The Financial Planning Process

At American Health Services, our financial planning process provided through LPL Financial is designed to incorporate an objective perspective on your current financial situation and organize a plan of action to help you pursue your goals and objectives.

Our approach is to act as your “Chief Financial Officer” as we build a process around your specific objectives. Through our team approach, we leverage the extensive resources of the firm to implement custom strategies, and we work directly with other professionals, such as accountants and lawyers, to ensure every aspect of your financial future is well cared for.

Our financial planning process incorporates six steps, as outlined below:

1. Initial meeting/discovery

We begin each relationship with a discovery process that is designed to help us gain a better understanding of your specific needs and objectives. At this initial meeting, we discuss your current financial situation, your specific goals and any challenges you may face as you work toward those goals.

2. Establish goals and gather records

Once we have gained an understanding of your current financial landscape, our next step is to help you articulate your goals and priorities. While some clients come to us with very specific goals in mind, others have a more abstract idea of their objectives. Because our wealth strategies are designed with your specific goals in mind, we strive to help you identify exactly what those goals are. It is also during this stage that we begin to gather relevant records, account numbers, etc. so that we may begin the process of transferring any necessary accounts.

3. Prepare your comprehensive financial plan

During this step, your wealth advisory team collaborates with subject matter experts throughout the firm to review your existing legal documents, insurance policies and portfolio holdings. Together, they identify what is currently working, as well as opportunities for improvement. As your “chief financial officer,” we build a financial plan that is tailored to your current situation and focused on achieving your goals.

4. Present recommendations

At this stage of the planning process, we present our specific recommendations on how to improve your portfolio. We discuss with you the potential impact of any changes and how we believe our recommendations will help you achieve your goals.

5. Implement your financial plan

Once we agree upon a course of action, we seamlessly integrate all aspects of the financial plan. Since we have already developed an understanding of your objectives, your current situation and your existing accounts, we are able to implement your plan immediately.

6. Review, update and monitor the plan

Because your needs and objectives change over time, we continuously review, update and monitor your plan. We touch base with you on a quarterly basis to discuss any changes that may impact your plan, and we proactively make changes to help ensure your plan continues to help you pursue your objectives. 

Contact us for a no-obligation consultation today!