As CERTIFIED FINANCIAL PLANNER™ professionals, you hire us to give you sound financial advice tailored to your needs. For most clients, this starts with a financial plan. The CFP® Board of Standards defines financial planning as “the process of determining whether and how an individual can meet life goals through the proper management of financial resources.” The Board goes on to lay out six steps to the financial planning process:
Step 1 – Initial Meeting
Getting started is half the battle! We begin by getting to know each other, seeing if we’re a good fit, and simply introducing you to our financial advice based approach. We’ll answer your questions and develop a tentative timeline of when decisions and services will be complete.
Step 2 – Discovery
What are your goals for this year? Where do you want to be in 10 years? When can you retire? We will discuss your short and long-term goals as well as your financial concerns; we will request the necessary documents to develop a plan for you.
Step 3 – Financial Plan Design
We get to work! We analyze and evaluate your financial status and work on your behalf to prepare answers to the questions you’ve asked. We may be back to you for more information during the process.
Step 4 – Develop & Present Recommendations
We will use the data you have provided to discuss recommendations that are aligned with your goals and address your concerns. We want to be sure we’ve addressed all your financial priorities and that you feel confident that you are making wise, informed decisions.
Step 5 – Implement Recommendations
This is where you start taking control of your financial life. Whether it is opening up an investment account or helping you reallocate your portfolio, we can help you implement your financial planning recommendations. You will get a clear and concise outline of what you need to do to accomplish your goals. We will coordinate with related professionals as appropriate.
Step 6 – Monitor & Review
A financial planning engagement is the beginning of a long-term relationship, where your needs and circumstances will inevitably change over time. We monitor progress in achieving your financial goals, meet periodically, and make adjustments are needed.
How will this process apply to you?
A financial planning package at CameronDowning typically includes 2-3 meetings. By the end of this process you will have simplified your financial life and gained the peace of mind you have long sought. Select a client type below where you identify most and select the financial planning package that best fits your needs.
Long Term Guidance
We enjoy developing long term relationships. After completing your financial plan, we make ourselves available to you for ongoing personal financial advice – not only in terms of investment performance and recommendations, but also in most other areas of your personal financial life. Ongoing access to CameronDowning pertains only to clients where we open and manage an investment account.
We also offer segmented financial planning. For example, some clients only need financial planning work in one or two specific areas. In this case, our hourly rate is $300 per hour (2-hour minimum) and priced accordingly.
Ready to Get Started?
Your first meeting is complimentary.