How Our Planning Service Helps You - Adviser Investments

How Our Planning Service Helps You

December 31, 2020

In the year’s final entry, 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.

  1. Understanding your destination. Before we start on your plan, we first spend time getting to know your goals and where you are trying to go. It could be saving for college, buying a vacation home or something else entirely. Let’s take the goal of retirement: In some cases, you may want to retire as soon as possible; we’ll discuss together how early you can sustainably stop working given your future income sources, asset level and desired lifestyle. Or you may prefer the scenic route, spending more on vacations and other splurges and working longer. Just as no two trips are alike, the same goes for financial plans.
  2. Creating your financial GPS. Often, you know where you want to end up (retiring at a certain age, buying a second home, paying off debt) but the trail there is not always clear—countless paths exist to get from point A to point B; which one is for you? If you’re heading somewhere you’ve never been before, you wouldn’t leave home without a plan. Why should getting to your financial destination be any different? That’s what we can help you solve. By taking an in-depth look at your assets, liabilities (debts) and sources of income, we can create a road map for you to follow to your goals.
  3. Laying out your path (alternate routes included). After we have a good grasp on your goals and current financial picture, we present your plan to you in an interactive setting. And going forward, we are able to adapt on the fly to present alternative routes if your situation changes. We never end a meeting without providing a set of actionable insights to determine what we believe is the best path for your journey. Along the way, it is inevitable that roadblocks or potholes emerge, like tax rates changing or health insurance premiums rising. Or, a windfall may come your way unexpectedly. That’s why a financial plan needs to be regularly updated and monitored.
  4. Remember, the journey is never-ending. Financial planning is a process, not a product. We view your plan as a living document that we will tweak and adjust along the way to ensure you are on good footing to get where you want to go.

As our chairman, Dan Wiener, likes to say, you can’t put a price on a good financial plan; so we don’t. Financial planning is an integral part of our comprehensive wealth management service. So why wait? If you’re looking for a New Year’s resolution, a financial plan is a great one for you and your family. Let’s chart your course today!

Contact your portfolio team if you would like to get started or want to update us on any recent life events that should be reflected in your financial plan—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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