1. Define Objectives and Goals Lifestyle,
Family, Risk, Short Range, Long Range
The first step includes working with the client
to develop specific financial objectives and
goals. SBC considers the client's lifestyle,
family, and what the client wants to achieve.
The client's objectives should balance both
short and long-term goals and consider the level
of risk vs. return with which the client is
comfortable.
Second SBC analyzes the client's financial
situation through a detailed study they call
Discovery. SBC's financial service professionals
will confidentially review the client's current
finances with an eye toward problem areas and
opportunities.
Step three is analysis. The client's financial
goals are prudent. They must make sense to the
client and to the client's financial services
professional. Reaching the best decision
involves the balance of conflicting objectives,
expectations, and priorities. A comprehensive
analysis will help the client sort out
consistent, realistic financial goals.
In step four, the client and
their financial services
professional compare alternative
paths to the clients goals.
Primary and contingency plans
are developed from the many
strategies available to the
client. Finding the appropriate
strategies involves weighing the
strengths and weaknesses of many
criteria, including risk,
funding, priorities, economy of
effort and many other variables.
5. Implementation Ensure that
the client's financial strategy
works in concert with chosen
objectives
Step five is to implement the
plan. Strategic Benefit
Consultants has the necessary
technical skill and support
systems to successfully
implement financial strategies
tailored to the client's
specific situation. SBC's wide
range of services enable them to
put the client's plan into
action, in cooperation with the
client's legal and tax advisors.
Ultimately SBC considers it
their responsibility to ensure
that all efforts are focused on
the goals of the client, and not
on SBC's.
6. Periodic
Reviews Make sure that
the plan is still on
course and that minor
adjustments are made
early to help avoid
major corrections later.
Step six is to
periodically review the
position of the client's
planning. This step is
critical as the economy
and legal environment
are always changing. A
regular review helps the
client to make the minor
adjustments to their
plan along the way to
their financial goals.
4.
Compare Alternatives Risk,
Timing, Tax Considerations
