Most Americans will need a lot of luck when left on their own with no plan to achieve some level of financial security. The best approach to financial planning is to implement strategies that support a written financial goal. The challenge starts with knowing what matters to you or putting another way what makes them happy.
There is a difference between a financial plan and financial planning. A financial plan is a blueprint to document where you are financially today, what goals you have, and the trajectory of your net worth. A financial plan is obsolete the second it's printed, and that's where financial planning comes in. The keystone of financial planning is the relationship between the client and their trusted advisor. Often changes that occur in our life require significant adjustments to our plans. Planning is an ongoing fluid and dynamic process that is the fee-worthy value-added service the matters when working with an advisor.
The best financial plan is the one you help write. For our advice to be impactful, it needs to be highly personalized. We start by learning your story: How'd you get where you are in life?
If you have an immediate financial need, we'll start there. Otherwise, we'll help you define what matters most to you, then begin our CAP-3 process, which will help you put all the pieces of your financial puzzle together.
It was 1997, my dad decided to shudder his business and retire. It took more than two years to wind the company down; then, my dad moved back home to northern Maine to live. Within eight months of his move north, my dad's portfolio took a hit. He and my mom suffered losses in their portfolio of nearly 70%. Do you remember the "dot com" tech crash? It was more than a kick in the gut for my dad as it hurt his pride. Their portfolio never recovered, and the financial losses limited their lifestyle options for the remainder of their lives.
That's when I started to pursue a career in the world of finance. By the end of 2000, I had my credentials and was appointed with a national financial planning company. In 2003 I became an independent contractor, and in 2004 merged my practice with another advisor to start building a firm together.
In 2019 I left the firm I helped build with Andre and founded Capital Design Private Wealth. Working with my clients is the most rewarding part of the work we do as financial professionals, and I look forward to hearing your life's story if we share a course of our time together.
It starts with an introduction. Three questions to help our call be more productive:
- What lessons have you learned from what we have just been through?
- Do you know what is motivating you to review your finances or set goals?
- What financial actions do you like to do on your own?
Ready to talk?