Our financial planning process is a structured approach designed to give us the information we need to put together a plan that will not only work today, but throughout the client's lifetime. Plancorp's roots run deep as a practitioner of financial planning...having begun as a financial planning firm in 1983. To this day, financial planning remains an integral part of the wealth management process...overseen by a highly competent staff that includes, among others, attorneys, CPA's and certified financial planners. It's a process that begins when a new client comes on board and continues throughout the client relationship.
The process begins with the Mutual Discovery Meeting, a face to face get together where you learn more about us, and where we learn, through the Total Client Profile, not only about your financial situation, but also about your goals, values, relationships, interests and more. The ultimate goal of this meeting: to begin the process of determining mutual compatibility.
The next step is the Mutual Commitment Meeting, where both the Total Client Profile and the financial deliverables are reviewed...and where Plancorp's investment philosophy is presented in detail. At this meeting, Plancorp also delivers a Proposal for both the investment management and financial planning services. You're asked to take the proposal with you and review it. If after review, you accept the proposal...we then move to the third step of the process.
The final step in the financial planning process is the Client OnBoarding Meeting, where the initial work on the Financial Independence Analysis begins. When completed, we then use the information generated from the FIA to create an asset allocation plan designed for your particular situation. The final step in the process is to implement the asset management plan and to continue discussion on relevant financial planning issues. This could include, among other things, the following:
- Financial Organization
- Financial Independence Analysis
- Retirement Planning
- Cash Flow Analysis
- Income Tax Planning
- Education funding Analysis
- Estate Planning Coordination
- Insurance Needs and Policy Analysis
- Business and Retirement Plan Analysis
- Employee Benefit Plan Analysis
- Business consulting