Our Planning Process
OWM Financial Planning Process
STEP
1
Understand the Client's Personal and Financial Circumstances
- Values, Risk Tolerance, Family, Passions
- Income, Assets, Liabilities, Taxes
STEP
2
Identify and Prioritize Goals Alongside Clients
- Retirement Date & Desired Income
- Large Purchase, College Funding, Leaving Legacy
STEP
3
Analyze the Client's Current Course & Develop a Plan with Potential Alternatives
- Is the Client's Current Course Aligned with Values & are they on Track to Accomplish Goals?
- Is there an Alternative Plan the Client can Follow to Increase their Potential of Accomplishing Goals?
STEP
4
Present and Review Planning Recommendations with Client
- Present the Desired Financial Plan & Alternative Ideas within the Plan
- Come to an Agreeance with Client on a Plan they are Comfortable with
STEP
5
Implement the Financial Plan
- Address Implementation Responsibilities of the Client & Planner
- Craft a Desired Timeline to Implement Plan
STEP
6
Monitor and Update Financial Plan
- Meet Regularly to Monitor the Plan
- Have Client update Planner on Major Life Events