Building a plansuited for you
The customized financial plan we design for you serves as the “how-to” for pursuing your goals, and bridging where you are today with where you want to be tomorrow. The process outlined here gives us an orderly way to identify relevant strategies for moving forward and fully addressing your needs.
To help you further envision your future, we can share scenarios that address specific questions you have, such as how opening a college savings plan for grandchildren or purchasing a home for children will impact your overall financial plan, or showing you how much you can realistically spend each year in retirement to make your money last. Here are the basic steps that outline the process we use for building your financial plan:
First, we’ll build an understanding of your personal goals, current financial situation, investment experience and risk tolerance. We’ll help you clearly define and prioritize your goals and evaluate the appropriate level of risk. We believe you shouldn’t be taking any more risk than absolutely necessary to meet your goals.
Next, we’ll analyze what you’ve shared with us in order to design your plan. This step may include collaborating with your other professional advisors such as your accountant and lawyer or professionals on our extended team. We present our recommendations to you, answer your questions, consider alternatives and outline the steps we need to take to implement your plan.
With your approval, we execute your customized strategy using the extensive research and resources available to us through Raymond James. This involves the selection of specific account types, investment products and optional services, and the handling of all necessary paperwork.
Once your plan is implemented, we will review the progress of your plan relative to your defined objectives and suggest any changes where needed. We accomplish this by providing ongoing reporting of your account activity and by conducting reviews. A key to this step is your involvement and communication of any significant changes in your life.