Right Sized to Your Needs
A modular approach to planning and implementation projects facilitates a balance between discipline and flexibility. The Family Wealth Collective process enables us to accommodate your priorities by clearly identifying specific objectives and desired results. They provide a transparent structure for you and your advisory team to monitor progress, as well as complete projects in a timely and mutually satisfying manner.
After the completion of each step, we mutually decide if moving forward together makes sense. This is a long term relationship we are exploring, so it behooves us to take the time to make it right. At each step in the process you will have a valuable package of well organized materials with which to move forward with or without the Family Wealth Collective.
DISCOVER – The Family Wealth Diagnostic
The Diagnostic is a complete and integrated analysis of your current financial, tax, and estate planning situation. It is an objective review of the decisions that you have already made and measures those decisions against your stated goals and objectives. The report contains year by year cash flows, liquidity analysis, and carefully scripted tools to give you a clear picture of where you currently stand.
DREAM – The Family Wealth Goal Clarifier
After you have completed the Family Wealth Diagnostic, you should have great clarity on your financial and legal situation. Now it is time to dig in and carefully consider and prioritize your goals and objectives. We offer a tool called The Family Wealth Goal Clarifier to help lead you through this phase of the process. After The Family Wealth Diagnostic has identified the best way to proceed, we move to a more in depth exploration of your goals and dreams. Here we often address more quality of life and comfort issues. We use a Financial DNA profile to determine what types of information help you to make decisions. We mutually create a family values and legacy statement. Each of these is customized to your needs, personality, and current circumstances. The objective here is to document the linchpin.
DESIGN – The Family Wealth Goal Achiever
The Family Wealth Goal Achiever explains in easy to understand text and graphics the planning ideas that will allow you to achieve your goals with financially tested techniques. A risk-reward analysis helps you determine which strategies fit your risk and complexity tolerance. Clients and advisors that have used this tool agree that it is the best communication piece available in the high net worth marketplace.
DELIVER – The Family Wealth Goal Planner Calendar
We believe even the most brilliant plan is meaningless unless it leads to action. In our experience, the time and tedium that accompany plan implementation can create frustration for advisors and clients alike. This often contributes to the failure of the planning process. The Family Wealth Goal Planner Calendar was created to assure that your plan becomes a reality. The detailed month by month time schedule assigns roles and responsibilities leading to timely, efficient, and cost effective implementation.
