From start to finish our financial planning process typically takes 6-8 weeks depending on scheduling availability.
Understand Your Questions Call: Before establishing our ongoing relationship, we want to ensure that SDT is the right fit for your needs. Through a casual conversation, we will ask you questions and help answer your questions to see what next steps are most appropriate. If financial planning seems to be the right fit, we will schedule a Goal Setting and Data Gathering meeting.
Goal Setting & Data Gathering Meeting: During this meeting, we want to hear about the things that are important to you and that you wish to achieve both personally and financially. We also want to hear about the things that keep you up at night. Then, assuming you are well positioned financially and ready to engage, we will send you our formal engagement for signature and begin the process of creating your financial plan.
Data Confirmation Call: We will provide a detailed checklist of information to securely upload that will help us to begin analyzing your financial plan. Next, we collect your documents, create an inventory, and review your information to ensure no stones are left unturned. Then, through a follow-up phone call, we will ask new questions based on our review to ensure we understand the what and the why of your past financial decisions.
Review of Findings Call: After analyzing your information and outlining our recommendations, we want to confirm we are on the same page and help set our agenda for the strategy meeting. At this stage, we will give you a high-level overview of the analysis to use your time most efficiently during the strategy meeting.
Strategy Meeting: During this meeting, we will start by reviewing the financial plan reports on topics such as Net Worth, Cash Flow, Taxes, Protection Planning, College Planning, Retirement Planning, and Estate Planning. By the end of the meeting, we will assign action steps for you and for us to start putting your plan into action. Because of the amount of information being reviewed, this meeting is often divided into two separate sessions.
Status Check-In Meeting: Since the strategy meeting can easily create dozens of action steps for you and us, it is helpful to regroup six to eight weeks after the strategy meeting. During this meeting, we will gather updates from our last meeting, list out any unfinished items, and provide you with a brief tutorial of our online client portal.
Progress Meeting: At least annually, we will collect updated information from you to chart the progress you have made. In addition, we will review your goals, make updates, incorporate external changes (e.g., tax laws, investment markets) and make recommendations to help you stay on track for what is most important to you.
In the early stages of your career, we help you transition into practice and establish short-term goals, including cash flow analysis, home purchases, student loan repayment strategies, and protection needs, while also building a solid foundation for your financial situation as it grows and develops.
When your financial scenario becomes more complex, we take a comprehensive approach to incorporate more advanced financial strategies.
Includes Foundation & Transition Planning™:
As you look ahead at retirement, we help you create a sound strategy for lifetime income. Some want help balancing their income needs, tax liability, and concerns about the future. Many begin to think about their legacy and their impact on family and the community around them.
This service is designed for busy professionals and families with over $10 million of investable wealth who desire a central point of contact with frequent touch points.
Having a financial plan leads to making better money decisions, financial stability, and peace of mind. However, according to debt.com, only 30% of Americans have a financial plan in place.
We have compiled a list of key questions to help get you started organizing your finances. This checklist will help you determine your financial goals, and create a plan to get there.
Why does your cash flow matter, and how might you use it? The in and outflow of cash is an essential component of personal finance. It’s the fuel that powers change within your net worth. Understanding your cash flow will allow you to
better understand the opportunities within your financial situation or the deficiencies that exist.
Cash flow is almost always the differentiator
between a healthy and unhealthy financial situation. Get your free spreadsheet to start assessing your flow of wealth.
Ready to expand your financial knowledge? Our team of experts has compiled a library full of resources hand-selected to help you navigate some of the most important life decisions you will ever make. Here you will find blogs covering the latest pro-tips and financial trends, podcasts addressing common financial concerns in the medical industry, how-to videos, and more.
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