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Financial Planning

In the financial planning process, we begin with you. You teach us about your goals, then we put our expertise to work, building a plan around those goals. This is accomplished, step by step, in a series of meetings:

1. Objectives & Expectations – Our first meeting. We get to know you to determine if we are a good fit to work together. Our no obligation conversation includes:

  • Discussion of your financial planning goals and expectations
  • Detailed explanation of the financial planning process
  • Walk through a sample financial plan
  • Q&A Session to address questions you have about the process
  • Decision by you to continue the process

2. Discovery – Our second meeting. We learn about you to get a detailed account of your current financial situation and your goals, including:

  • Detail your current cash flow, liabilities, retirement plans, investments, insurance policies and estate plans
  • Discuss your specific short, medium and long term financial goals

3. Plan Design – We analyze the information you provide in the Discovery meeting to create the financial flexibility and freedom you want by identifying in detail:

  • Options available (investment strategies, savings plans, etc) that could help you reach your goals
  • Risks (unexpected financial hardship, death or disability, etc) that could threaten or delay your success
  • Path Forward: a collaboratively developed, clearly detailed and actionable financial roadmap designed with realistic, measureable milestones

4. Plan Presentation – Our third meeting. We walk together through your financial roadmap and strategic options available to you. We discuss:

  • Your current financial situation
  • The resources you need to reach your goals and strategies to accumulate these resources
  • Questions you have
  • Action steps we recommend and a suggested implementation timeline
  • Decision by you to partner with us to implement and manage your plan

5. Implementation – Our fourth meeting. We work together to put your plan into action.

  • Outline the steps necessary to implement the Plan we’ve worked together to create
  • Detail how and where your cash flow and resources will be applied
  • Begin steps to establish your investment and insurance strategies to reduce risk and achieve success

6. Ongoing Plan Review – After initial implementation, we meet regularly to ensure your plan strategies stay current as your life and practice change.

  • Annual Plan Review: update your plan to accommodate any changes in your situation and make sure you are on track to reach your goals
  • Quarterly Investment Review: discuss the previous quarter in the market and your investment strategies
  • We have an open door policy! If you have questions, we’re here to answer them for you and you’re never on the clock.

Securities and Investment Advisory Services offered exclusively through Hornor, Townsend, & Kent, Inc.