We want to know what is important to you and the details (to the extent that you are comfortable sharing) of your life. We want to know what is working and what is not working. What you consider problems so that we can help solve them. Then we use that as a basis to start creating your financial goals.
The next step is to help determine where you are today in relation to your goals while creating a pathway for you to go forward. We help evaluate your strengths and weaknesses of your current plan. We determine the target growth rate that is needed to achieve your goals.
We have you take a risk survey and determine an accurate risk level. It is important to get this right. We also make sure that the risk level we choose is congruent with your goals. If your goals require a higher risk level than you are comfortable with, we will make adjustments to your goals using your real risk level. This could be one of the most important aspects of the process.
We present recommendations to you that are designed to give you the risk level you want while helping you to achieve your future financial goals.
If you hire us to help you achieve your goals, we see it as we are partnering with you and the stewardship process. We take that seriously. We are here to service you. You also have access to me for any of your financial questions or if you need advice.
Besides all of the teaching resources at www.prudentmoney.com, I write a 3 to 4 page letter every week to my clients letting them know what I am seeing and any action that will be taken on their behalf. I think that education is a crucial part of the process.