The process of creating your master financial plan is simple. The impact is profound.
These days, it’s easy to feel stretched to the limit. Immersed in your career. Looking to live well now. Trying to envision and map out the future for yourself and your family. Dealing with the complexities that come with significant wealth.
There is another way. With our guidance, you can define a master financial plan that brings all aspects of your life into sharp focus. This can bring with it an invigorating new feeling of clarity and confidence.
Steps to creating your customized financial plan:
1.
Deep dive into your situation
We initiate a rich and far-ranging dialogue about you: your family, values, attitude about risk, fears, and dreams. We also help you to think about your personal financial accounts and other related data in order to fill out a detailed picture of you and your situation.
2.
Your plan is born
We develop and present you with your plan, complete with specific strategies and actions to assist you with working toward meeting your goals. Our process acts like a map that will evolve along with you and your goals, and in response to significant life events. It will also create the context for your personal investment strategy. We design your portfolio to meet the specific requirements of your plan.
3.
Implementation is everything
Once we have your input on your plan and we’ve made all the necessary refinements, it’s time to implement. By executing on every aspect of your plan, we relieve you of another tremendous burden. This includes close coordination with the other professionals on your team, including your accountant, estate attorney and others whose skills are essential to your success. For many of our clients, we act as the leader of the team. We’re happy to do it for you, too.
4.
Perpetual motion
Life is never static. We meet with you regularly so we can update you on developments, and so you can update us. In between these meetings, we are always an email or phone call away. You are free to contact us for guidance on matters large or small, whether you’re strategizing stock options or buying a new car. In the meantime, we continue to take care of business, keeping an eye on hundreds of small, crucial details for you.
Helpful information related to financial planning:
Components of your financial plan:
Your plan is a one-of-a-kind distillation and expression of your vision. To inform it, we explore where you came from, where you are now, and where you want to go. We zero in on the values that motivate and inspire you. We determine the kind of legacy you want to leave for future generations.
We also do an exhaustive analysis of your financial holdings, income streams, tax liabilities and other obligations. With all this information in hand, we craft a multifaceted plan that addresses essential subjects, including:
Are you changing careers, or wrapping up a career and preparing for what comes next?
Do you have the right coverage to protect you and your assets? Are there gaps, or do you have more coverage than you need?
How do you manage any existing debt with a strategic plan to invest and help grow your assets?
How do you support the causes and organizations you believe in, as tax-efficiently as possible?
Whom do you want to benefit from the inheritance you leave? How do you want them to benefit? How do you communicate to your heirs about this sometimes delicate topic?
How do you best support your children and grandchildrens’ financial needs as it pertains to their educational pursuits in the decades ahead?
Do you know how to enroll in Medicare and review your Medicare plan annually?
How does this all come together?
View an example of a financial plan that we would create for you as a Modera client:
