Getting Started
Our Process
Understanding and identifying your goals comes first in the financial planning process. This starts with a meeting that allows for a confidential discussion about how we can be of service to you. After our initial meeting, a financial planning agreement and proposal will be presented to you to provide guidance throughout the implementation process and monitor progress over time.
Every client’s financial plan is unique, Kyle A Kay, CFP®, AIF® adapts your plan as your life evolves.
Our planning process
Everything begins with a solid understanding of your needs.
- Understand the Client’s Situation
We gain an understanding of the family’s financial circumstances by gathering information on their current finances, risk tolerance, and exposure to risks (e.g., longevity, economic, liability, healthcare), following a specific order to develop informed recommendations.
- Identify and Prioritize Goals
We review the gathered information with the client to mutually identify and prioritize their goals, ensuring alignment on objectives and assumptions to create a personalized financial plan.
- Define the Planning Relationship
We determine the scope, duration, and compensation arrangement for our services, disclosing any conflicts of interest, and memorialize this understanding in a written financial planning agreement.
- Gather Supporting Documents
We collect confidential supporting documents, including tax returns, estate planning documents, insurance policies, income sources, and investment statements, for a comprehensive review, adhering to our privacy policy.
- Develop and Propose Recommendations
We evaluate potential solutions for each prioritized goal, develop tailored recommendations using financial modeling, and identify any additional professional support needed, presenting these for client approval.
- Implement and Monitor the Plan
We implement agreed-upon solutions, monitor their performance and effectiveness as outlined in the planning agreement, and provide ongoing support, adjusting the plan as needed based on changes in the client’s circumstances.
Step One
Understand: Schedule a 20 minute conference call.
Step One
Understand the Client’s Situation
Getting Started on the process involves Step One of financial planning. Our first meeting is focused on gaining an understanding of your current situation and discussing how you can benefit from a well-developed financial plan. Everything begins with a confidential meeting over the phone, video conference or in person at our office in Ocala, FL.
After our first meeting, you then decide on how and when to move forward to the next steps in the planning process. Each step of the process is implemented on your schedule.
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