Our Financial Planning Process
Our financial planning process is a multi-stage approach which closely mirrors commonly accepted best practices among certified financial planners.
These phases are:
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- Discovery
- Establish Goals
- Analyzing your current position
- Solution Development and recommendations
- Presenting the recommendations
- Implementation
- Ongoing Portfolio Management & Course corrections
We believe that your finances shouldn’t be a black box; so, we make every effort to make everything we do transparent and open. Below we explain each step of our process in detail, in plain language. If you have any questions about our methods please take a look at our Methodology page, or please use the form on our contact page.
Our Process
Step 1:
Discovery
The discovery phase is where we get to know you — your current financial situation, future goals, and the lifestyle you envision for retirement. At Legacy Point Financial Group, we believe that a thorough understanding of your personal and financial landscape is key to creating a tailored strategy.
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We take the time to explore all aspects of your finances, including income, assets, liabilities, and risk tolerance, so we can provide personalized recommendations that align with your vision. This foundational step allows us to design a plan that addresses your unique needs and long-term objectives.
Step 2:
Establishing Goals
“Establishing goals” is a foundational step in our financial planning process. During this phase, we work closely with clients to understand their unique financial objectives, timelines, and priorities. Whether it’s planning for retirement, funding education, growing wealth, or preserving assets, we tailor this part
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of our process to align with each client’s specific aspirations. By focusing on clear, measurable goals, we create a personalized framework that guides our advice and that every financial strategy we propose serves a meaningful purpose. This open, collaborative approach sets the stage for a financial plan that reflects clients’ values and long-term vision.
Step 3:
Analyze Your Current Position
In the analysis phase, we take an in-depth look at each client’s financial landscape to build a comprehensive picture of their present circumstances. This involves assessing income, expenses, assets, liabilities, investments, and insurance, among other factors, to identify opportunities
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and potential challenges. Our goal is to gain a clear understanding of where clients stand today, so we can pinpoint gaps and areas for improvement that could impact their future goals. By conducting this thorough analysis, we create a solid foundation for strategic decision-making, ensuring our recommendations are well-aligned with each client’s current financial reality and future aspirations.
Step 4:
Solution Development
At Legacy Point Financial Group, we create flexible, risk-adjusted financial strategies designed to fit your unique retirement goals. Whether you’re looking for a conservative plan to preserve wealth or a more luxurious strategy that allows for greater spending flexibility, our solutions are customized to meet your needs.
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We build custom asset allocation models that optimize your portfolio based on your specific risk tolerance, financial objectives, and market conditions.
Our approach focuses on sustainable distributions to help you maintain your lifestyle throughout retirement, avoiding the pitfalls of high-risk returns. By developing a personalized strategy, we develop your financial plan so that it not only supports your immediate needs but also adapts to future changes, giving you confidence and peace of mind as you move through each stage of retirement.
Step 5:
Presentation of Recommendations
In the presentation phase, we bring together the insights gained from goal setting and analysis to provide clients with tailored financial strategies. This step involves presenting clear, actionable recommendations designed to align with their goals, current financial situation, and risk tolerance.
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We walk clients through each part of the plan, explaining our rationale and addressing any questions so they feel confident in the proposed steps. Our aim is for clients to feel informed and empowered, knowing their financial strategy is thoughtfully crafted to meet their unique needs and help them navigate each stage of their financial journey with clarity and purpose.
Step 6:
Implementation
At Legacy Point Financial Group, implementation is where your customized financial plan comes to life. We begin by carefully reallocating your assets to align with your specific goals, risk tolerance, and time horizon. Whether adjusting your portfolio for a more conservative approach
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or creating a diversified strategy for growth, we make every decision transparent and easy to understand.
We also implement tax strategies designed to minimize liabilities and maximize your wealth over time, taking into account current tax laws and your long-term financial picture. Throughout this process, we prioritize clear communication, breaking down complex decisions into manageable steps so that you can make informed choices with confidence.
Our goal is to make the implementation process seamless, ensuring that your financial plan is set up to support your retirement vision from day one.
Ongoing Portfolio Management
Legacy Point Financial Group is dedicated to continuous portfolio management to keep your financial plan aligned with your evolving goals. We regularly review your portfolio, making adjustments based on changes in market conditions, tax laws, and your personal circumstances.
Our proactive approach means that your plan is more likely to stay on track, whether it’s rebalancing your investments or adjusting distribution strategies. Through consistent communication and regular check-ins, we keep you informed and engaged in the process. This ongoing attention to detail gives you the peace of mind that your financial future is secure, no matter how circumstances change over time.