Initial Planning Process
Initial Financial Planning Steps
Define the problem
20-30 minute phone/zoom call, providing an opportunity to verify that your situation aligns with our specialized capabilities. Schedule the next call, if there is agreement to move forward, within the next week.
Identify your resources
During a 60-90 minute Zoom call, we will gain a clear understanding of your financial narrative. You will outline your concerns, objectives, and share basic key financial data. If married, both spouses MUST be on the call. We will use this information to construct your personalized Prudent Wealth One-Page Plan. Schedule the next call two weeks out.
Research existing solutions
Join us for a 60-minute Zoom call to review your financial situation and discuss specific steps to enhance your financial outlook. You will receive a detailed One-Page Plan summarizing our discussion, outlining the next best steps, which includes pricing information. We'll schedule the next 10 min call one week out.
Select an approach
10 minute phone call. At the end of our process, we will encourage you to reflect on the information and insights we have provided. Our aim is to foster long-term partnerships rather than pursue quick transactions.
If you find that we do not align with your needs, we will gladly help you access resources to find another advisor who might be a better match. Rest assured, there will be no hard-sell tactics or pressure to proceed.
If you decide to move forward, we will provide you with a comprehensive list of additional information required to proceed.
Develop your prototype
Once we receive all the requested information, we'll develop your proposed plan, refining it based on our last conversations. The process length depends on how quickly you provide the necessary details. We'll keep in touch to remind you of any outstanding items. Typically, it takes us two weeks to finalize your plan once we have everything. We'll schedule the next 60-90 minute zoom call, two weeks out.
Create the Solution
60-90 minute zoom call. Creating a financial plan is straightforward, but maintaining financial health demands ongoing support. This means creating and executing actionable tasks, and continually refining your plan as circumstances evolve.
Our goal is to instill confidence in your financial decisions, freeing up your time for a more secure and fulfilling life. In the first year, we will meet 3 to 5 times (or more if needed) to fully understand your financial picture, define your goals, and establish an actionable plan.
To learn about the next step, the ongoing planning process, click here.