The Planning Process
Financial independence is derived from planning and does not come by accident. We believe planning is the key to financial success. It is the result of sound decision-making, proactive analysis and forward thinking. For the last two decades, clients have turned to Lighthouse Wealth Management to guide them through the often complex issues surrounding growing and protecting their wealth. The following outlines our process:
We introduce you to your team: your Lead Advisor, Co-Advisor, and Service Director. From there, your Lead Advisor takes the time to understand your current financial situation and your near and long-term goals – for yourself, for your family, or for your business. This discussion creates the cornerstone of our relationship with you. Together, we begin to chart the course towards your financial future.
Many routes can lead you to your destiny. To choose the right route for you, our next step is to gain a deeper understanding of your “financial personality.” How do you like to spend your money? Your time? What do you consider risk? We will explore your views on savings, investing, and your comfort level with making financial decisions. We will provide you with a personalized packet of information needed to assess your financial situation.
Once we gain an understanding of who you are as an investor, your current financial situation, and your financial goals, your Lead and Co-Advisor will perform a thorough review of your current investments, your tax situation, and your insurance needs.
4. Plan Development
Your team is now ready to design a sound, comprehensive plan that charts the course to your financial destination. Your Lead Advisor determines exactly what actions are necessary to help ensure you realize the goals established in our first meeting, Your Co-Advisor reviews the plan to add any additional insights. The result is a specific course of action detailing the steps we will take together to achieve your financial goals.
5. Plan Presentation
Together, we review the financial plan. We will explain each component, answer your questions, and ensure you feel confident that we have plotted the right course for you.
We are ready to set sail toward your financial destination. Your Service Director will guide you through the necessary financial transactions and transfers, and facilitate all details required to begin implementing your plan.
7. Lifetime Navigation
We believe in maintaining strong, trusting relationships for a lifetime. Once you set sail with us, we meet with you periodically to stay abreast of any life changes, and we keep you informed with Lighthouse’s newsletters, website, seminars, blog, Facebook and variety of social media resources. Most importantly, our Financial Planning and Investment Team continuously monitors your financial plan, and acts as a beacon to help ensure together we can “stay the course” and work towards your financial dreams.