A collaborative process that enables you to review different scenarios and gain a comprehensive understanding of all the possibilities. We work together to explore various options and arrive at informed decisions.
It Starts With You.
At the heart of our approach is understanding you and your aspirations. By learning about your objectives, we craft a tailored plan that caters to your unique needs. As your circumstances evolve, we’ll collaborate with you to adapt your plan, so it remains aligned with your evolving path. Our comprehensive planning process is designed to help you build a solid financial foundation for a secure future.
So what are the steps?
During our introductory meeting, we’ll take the time to learn about you, your loved ones, your priorities, and your challenges. Together, we’ll establish your expectations for our collaboration and decide if a continued partnership is the best way forward. Our goal is to build a solid foundation of trust and transparency, so you can feel confident that we’re fully committed to helping you achieve your goals.
Welcome & Onboarding Meeting
Great news – we’re officially working together! At this first meeting, we’ll take a deep dive into your unique circumstances, discuss your personal and financial goals, and gain a comprehensive understanding of your financial situation. You’ll also receive an introduction to our client portal’s features and benefits, ensuring that you have all the tools necessary to embark on your financial journey.
Exploration & Preliminary Planning
During our second meeting, we’ll review preliminary findings and address any concerns or questions you may have. We believe in open dialogue, and we encourage you to voice any uncertainties you may have. We’ll then analyze your current financial situation and explore different scenarios, sketching a preliminary plan along the way.
In meetings three and four, we’ll finalize recommendations to guide you towards your financial goals by testing various scenarios. Our plan aims to maximize returns with solid tax planning and cost-efficient portfolio holdings. We’ll review plan assumptions, integration of recommendations, and goal prioritization.
During meeting 5, we’ll present the Financial Planning Report to you. We’ll review the final recommendations and the supporting documents used to formulate them. I will explain the thought process behind the recommendations to help you understand the recommendations.
We’ll schedule a check-in meeting 2-6 months after the plan presentation (meeting 5) to ensure you’re staying on track and to answer any questions that may arise.
Implementing the plan means putting the plan to work. But as simple as this sounds, many people find that implementation is the most difficult step in financial planning. Although you have the plan developed, it takes discipline and desire to put it into action. You may begin to wonder what may happen if you fail. This is where inaction can grow into procrastination. Next Play Financial works with clients on an ongoing basis with investment management services or on an hourly consulting basis to help clients implement the plan.
Ongoing Support & Advice
Financial planning is a dynamic process, just like life itself. Even after creating a plan, it needs to be regularly monitored and adjusted as circumstances change. Life events like marriage, children, and career changes may require modifications to your financial plans. Additionally, external factors like tax laws, inflation, and market fluctuations also affect your financial goals. We offer ongoing support through investment advisory or hourly consulting.