This is where the real work happens
As a boutique planning firm that is intent on staying small, our advisors limit the number of ongoing financial planning clients to ensure the highest degree of service.
How We Work
Financial Wellness Review
Ongoing Financial Planning
Ongoing Financial Planning: What you can expect
We recognize everyone’s life, financial situation, and priorities are different. In all cases, we start with you.
What you can expect in the first SIX months of working together:
⦁ Let us get to know the real you.
⦁ Your fears/concerns
⦁ Your personal aspirations
⦁ Your professional ambitions
⦁ What makes you tick and what ticks you off
⦁ The vision for your “ideal” life
⦁ Be open, honest, and engaged.
⦁ Get aligned on the most pressing priorities and plan of action.
⦁ Provide you with an itemized list of information needed.
⦁ Help facilitate linking accounts and uploading information to our financial planning portal.
⦁ Provide guidance for consolidating and/or transitioning accounts.
⦁ Discuss investment education, evidence-based investing, and behavioral finance.
⦁ Create draft of Investment Policy Statement.
⦁ Link your financial accounts to our client portal.
⦁ Retrieve and upload statements to your client portal.
⦁ Complete endogenous risk and traditional risk tolerance assessment.
⦁ Review/approve wHealth Advisors Investment Policy Statement.
⦁ Provide an organized to-do list.
⦁ Identify immediate, mid-term, and long-term priorities.
⦁ Make introductions to experts when appropriate.
⦁ Be willing to work collaboratively.
⦁ Let us know the best days/times and preferred communication methods (virtual meeting, phone call, email etc.)
⦁ Get stuff done, together.
⦁ Position you to live the best life possible with the money you have.
⦁ Proactively let you know if/when any action is needed.
⦁ Have three structured meetings (see below) per year to stay ahead of any obstacles/opportunities.
⦁ Keep us abreast of life transitions.
⦁ Reflect on your progress.
⦁ Call/email/text us as needed.
THREE Meetings a year
All clients have three annual meetings. Additionally, clients also have unlimited access to their advisor, as needed.
⦁ Review and finalize previous year tax return, together.
⦁ Confirm all contributions, credits, and deductions are accounted for and optimized.
⦁ Review current year tax planning considerations, strategies, and opportunities.
⦁ Current year tax projection and tax planning
⦁ Net worth + asset allocation
⦁ Portfolio rebalancing
⦁ Periodic investing/disbursement planning
⦁ Cash flow analysis
⦁ Education Planning
⦁ Insurance reviews: Life, disability, long-term care
⦁ Property & Casualty check-ups
⦁ Estate Planning and beneficiary reviews
⦁ Debt analysis (mortgage/student loan/credit card)
⦁ Review employee benefits
⦁ Retirement + Social Security planning
⦁ Real estate: sell / rent / refi analysis
⦁ Business consulting
⦁ Stock option/ISO, RSU, PSU, ESPP planning
⦁ Accountability check-in to ensure any remaining to-dos are completed prior to 12/31
⦁ Portfolio rebalancing
⦁ Tax-loss harvesting
⦁ Roth conversion and backdoor Roth analysis
⦁ Donor Advised Fund setup + charitable gifting
⦁ Employee benefits + open enrollment elections
⦁ IRA RMD withdrawals
⦁ End-of-year net worth review
⦁ Review upcoming transitions and/or personal / professional goals for the year ahead
6 Key Value Propositions for Clients Seeking a Better “Return on Life” – What we do for you
We will help bring order to your financial life, by assisting you in getting your financial house in order (at both the “macro” level of investments, insurance, estate, taxes, etc., and also the “micro” level of household cash flow).
We bring insight from the outside to help you avoid emotionally driven decisions in important money matters, by being available to consult with you at key moments of decision-making, doing the research necessary to ensure you have all the information, and managing and disclosing any of our own potential conflicts of interest.
We attempt to help you achieve the best life possible but will work in concert with you, not just for you, to make this possible, by taking the time to clearly understand your background, philosophy, needs and objectives, work collaboratively with you and on your behalf (with your permission), and offer transparency around our own costs and compensation.
– Paulo Coelho