Financial Planning Process

Clarifying what's important to you serves as a foundation for your entire financial planning process. It's the WHY that comes before the WHAT and HOW of financial planning. It adds purpose and direction to your financial decisions, making the process more meaningful and increasing the likelihood of long-term success. 

Next is getting a clear understanding of where you stand today: what are all the parts of your financial life, what does your balance sheet, income statement, and current portfolio asset allocation look like and what decisions need to be made today and in the future?

Getting organized is an important step to building a strong financial future. It reduces stress, saves time, and provides peace of mind. Plus if you are not clear about your starting point, it is very difficult to reach the goals that you want to achieve.

AV Wealth Advisors provides automated ways of bringing together the parts of your financial life; credit cards, brokerage accounts, retirement accounts, insurance accounts, etc., - so you can get a real time view into how things change over time and  use this information to make informed decisions based on your entire financial picture, not just a part of it.

By developing a roadmap, you create a structured plan that helps you make informed financial decisions and stay on track toward achieving your goals. It provides clarity, accountability, and a sense of direction throughout your financial journey. The roadmap serves as a guide for navigating your financial journey and can flex depending on how your circumstances change over time. 

This is where I implement the various action steps on your "Personal CFO CheckList" that we have agreed upon. As your advisor, I am committed to simplifying your life for you, protecting your time, and proactively prioritizing your financial action items to relieve you of that mental burden - all while acting as a true fiduciary and putting your interest first. 

The "Monitor and Adapt" step is crucial to the financial planning process because it ensures that your plan remains flexible, responsive to change, and aligned with your changing financial situation and life circumstances. Regular adjustments help maximize the effectiveness of your financial strategy and increase the likelihood of achieving your goals.