7 Steps to Financial Success
Step 1 | Step 2 | Step 3 | Step 4 | Step 5 | Step 6 | Step 7
Wealth Management, Inc. (WMI) incorporates a 7 Step process to Financial Success. It is a win-win approach to financial planning for clients and advisors. It spells out step by step simple to understand and implement approach to building a brighter financial future.
- Initial Inquiry
ADVISOR'S RESPONSIBILITIES: WMI provides a brief description of our services, philosophies, methodology, and fee structure. We'll direct you to our firm's Web site or mail you an introductory packet to help you learn more.
CLIENT RESPONSIBILITIES: If the client is interested in an ongoing asset management engagement or a financial plan, client will fill out an online confidential questionnaire. After the questionnaire is complete, we'll schedule a free "Get Acquainted" meeting in person or on the telephone, and at the same time provide you with additional information to help you learn more. "Get Acquainted" meetings are not scheduled for hourly only appointments.
- Get Acquainted Meeting/Teleconference
ADVISOR'S RESPONSIBILITIES: We'll meet with you free of charge in person or via teleconference. It's an opportunity to exchange information about your needs and objectives, and to provide you an estimate of the cost of our services. Remember, at WMI we do not accept commissions, and instead charge for our services on fee-only basis.
CLIENT RESPONSIBILITIES: WMI will provide a list of additional information that will be required to begin formulating your personal financial plan.
STEP 3 -
Data Gathering and Initial Preparation
ADVISOR'S RESPONSIBILITIES: After receiving your information, we'll begin to review and develop your custom financial plan.
CLIENT RESPONSIBILITIES: Collect required information and forward to Wealth Management.
STEP 4 - Interactive Goal Setting
ADVISOR'S RESPONSIBILITIES: Depending on your individual circumstances, this meeting may or may not be necessary. If it is, it can be in person or via teleconference. WMI will work with you to further discuss and clarify the information you have provided thus far, and to refine your financial goals and objectives.
CLIENT RESPONSIBILITIES: This is another opportunity for you to clarify your current situation, financial goals and objectives, and to discuss with us any additional questions and concerns.
STEP 5 - Analysis and Plan Formulation
ADVISOR'S RESPONSIBLITIES: WMI will refine the information you have provided and study various plan scenarios. We’ll conclude our research and analysis, and produce the final reports that include observations, assumptions, specific recommendations, and an action plan for your unique situation.
CLIENT RESPONSIBILITIES: All you have to do at this point is await your next meeting with your advisor.
STEP 6 - Presentation of Your Financial Plan
ADVISOR'S RESPONSIBILITIES: We'll review your personal financial plan with you and make specific recommendations.
CLIENT RESPONSIBILITIES: Congratulations! You now hold your personal blueprint for financial success designed with your financial goals in mind. You are empowered with specific recommendations to implement your financial plan. If you wish, you may employ your advisor further to assist you in carrying out that plan.
STEP 7 - Financial Checkups
ADVISOR'S RESPONSIBILITIES: Periodic update meetings and reviews are essential to maintain good fiscal health. WMI can schedule these periodic meetings with you at whatever frequency you think appropriate.
CLIENT RESPONSIBILITIES: Financial planning is an ongoing process, not a one-time event. Proper implementation of a financial plan and periodic professional reviews are crucial to reaching your financial goals. We urge prompt attention. It's about your financial future!