advisor is separate from the others, the recommendations and services you receive may conflict, leaving unforeseen holes in your strategies.
The “New” Planning Process:
At Family Wealth Management, you and your spouse are the keys to a very different approach. Think of yourselves as the CEOs of your own investment “company.” As your chief financial officer, or CFO, we coordinate all your financial strategies with your other advisors, ensuring that every part of your financial plan not only makes sense on its own but also meshes with your other initiatives.
Does planning help? Just ask these MBAs
You might expect Harvard MBAs to understand the importance of planning. Yet a Harvard Business School study assessing the progress of graduates from the class of 1984 found that only 13% had a plan for their life or business, and just 3% had written it down, outlining their vision and spelling out steps to achieve it. The others with a plan merely committed it to memory.
Does planning make a difference? The results below provide a dramatic answer. After 10 years, MBAs with a written plan were earning more than three times as much as those with a mental plan—and 10 times more than those who had no plan at all. The results of this study underscore the value of taking the time and effort to produce a well-thought-out written plan and sticking to it.
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