Financial planning should be a process rather than a destination, and Cabot's financial planners offer to help clients identify and plan for their goals.
Working with a Cabot Financial Planner
Our financial planners rely on constant communication with you, as well as continual analysis, rather than simply providing you with a large three-ring binder containing a "financial plan."
Your financial plan is never really complete because of the changes that occur over time in your own personal goals, in tax laws and in the performance of your various assets.
#1. The Financial Planning Process: Information Gathering
The first step in the financial planning process is the information gathering stage. A financial planner will ask you to complete our Confidential Information Summary (CIS), which serves as a preliminary introduction to your situation.
#2. The Financial Planning Process: Asset Allocation
After receiving this information, a financial planner will arrange a face-to-face meeting with you so we can go into greater detail about your individual situation in order to fully understand and define your personal goals and objectives, an investment time horizon, and risk tolerance.
#3. The Financial Planning Process: Monte Carlo Analysis
Upon formalizing the relationship, a financial planner may develop customized analyses and recommendations, using financial planning software that is built on a client-centered approach, which we incorporate into your detailed, written plan.
In the preparation of the plan, our financial planner look at the scope of your financial picture during which time we review and communicate clear financial planning recommendations to improve your situation.
#4. The Financial Planning Process: Implementation
Once the financial plan is complete, a financial planner will review these recommendations with you directly. Upon your approval, we handle the implementation of our recommendations.
#5. The Financial Planning Process: Portfolio Management
Cabot's team of financial planners oversees your investment assets on a regular basis to ensure the overall portfolio remains consistent with your plan.
Constant communication and personal attention is a core part of our service; we highly recommend face-to-face meetings at least once a year in order to review any changes in your circumstances and to monitor and adjust the plan accordingly.
#6. The Financial Planning Process: Follow-up
In addition, a financial planner and other key members of our professional team will keep in contact with you through phone and e-mail communications and encourage you to reach out to them whenever you have a question or a change in your situation arises.
In Need of Financial Planning Advice?
If you have questions about financial planning, Cabot Money Management can help. Fill out our form to receive your complimentary portfolio review.