Our Process

Step 1 | Initial Meeting

Understand your needs

Your financial advisor typically begins by getting to know you and your family while gathering information about your current circumstances, your future goals, your concerns, and your aspirations. During this phase, too, you and your advisor can discuss the strategies and services available to help solve the specific financial challenges you face.

Step 2 | Recommendations

Design the plan

Depending on your circumstances, your plan may focus on a single objective or a more complex strategy. Your plan could be as singular as saving for retirement or a child’s education, monetizing a concentrated equity position, or establishing a trust to benefit a child with special needs. But, perhaps, you may require a complex strategy that includes help with positioning and selling your business, then deploying the proceeds, together with other investable assets, to deliver the income you need to retire comfortably. Or you may be in need of multiple solutions: not only selling your business and developing an effective plan for retirement but establishing a charitable trust to fund your philanthropic desires.

Step 3 | Execute the Recommendation

Implement the plan

In this phase, the planning is put into motion while collaborating with other relevant professionals as needed – Northbound Wealth specialists or your current attorney or CPA. The plan is based on your goals uncovered in previous steps of the advisory process and factors in your investment horizon, as well as the types and levels of risk that you can afford and with which you’re comfortable.

Step 4 | Monitor & Review

Manage the plan once it’s in place

Financial planning is an ongoing process in which it’s essential to monitor the progress of your investments within the context of your goals and periodically review all relevant information. It may become necessary to adjust the components of your plan in light of changing circumstances and evolving objectives. Should economic and financial circumstances warrant, your advisor may also recommend tactical changes to your portfolio – while still adhering to your long-term goals.

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you.

info@northboundwealth.com | (317) 399-1107