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Personal Investors

Financial Planning2024-03-11T07:30:52-04:00

Explore our financial planning services

Financial planning is the comprehensive process of setting and achieving financial goals through strategic management of your financial resources. It involves assessing your current financial situation, identifying objectives, and creating a roadmap to help you save, invest, and manage your money effectively. At Global Advisers, we address various aspects, including budgeting, saving, investing, tax planning, retirement planning, estate planning, college planning, and risk management, to help individuals and families secure their financial well-being and achieve their long-term aspirations.

Financial planning is the comprehensive process of setting and achieving financial goals through strategic management of your financial resources. It involves assessing your current financial situation, identifying objectives, and creating a roadmap to help you save, invest, and manage your money effectively. At Global Advisers, we address various aspects, including budgeting, saving, investing, tax planning, retirement planning, estate planning, college planning, and risk management, to help individuals and families secure their financial well-being and achieve their long-term aspirations.

Each plan is uniquely tailored to your financial goals and objectives.

Financial Planning takes into consideration all aspects of your wealth and income when preparing your plan. Whether you’re in the process of building your wealth, or if you’re near to or already in retirement, all of our plans begin with a conversation. Our goal is to understand your specific needs and make your plan more manageable. When you engage with us, we prepare a financial plan that focuses on the following:

  • Analysis: Where you are now
  • Objectives: Where you want to be
  • Strategy: How to get where you want to be

Our Financial Planning Process

We follow strict guidelines when preparing something as important as your financial plan. Each phase focuses on your goals and ends with a plan designed to help you achieve your financial objectives.

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Phase I

Step 1

Understanding your personal and financial circumstances

Initial meeting

At this initial stage, we obtain qualitative and quantitative information about you and your current financial situation. We take time to analyze the information you provide to us, and we address incomplete information. This stage is vital for a successful outcome and usually takes about a week to complete.

Step 2

Helping you identify and select your goals

Second meeting

During the second step of the process, we identify and select your goals and gather additional information needed to understand your priorities. This step usually takes place at the same time as step 1, and the information you provide helps us analyze your unique situation. 

Step 3

Analyzing your current course and identifying potential alternative courses of action

Following up

After our initial and second meetings, we go to work and analyze your current course of action. Basically, this means we look at what you have been doing with your money, and we make alternative suggestions for improvement. Suggestions can range from mild to strong depending on your current course and future goals. Successful completion of this step wraps up Phase I of the process and helps us develop your financial plan.

Phase II

Step 4

Developing our financial planning recommendations

Draft

During step 4, we develop a draft of our financial planning recommendations, or FPR. Each recommendation we present considers the assumptions and estimates we used to develop the recommendation, the basis for making the recommendation, the timing and priority of the recommendation, and whether the recommendation is independent or dependent upon the implementation of another recommendation. Depending on the complexity of your plan, this can take anywhere from thirty to sixty days to complete. 

Step 5

Presenting our recommendations

Presentation

Step 5 is an exciting time for both you and us. It provides a culmination of our hard work and partnership. During this step, we present our FPR and provide extensive analysis and forward-looking recommendations. Depending on the complexity of your plan, this step can take between one to two hours to complete and can be done in person or virtually. Your plan is presented in a written format and delivered electronically via secured email. This is your opportunity to review our recommendations, take some notes, and make any changes.

Phase III

Step 6

Implementing our financial planning recommendations

Putting it into practice

Once you have had a chance to review the FPR, it’s time to put the plan to work. Once you approve the plan, we go to work by appointing implementation responsibilities; and identifying, recommending, and selecting actions, actors, products, and services needed to put your plan into action. This can include bringing in third parties, such as attorneys, accountants, and other licensed professionals needed to make the plan work. If necessary, we will recommend third parties, or we are glad to work with your own team of lawyers, CPAs, and other professionals.

Step 7

Monitoring and updating

Ongoing

Now that we’ve been partnering for a while, it’s time to check on the plan’s progress. At the step, we look at how well the plan has performed. If there were any investments implemented during step 6, how are they performing? We take a hard look at the economy now vs. then, and we make changes to the portfolio if necessary. Has your personal situation changed since step 6? Do you have a new job, house, or baby? Has your health changed,  or is someone in your life in need of assistance that requires your financial support? We take time to re-evaluate your situation, gather any new qualitative or quantitative data that is relevant, and then update your goals, your tolerance and capacity for risk, and any other important facts. 

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Hint:
You can open an account now and add money later. After your account is opened, all you’ll need to do is add your bank information for future transactions.

1. Planning fees are included for wealth management clients who meet certain criteria.

2. Expense fees are included for wealth management clients who meet certain criteria.

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