Step One - Collecting the Data

Together with your Money Concepts Financial Planner we collect essential information by administering a questionnaire. The questions are nonjudgmental and assist us in forming a profile of your financial situation and lifestyle. This process is supported by:

• Examination of past Income Tax returns
• Analysis of life, disability, home and property insurance policies
• Reviewing wills of all family members
• Ascertaining of "soft-data" (lifestyle preferences and risk tolerance with respect to investing)
• Derivation of cash flow and net worth statements from pertinent information
• Examination and analysis of "Employee Benefit Plans" when applicable

Step Two - Identifying Your Goals and Objectives

Next, we determine in as much detail as possible, your actual goals and objectives for the future. For families, we encourage both spouses to be actively involved in this process. We look ahead to your retirement; do you want to retire early? What do you plan to do during your retirement - play golf six days a week? Travel? Pursue a hobby? Do you need to provide educational funds for children? We talk about managing your money and your concerns.

Step Three- Identifying Your Financial Needs

Our Money Concepts Financial Planner then translates your goals, ambitions and dreams into realistic financial terms. We estimate the money and income you would need to provide yourself with the retirement you dream of. That income level in return determines the extent to which you would need to accumulate in savings and investments between now and your projected date of retirement.

An unbiased recommendation would then be made, and a course of action would be proposed based on sound financial planning principals and professional judgements that apply to your needs and desires.

Step Four - Developing a Comprehensive Written Plan

The Plan has a twofold purpose. It would serve as a blueprint for financial security and be a benchmark against which the results of the plan would be measured. The length of the plan depends on the complexity of your situation and your (or your family's) needs. We then carefully review with the plan with you.

Step Five - Implementing the Plan

Once we confirm the plan is right for you the next step is to implement the schedule presented in the recommendations. We share this obligation with you to make sure the professionals are contacted and the strategies take form.

Step Six - Reviewing Your Plan

A financial plan is never carved in stone. Circumstances or situations can change. Our plans or our family's focus can change. The plan needs to be re-evaluated yearly. Changing variables could be an addition to the family, an inheritance, the death of a spouse or an external condition like a change in a tax law. Monitoring the plan is vital to the survival of your financial future and to assist you in reaching your goals.