Financial Planning
What is Comprehensive Financial Planning?
- Executed in conjunction with investment strategy implementation
- Addresses issues pertaining to the client’s unique personal situation and financial future
- Where appropriate, includes collaboration with client’s other advisors (attorneys, accountants, insurance agents, and others)
- A thorough, in-depth, process that clearly maps out an attainable and understandable future
- Designed to provide clarity around retirement, estate and tax planning, charitable gifting, education funding, and life changes among others
GFP Financial Planning services
GFP Process
- Calculate Net Worth
- Project Lifetime Cash Flow
- Project Capital Accumulation
- Identify/Prioritize Goals
- Lifestyle
- Education
- Retirement
- Family Gifting
- Philanthropy
- Implementation
Initial Work
- Net worth statement
- Cash flow statement
- Capital accumulation projections
- Asset allocation planning
- Risk profile guidance
- Employee benefits review & elections
- Retirement planning
- College saving
- Debt management
- Social Security analysis/Medicare analysis
Supplemental Planning – building on the base plan with the following services:
- Estate planning
- Income tax planning and preparation
- Insurance planning & placement
- Philanthropy planning
- Family wealth planning
- Liquidity events
- Other unique circumstances
