Our Financial Planning Process | Vision Wealth Management

Our Process

Our Associates are dedicated to building close and lasting advice-driven relationships with each client. Today, when choices are abundant, decisions are more complex than ever. Individuals are faced with having to make more and more crucial, informed decisions about benefit plans, retirement options, insurance coverage, asset management, education funding strategies, estate planning, savings and investments. When combined with uncertain economic conditions, tax law changes, fluctuating markets, and the multitude of products and services available today, it is little wonder that people seek professional help in the search for management of their financial security. The key to successful wealth management is in the planning process. Here is what you should expect.

Phase 1:Data Gathering

Our planning process begins with a holistic review of your current financial situation. Prior to the initial planning meeting, we ask you to gather information on all existing assets and liabilities including employee benefit programs, retirement plans, investments, all insurance policies, Wills and Trusts, tax returns, and any other relevant information or documents. During the initial data gathering meeting, this information is reviewed in detail, your risk tolerance is determined and financial and other planning objectives are established and prioritized.

<span>Phase 2: </span><span>Analysis & Review</span>

Phase 2: Analysis & Review

Information provided is reviewed and analyzed. Based upon the established priorities, risk profile, and planning objectives, we prepare a plan of action for implementation of our specific product and planning recommendations.

Phase 3: Plan Implementation

Based upon the priorities you established, we prepare a plan of action for implementation of our specific investment, insurance, and planning recommendations. Where work is needed from outside advisors such as an attorney, accountant, or banker, we can coordinate our planning with your current advisors or refer you to other professionals in these areas.

Phase 4: Ongoing Monitoring

Planning is not static. Having a disciplined approach to reviewing your investments, insurance plans, and other planning is important to achieving your planning objectives. A review should be conducted on an annual basis, or more often, as circumstances dictate. This will enable your plan to keep up with your personal financial goals and objectives as they change as well as with changes in areas such as tax law, employee benefit programs, your investment philosophy, and economic conditions.