Brunette & Associates takes a comprehensive approach to the financial planning process. First, we accumulate and assess the current details of your financial life – paying close attention to all your sources of wealth assets. This helps to establish a baseline from which to plan forward. As we listen and clarify the goals, we work to uncover your financial needs and lifestyle aspirations to paint a more vivid picture of where you want to be and when you want to be there.
In addition to the financial planning process of asking many open-ended questions, we will ask some very detailed ones as well:
- How much insurance do you hold?
- What is your current family cash flow?
- What 401(k), Roth IRAs, and IRAs do you currently hold?
- Do you have a will? Are any estate plans in place?
- What are your tax obligations?
Further, we will look at any group or individual benefits you may have in the areas of health, life, and disability and determine if your current coverage is appropriate or if there are gaps. We will review your most recent tax returns and annual income statements, all while paying close attention to the ultimate financial goals you wish to achieve.
Finally, we will perform a loose examination of your liabilities, long- and short-term obligations, your planned charitable giving, and ask what education needs have to be funded.
After compiling a summary of your current financial situation on paper, we will combine what you hope to accomplish and prepare a specific list of recommendations on how to best pursue and achieve your long-term financial goals.
As this process proceeds, it is important that we agree on priorities and mutually decide to implement and move forward. It is our goal is to make everything as easy and stress-free for you as we possibly can.
Even after we welcome you as a client, we will continue to stay actively involved in piloting your plan to make sure everything is on track and performing optimally. By participating in our Consolidated Wealth Management Program, you will also receive bi-annual reports in addition to regular meetings. To learn more about the program, please click here.
At Brunette & Associates, our goal in our financial planning approach is to create satisfied clients who are making measurable progress toward making their life dreams a financial reality.