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What is Comprehensive Financial Planning

As a client, a comprehensive financial planning approach provides a collaborative, one-on-one relationship with our Financial Planning Team. We will work with you to identify and prioritize your financial goals and offer guidance and strategies specific to your individual needs. 

Our team will empower you to make informed decisions about your finances, focusing on the six areas of financial planning, all of which have an equal impact on a sound financial plan:

• FINANCIAL POSITION — A review of your financial position with a better understanding of where you are right now. This will help you determine if you’re making the best choices when it comes to cash reserves and debt management and whether your income, expenses and savings are balanced and appropriate for meeting your goals.

• RISK MANAGEMENT — We can analyze your situation and help find ways to protect your famiy's income and assets and, if you’re a business owner, your business, at every stage of your life and as circumstances change.

• WEALTH MANAGEMENT — Our team can design a strategy to help you manage your assets in order to meet your financial goals by taking into consideration your personal situation and tolerance for risk.

• TAX PLANNING — When applied appropriately in conjunction with a financial plan, tax strategies can help reduce the impact of taxes on investment returns and income. Our team can provide guidance for ways to decrease, eliminate or defer taxes balancing both the short and long term view.

• RETIREMENT PLANNING — The earlier you start saving properly, the more flexibility and freedom you’ll have to choose the when, how and where of retirement. If you’re a business owner, we can help show you how to take advantage of retirement strategies to maximize your retirement savings while offering plans that can reward and retain top talent. And, for those who are near or in retirement, we can help to ensure that your savings continue to work for you through a fully developed distribution planning approach that addresses taxation, risk, and much more.

• ESTATE PLANNING — Proper estate planning can help you to pass on more of your wealth to your family and charities than to taxes. It can take into consideration the special concerns of young families with minor children, families who have members with special needs, business owners who need to address succession planning, or grandparents who’d like to help their grandchildren go to college. Estate planning can be very personal, and we are sure to approach this concern with an individualized approach encompassing all aspects of financial planning.