Financial planning is at the very core of the life planning services we provide to individuals and families seeking to build, preserve and manage wealth over time.
The professional advisors at Summit Wealth Management Group, Inc. will work closely with you to develop an integrated, individually tailored solution to your financial challenges. Because we are an independent firm, you can rely on our objective judgment as we seek out the strategies that will work best for you, given your personal situation, goals and expectations.
Our financial planning process encompasses six primary steps:
Step 1. Identify Your Needs and Objectives
Our process begins with a complimentary discovery meeting in our offices, where we review your current status and explore your long-term financial goals.
Step 2. Gather Information
The next step is to gather your pertinent financial information, using our Wealth Management worksheet. Through this worksheet, we develop a detailed picture of your finances, including assets, insurance, any existing estate plan, risk tolerance and other relevant factors.
Step 3. Analyze Information
We then analyze this data to determine how well your current investment strategy is aligned with your objectives. Based on this analysis, we will develop strategies and recommendations designed with the goal to protect and grow your assets, manage your tax exposure, prepare for a secure retirement, plan for the transfer of your estate to your loved ones or address any other special considerations you may have.
Step 4. Develop Written Plan of Action
Step 5. Implement Plan
Step 6. Review Your Progress
After reviewing this plan with you and gaining your approval, we will begin to transfer assets and rebalance your portfolio. We then continually monitor your portfolio to make sure it is performing in line with expectations.
Over time, and through the different stages of your life, we help you remain on track towards your goals through continuous analysis and review of your:
- Cash flow and net worth, company benefits and other facets of your current financial status
- Insurance protection coverages
- Portfolio allocation with respect to your goals, risk tolerance and time frame
- Current tax strategies utilized and potential future tax planning techniques
- Retirement planning, including projections for potential income strategies
- Review of existing estate plans, trusts and asset titlements
- Issues related to your small business, executive compensation package and lifetime legacy planning wishes.