Creating a Financial Plan
Creating a Financial Plan
Financial planning should be the foundation of everyone’s long-term goals. The best personal financial plans are customized to an individual’s needs and goals and address everything from their day-to-day finances to retirement planning, investment planning to estate strategies, and insurance to tax strategies. The best financial advice is custom too and should include additional areas of focus if the situation warrants attention to other topics.
The way we start the process of creating a personal financial plan at Partnership Wealth Management is by having our client prepare a snapshot of their current financial picture. We provide a packet and instructions for the materials they require.
After we receive the completed packet, we take three to four weeks to complete a comprehensive financial plan.
We then have a meeting with the client to review their findings, analysis and recommendations.
Clients may either take our advice and implement the plan on their own or work with us to help them manage their investments, partner with their other professionals (attorney, accountant, loan officer, etc.) to coordinate advice, review their employee benefits, and, if necessary, purchase insurance.
For ongoing client relationships, we meet at least twice a year to review progress towards our clients’ goals and to make adjustments as necessary.
We recommend that clients update their financial plan every three to five years or as they have significant events occur in their life. We also suggest doing a plan about one year out from retirement and a year into retirement as this is likely the most significant financial decision they’ll make.
The best personal financial plan should help simplify your life and have you feeling confident in your future.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Partnership Wealth Management is comprehensive financial services company. We are committed to providing our clients with financial planning and wealth management services to help them make the most of their investments. At Partnership Wealth Management we have a long history of working with the LGBT community. Among our many services we offer financial planning for gay couples and lesbian couples as well as estate planning for gay couples and lesbian couples. Financial planning is an important part of preparing for the future. Contact us today to get started: Partnership Wealth Management.