The Wealth Review is specifically designed to address your immediate financial planning concerns and is not comprehensive financial planning. It is a detailed snapshot of your current situation and provides direction to your financial life.
Typical Wealth Review Topics
- Are my investments structured according to my goals, risk profile, time horizon, and tax situation?
- How can I reduce my investment costs?
- Am I saving enough to retire?
- What are the best retirement-savings vehicles for me?
- How can we save for our child's education?
- Should we open a 529 plan?
- Should funds for college be in our child's name?
- How can I develop a spending plan to help me achieve my goals?
- What type of tax strategies are right for me?
- Can I amend prior tax returns for missed deductions?
Included in the Wealth Review
- 8-10 hours of financial planning work by a CFP professional
- An appointment that answers your two or three most pressing questions or concerns
- Written Recommendations
- Proprietary analysis tools and materials
- Thirty days of follow-up via email and phone for clarification
- Application of review fees to year round Wealth Retainer service within 30 days
Not Included in the Wealth Review
- Implementation Assistance
- Specific Security Recommendations for portfolios over $200,000
- Asset Allocation recommendations unless part of the 2-3 questions
Documents typically needed for the review:
- Copies of the last three years of state and federal tax returns
- Most recent investment statements (copies)
- Additional documentation required might include
- Social Security Statement for retirement planning
- Pension Statement or projections for retirement planning
- Household Spending Amounts for retirement planning
- Estate Documents
- Trust Documents
- College Cost Projections