Comprehensive Financial Planning
While no one plans to fail financially, many people just fail to plan. Just as no airplane can take off without a flight plan and no ship can reach its intended destination without a plotted course, no household should embark on a financial journey—especially one that spans 30-40 years of retirement and possibly multiple generations—without a comprehensive financial plan.
At EsqWealth, we prioritize your interests above all else, guiding you through the development of a tailored financial plan. While the following five steps serve as a guideline for crafting your plan, they are flexible and adaptable to your unique needs, goals, and timeline.
Step 1 – Initial Connection: We start with a short phone or video call to ensure your needs align with our expertise. If yes, we send you a Scope of Work questionnaire so that we can determine the areas where we can assist you. In addition, we will ask you to provide specific documents about your assets, liabilities, income, and expenses which will greatly enhance the depth and precision of our discussions.
Step 2 – Financial Planning Meeting: We meet in person or via video to discuss crucial issues such as your financial goals, your desired retirement timeline/lifestyle, any educational support for children or grandchildren, legacy and charitable planning, and more.
Step 3 – Devising the Financial Plan: We collaboratively devise a comprehensive financial plan that covers all aspects of your financial life, from how you own your assets, to long-term retirement and estate planning, to strategies to reduce your taxes, to an ideal asset allocation for an investment portfolio tailored to your goals, risk tolerance, and timeline.
Step 4 – Plan Review Meeting: We reconvene to discuss the proposed financial plan and our recommendations. We also address any questions or concerns you have and make any adjustments necessary.
Step 5 – Plan Implementation: We help you put the plan into action. We commit to evaluating the plan annually and more frequently if circumstances change or tax laws evolve. As a client of EsqWealth, we make a point to always be available to you to discuss any issues you have, financial, business, or legal.
Our comprehensive financial planning is intended to address all areas of your life including, but not limited to, the categories below. We serve as a trusted fiduciary partner, providing unbiased, thoughtful recommendations and personalized strategies so you can have the confidence of knowing that your financial affairs are in order.
