Our Process

 

 

"Seek first to understand, then to be understood®".  Best selling auther and educator, Stephen R. Covey said it well in his best selling book, "The 7 Habits of Highly Effective People®".  Our objective in a financial planning engagement is to understand the clients point of view.  The client's point of view includes a person's or couple's biases regarding different investment vehicles.  It includes paradigms about markets.  It includes differences in opinion between spouses, partners and family members.  It includes past successes and failures in the planning process.  It even includes the client's understanding of the adviser's role in the planning process.  Planning takes devotion, hard work and fortitude.

The process of Wirth Financial & Insurance Services takes these issues into consideration at the onset of the engagement.  We want to make sure that there is a good fit and context for working together.  Trust in eachother and trust in the process to understand our client and vet the real goals from the distractions.  The process is accomplished in four stages:

 

 

Step 1: Getting to Know You- Everyone's financial situation is different. Bring statements, tax returns, and other planning and legal documents you have, to help us understand your current situation. Then: What are your financial goals, fears and concerns? Where would you like to be 3 years from now? 10 years? 25 years?  What will be your legacy?

 

Step 2: Goal Planning- With clear goals in place, we will provide you with strategies to help you get there.  That way it's easier to see how even the most challenging tasks—like paying off your mortgage or retiring early—can actually be accomplished.  As appropriate, we consult with your financial, tax, and legal advisors to make sure all efforts are coordinated.

 

Step 3: Implementation- Once you decide which of the options is best for you, we will implement the plan. This process usually involves paperwork and, in the case of certain insurance products, underwriting and a physical exam. 

 

Step 4: Reviews and Maintenance- Once the plan is in place, we will review what has been accomplished.  Depending on the type of planning implemented meetings should be held at least once per year.  This is one of the most important parts of the planning process. 

 

 

Don't Gamble®

Neither Wirth Financial & Insurance Services, nor its agents, provide tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.