Clarity 2 Prosperity...The Holistic Planning Process
Holistic Planning Process
At Franklin Financial Services, financial planning is more than just providing investment advice, it's how we help protect your lifestyle by considering all the factors and assets at stake.
That's why we incorporate a holistic approach, addressing all aspects of your financial well-being.
What is A Holistic Plan?
A holistic financial plan factors in all of the areas of your financial life, or as we like to call them, the five pillars of wealth management, including:
. Financial Planning
. Asset Management
. Tax Management
. Protection Planning
. Legacy Planning
As Holistic advisors, we regularly review each of these areas with the oppropriately licensed team members to ensure everything is working together in synergy towards your specific goals.
1. Financial Planning: Your Foundation
Beyond Basic Planning
2. Asset Management: Growing Your Wealth
More Than Just Investments
Investment decisions don't exist in isolation--they impact everything from taxes to estate planning.
3. Tax Management: Keeping More of What You Earn
Proactive Tax Strategy
Tax management isn't just about trying to find savings each year, its about minimizing your lifetime taxes.
It's understanding that not all money is taxed the same.
4. Protection Planning: Safeguarding Your Future
Strategic Risk Management
True wealth management insn't just about growing assets--it's about protecting what you've built.
5. Legacy Planning: Securing Your Impact
Strategic Risk Management
How Does a Holistic Plan Help Me?
By creating a personalized, holistic plan, using The Bucket Plan® philosophy, so we can optimize all your assets to work collectively towards your goals, while also reducing critical inefficiencies, including:
. Gaps in coverage
. Overlap or overexposure in investments
. Tax inefficiencies and missed savings opportunities
. Failure to provide lifetime income.
. Communication disconnect between many financial professionals
. Missing legal documents that leave you and loved ones vulnerable
How is a Holistic Plan Created?
Our process always includes an introductory call to make sure we’re the right fit for each other. After our introductory call, we follow the 4 step process we developed to avoid critical oversights when working to create and maintain your financial plan.
Step 1: Discover - where you are now
We'll hold your first meeting and if you're married, plan to have your spouse with you. During this time, we'll find out more about you, dig into your goals and dreams for the future, and get a clear picture of where you're starting from. We'll also share our process and a little bit more about how we work.
Step 2: Design - where you want to go
In our second meeting, we'll start organizing your financial life. We'll take a deeper dive into your current financial picture, analyzing your cash flow and net work and reviewing your taxes. We'll also take this time to help you prioritize your goals. Then we'll use this information to develop a plan to turn thos goas into reality.
Step 3: Deliver - your holistic plan
Our third meeting will be used to deliver your customized Bucket Plan, which is tailored specifically for your needs as we consider funds you need now, soon (the next 10 years), and those you need for later (10+ years). We'll outline our recommendations for aligning your risk tolerance with you investments and optimizing your taxes.
Step 4: Dedicated - service and support
After we've worked together to implement your plan, we'll serve as your trusted advisor, providing proactive management and ongoing advice to you and your family. We'll monitor your plan and adjust for any changes in your life or family neds, helping to ensure your wealth will always be safeguarded.
SCHEDULE A COMPLEMENTARY CONVERSATION
Discover the secure feeling a olistic financial pland and trusted advisors can add to your life - reach out to us today for a fre consultation.