Create or Revise Your Financial Plan - Adviser Investments

Create or Revise Your Financial Plan

December 31, 2021

Positive black couple reading documentation at home, checking agreement details together and creating a financial plan.

As our chairman, Dan Wiener, likes to say: “You can’t put a price on a good financial plan, so we don’t.” In the year’s final financial planning update, we’re taking a step back from the specifics to reflect more broadly on our financial planning philosophy and how we implement it for our clients. Here’s how we will work with you to create or revisit your financial plan in the new year so that we can help you reach your goals and achieve peace of mind.

  1. Define your destination. Before we begin your plan, we will discuss and agree on your goals and objectives. They may include saving for college, buying a vacation home—or something else entirely. Let’s take the goal of funding your retirement: You may want to retire early. We’ll discuss how soon you can stop working given your income stream, asset level and desired lifestyle. Or you may choose the scenic route: Spending some of your savings on vacations and other splurges and working longer. Just as no two trips are alike, so it goes for financial plans.
  2. Create your financial GPS. Often, you know where you want to end up (paying off debt, giving a sum of money to charity or leaving a legacy for your heirs) but countless paths exist to get from point A to point B—which one is right for you? By taking an in-depth look at your assets, liabilities (debts) and sources of income, we will work together to create a road map to follow to reach your goals.
  3. Lay out your path (including alternate routes). Once we have a grasp on your goals and current financial picture, our team will present your plan and discuss it with you in detail. Going forward, we will adapt on the fly to present alternative routes if your situation changes. Speed bumps like tax hikes or rising inflation are inevitable. Windfalls are common as well. We commit to monitoring and updating your financial plan with you regularly.
  4. Remember, the journey is never-ending. Financial planning is a process; it’s not a product or a one-and-done exercise. We view your plan as a living document that we will adjust along the way to ensure you have the solid footing to get where you want to go.

If you’re looking for a New Year’s resolution, putting together a solid financial plan is a great one for you and your family. Let’s chart your course together, today!

Contact your portfolio team to get started or to update us on any recent life events that should be reflected in your financial plan—as The Planner You Can Talk To, it’s what we’re here for.


This material is distributed for informational purposes only. The investment ideas and opinions contained herein should not be viewed as recommendations or personal investment advice or considered an offer to buy or sell specific securities. Data and statistics contained in this report are obtained from what we believe to be reliable sources; however, their accuracy, completeness or reliability cannot be guaranteed.

Our statements and opinions are subject to change without notice and should be considered only as part of a diversified portfolio. You may request a free copy of the firm’s Form ADV Part 2, which describes, among other items, risk factors, strategies, affiliations, services offered and fees charged.

Past performance is not an indication of future returns. Tax, legal and insurance information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice, or as advice on whether to buy or surrender any insurance products. Personalized tax advice and tax return preparation is available through a separate, written engagement agreement with Adviser Investments Tax Solutions. We do not provide legal advice, nor sell insurance products. Always consult a licensed attorney, tax professional or licensed insurance professional regarding your specific legal or tax situation, or insurance needs.

Companies mentioned in this article are not necessarily held in client portfolios and our references to them should not be viewed as a recommendation to buy, sell or hold any of them.

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