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Kastler Financial Planning

<h2>Fiduciary Financial Planning and Retirement Planning</h2>

Fiduciary Financial Planning and Retirement Planning

Get Retirement Ready!

(248) 793-7314

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Home » About Us » Financial Planning Process

Financial Planning Process

Greet. Review. Analyze. Strategize. Plan review.

Whether you live in our backyard or across the country, we can work with you securely and electronically

Financial Planning Process

For our on-boarding clients we’ve made our financial planning process client-friendly with collaborative reviews, high security, and attention to detail. Our aim is to provide you:

  • A secure and collaborative planning environment
  • A process that provides comprehensive financial planning
  • A written Initial Plan that you can then execute on your own or with our help


Step ZERO:

Before we begin our financial planning process with you, we want to make sure that fiduciary financial planning services are a good fit for you and for us. If you haven’t already done so, please take a few minutes to answer these few questions: Find out if these services are a good fit for you!


5-Phase On-Boarding / Financial Planning Process

financial planning process


Planning Stage

We use a 5-phase financial planning process as described by the diagram above and the narrative below. The process is very professional, extensive and client friendly. These are the major steps and highlights of each phase:

Financial Planning Phases

Your Role

Our Role

Greet
No-obligation “Get Acquainted” meeting

1. View and print the Document Checklist for an idea of the information needed.

2. Fill out your profile and basic financial information in our Planning software: Financial Planning Software**

3. Schedule the Contact Us for a Get Acquainted Meeting

  • Understand client goals, needs, and wants
  • Review client’s financial questionnaire
  • Estimate cost of Planning project
  • Submit Client Service Agreement to client

Review
1st Collaborative Review (60 min)

1. Sign the Client Services Agreement electronically using DocuSign. Then pay the required deposit via AdvicePay invoice.

2. Complete a Risk Tolerance Questionnaire

3. Scan (both sides) of your financial documents into a PDF file. Upload to our secure electronic file folder

  • Jointly review all data submitted
  • Re-establish goals, needs, and wants
  • Discuss the “what if” scenarios to be analyzed

Analyze
Planner performs the analytics and projections

 
Patiently wait while we do our “thing”!

  • Determine current financial status and projections
  • Model the agreed upon scenarios
  • Perform analysis and projections per the scope of Agreement
  • Prepare a visual Plan of software projections

Strategize
2nd Collaborative Review (60 min)

 
Engage in the discussion and ask a lot of questions!

  • Review the Plan scenarios
  • Discuss the projections and impact on client goals
  • Agree on a preferred “Proposed Plan” approach for the final write-up

Plan Review
3rd Collaborative Review (60 min)

1. Access your written Plan from your secure electronic folder

2. Take your time to review. Write down your questions.

3. Think seriously about how you would like to implement your Plan

  • Submits the final Plan to client’s secure electronic vault
  • Live Review walk-through of Final Plan
  • Discuss implementation options
  • Propose next steps to implement the Plan

** If you need assistance in completing the “Profile” tab in the software, contact us or preview this help video: Help Videos and click on the help video for completing your Financial Profile

At this point, you have completed the financial planning process and your Initial Plan has been completed and you are ready for the Implementation Stage. You can review your Plan and all account data from a convenient dashboard at our Client Portal providing 24/7 access.

An On-Going Financial planning contract is required to help you implement and execute your Plan


Implementation Stage

Execute and Monitor the Plan
Once the Initial Plan is completed, on-going review meetings are critical to ensure you implement and stay on track with your Plan. We will jointly develop a service model calendar that meets your personal needs. The graphic below shows an example of an on-going service model.

execute and monitor process

Related Information to Financial Planning Process

You can also read more about our On-going services here: On-Going Financial Planning

…and a key article here: Is Continuous Financial Planning For You?

Thinking about implementing your Plan yourself?” Read this white paper from First Ascent, “You Want to Do it Yourself?” to get some eye-opening information.

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Set Goals. Plan Well. Execute and Monitor.

248-793-7314

Kastler Financial Planning offers financial planning and investment advisory services through Kastler Consulting Group, LLC., a fee-only registered investment adviser offering advisory services in the State(s) of Michigan and in other jurisdictions where exempted. Tel: (248)-793-7314. We also offer investment management services through sub-advisors First Ascent Asset Management, LLC and Lunt Capital Management, Inc., both SEC-registered investment advisor.

This communication has been provided to you for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security. Although the information in this presentation has been obtained from and is based upon sources that Kastler Consulting Group, LLC believes to be reliable, Kastler Consulting Group does not guarantee its accuracy and it may be incomplete or condensed. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation.

Investing involves substantial risk and has the potential for partial or complete loss of funds invested. Investments mentioned may not be suitable for all investors. Before investing in any investment product, potential investors should consult their financial or tax advisor, accountant, or attorney with regard to their specific situation.

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