Financial planning is a critical first step to achieving your personal financial goals and therefore is at the core of our relationship with you. We believe your needs are best met through a formal financial planning process designed to determine where you stand relative to your long-term goals, such as retirement. The planning process will help you and your advisor make informed decisions to better control your finances and your future. The planning process is the basis for a roadmap to help you accomplish your goals. Your personal financial plan will be based on independent, unbiased advice, and be fully integrated with your tax and estate planning objectives.
Your HBKS wealth advisor will introduce you to our personal financial planning process, and lead you through a conversation designed to reveal and prioritize your goals. We will cover such issues as cash and debt management, investment planning, protection planning issues including life insurance and disability income, personal income tax obligations, retirement planning, asset and income protection, and estate distribution goals. The process leads to a detailed personal financial analysis summarizing each goal, your current progress toward those goals, and a thorough set of written recommendations with specific action steps designed to help you reach those goals.
Our approach to comprehensive financial planning involves the following:
Your HBKS wealth advisor will ensure that your financial plan focuses on your personal and financial goals. We develop a detailed understanding of your current financial condition and the progress you have made toward meeting your financial goals. More importantly, we work closely with you to intimately understand your needs and aspirations. Through the goal discovery and planning process, we will address important issues such as:
You and your HBKS wealth advisor benefit from the support of HBKS experts in a vast array of financial disciplines in producing your recommended action plan a blueprint for your financial future. The plan will address all areas pertinent to your financial objectives, such as:
After data gathering, analysis and formulating recommendations, we work with you to implement the strategies outlined in your financial plan. You can be confident that you are entering a long-term, personal partnership. Your plan is dynamic and will change based on fluctuations in the financial markets, revisions to tax law, and adjustments to your personal goals and financial situation. To that end, we provide ongoing, periodic updates on your progress and keep your plan current. As well, at your request, your HBKS wealth advisor will work with your attorney, accountant and other advisors to ensure all your financial planning is well coordinated.
Your HBKS wealth advisor has access to the tax and estate planning resources of Hill Barth & King LLC. Hill Barth & King is one of the nations Top 100 accounting firms, and we benefit from their extensive expertise and resources in personal income tax planning, corporate and business tax planning, and personal estate planning. All personal financial plans prepared by your HBKS wealth advisor will be reviewed and reflect the input from Hill Barth & Kings tax professionals.