The Five Phases of Building your Long Term Financial Plan
At Best Times Financial Planning, we believe clients need to have a clear and detailed roadmap to achieve their goals. Through our Custom Wealth Architect™ process, we examine our clients’ unique circumstances and build individualized long term plans. The Custom Wealth Architect™ has five phases.
Phase 1 — Foundation Dialogue
The process starts with a meeting at Best Times Financial Planning to capture your personal and financial goals as well as identify obstacles and opportunities. We clarify and document how you measure success, how we will best work together, and ensure we build a Strategic Blueprint that best suits your core personal and financial needs.
Phase 2 — The Strategic Blueprint
Once your goals have been established and financial documents collected, we will present an overview of our financial assessment. The Strategic Blueprint outlines the financial focus areas we will address and how we will manage specific deliverables and timelines.
Phase 3 — Goals Navigator
We work together regarding your unique personal and financial goals. We discuss your vision for the future, your current situation, and how we work toward achieving that vision through four focus areas, including estate, investment, financial independence, and business succession planning.
Phase 4 — The Solution Activator
Having completed the focused planning components, we move into the implementation phase of your Strategic Blueprint. Collaborating with your tax and legal advisors as needed, we deploy the wealth solutions in a timely and efficient manner. You also may receive a personal Wealth Management Website to help you organize and keep your finances on track.
Phase 5 — Custom Wealth Inspector
We meet regularly to reflect, review, and discuss your plans. To best serve you and your family, The Custom Wealth Architect™ provides dynamic, relevant financial strategies that evolve with your changing needs and goals. At Best Times, we meet annually to perform a Plan Update and every four years we will carry out a Plan Renewal, which involves comprehensively updating your plan. For more information about this service, or to make an appointment to discuss your future plans, call Best Times Financial Planning today!