Our Process
At Trinity Wealth Partners, we believe that it is important to engage in a comprehensive needs analysis with each of our clients to uncover any areas of opportunity or concern and to really find out what matters to you. This analysis is part of a holistic financial planning approach that takes into account all areas affecting your financial life including savings and investments, budgeting, debt management, tax minimization strategies, and insurance and risk management. All of these components are integrated in the wealth management process to maximize results for you. Each of our financial planners are committed to this process, which typically evolves over the course of several meetings and then as an on-going engagement.
Step One: Initial Meeting: Assessing Needs
The initial meeting is a get-to-know-you session to uncover basic financial planning needs and determine if there is a fit between you and the financial planner. Some of the topics to be covered include assessing your current financial situation, taking inventory of your assets, liabilities and expenses as well as determining your financial and life goals. The goal of this meeting is to determine where you are now and where you want to be and from there your financial planner will study your individual circumstances in order to make recommendations on the optimal way for you to get from Point A to Point B.
Step Two: Second Meeting: Recommendations
After your financial planner has had time to study your information, a second meeting will be arranged to discuss recommendations and present the financial plan that was designed based on your specific needs. Only at this time will products be discussed and only in the context of the role they play in the overall plan. A questionnaire will be done to determine your risk tolerance and from there the financial planners homework is to prepare the forms required to implement the solutions in the financial plan and you will have time to think things over.
Step Three: Implementation
After you have had time to review the recommendations made in the financial plan, a third meeting will take place to put the recommendations into action.
Step Four (ongoing): Monitoring
The financial planning process is a life-long process and you will continue an on-going relationship with your financial planner, keeping your overall plan up to date in changing circumstances.
Resources:
Net Worth Calculator (Dynamic)