Comprehensive Financial Planning is the process of looking at where you are at with your finances, determining where you want to be, and figuring out the steps necessary to get you there. All planning is done in house with the goal of giving you a clear picture of your finances.

The service includes:

1. Goal Setting – Clarifying your goals and objectives.
2. Budget Analysis – Reviewing your spending habits to find money for funding goals or estimate income needed in retirement.
3. Tax Analysis – Determine if there are tax inefficiencies in your investment plan and maximizes deductions to increase cash flow.
4. Cash Management – Compares your income against tax and expenses to identify excess cash flow.
5. Goals Analysis – Determines your best use of cash flow towards goals and identifies an ideal investment allocation.
6. Investment Analysis – Compares current and suggested investment return, risk, and expenses.
7. Insurance Analysis – Analyzes insurance needs and risk exposures.
8. Estate Review – Compares current versus desired estate plan outcomes including a review of estate documents, account titles, and beneficiary information.

The Process generally involves three meetings and can take a month and a half to complete. The first meeting is to gather the necessary data. The second is to deliver steps 1 through six of the plan. The third meeting is to deliver steps seven and eight. After delivery of the plan the client has two months to ask questions about the plan.

If you know that your accountant, attorney, and insurance agents are taking care of your needs, you may benefit from a more focused, Strategic Financial Plan.

For more information IAM Financial's services, please read our ADV 2.

Contact Us to schedule a FREE Initial Consultation today