The Financial Planning Process:
Many core financial planning objectives are interrelated, so we like to work with clients to develop a holistic plan that encompasses all of your goals while simultaneously defining and protecting against potential risks to the overall success of the plan.
Initial consultation:
Larchmont Wealth Advisors will provide you with a complementary initial consultation to discuss your current situation and objectives, and to get a feel for what you are looking to get out of the financial planning process. This way, we can mutually determine the scope of the services that may be provided to you and outline a plan of action moving forward.
The plan:
Should you wish to engage Larchmont Wealth Advisors, we will work with you to develop a thorough analysis that, in its simplest form, answers the following questions:
What is your current situation?
Where do you want to be?
What is it going to take to get you there?
Larchmont Wealth Advisors writes its financial plans in plain English with actionable steps that you can take to meet your goals. Depending on the engagement, we can either assist in the implementation of the plan, or provide reviews as needed to ensure the appropriate progress is being made.
Although each client is unique in their circumstances, a typical plan may cover the following areas:
- Retirement Planning
- Education Planning
- Insurance Planning
- Tax Planning
- Estate Planning
- Budgeting / Cash Flow Analysis
- Debt Repayment Strategies
- Employee Benefits Analysis
- Investment Consultation
- Business Consultation
Where necessary, we can coordinate with other professionals where certain licensure or expertise is necessary to carry our various action items (tax preparers, insurance agents, attorneys, etc).
The follow up:
We typically recommend reviewing a financial plan at least annually or sooner if circumstances change.
Modular Planning:
We are also available to assist with focused goals (i.e. education planning, 401k investment consultations, etc.), though the scope of the engagement will be limited to those defined areas of need.
Fees:
Our financial planning services are billed hourly at a rate of $175 per hour. Since the complexity of financial plans can vary greatly, we typically refrain from providing an estimated time of plan completion until during or after our initial consultation.
Contact:
To get started, either contact us via the contact form provided below, E-mail us or give us a call at 978-505-6044.