Stukey Financial Planning

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889 N Maize Rd

Suite 109

Wichita, KS 67212

Ph 316-722-1010

Fax 316-221-1009

Jeff@StukeyFinancial Planning.com

 

 

Six Steps to Financial Success

If you require a comprehensive financial plan, we will follow the step-by-step process below to ensure that you get a plan that uniquely meets your needs and helps you build a brighter financial future.

  1. Get Acquainted Meeting. Answers the question: "Do we have a fit?" Usually lasts one to two hours and is at no charge and no obligation to you. We think of this as a chance to get to know one another. If you feel that we have a fit and I feel I can address your needs, we will move forward to the next step.

  2. Financial Checkup Meeting. Answers the questions: "What is your current financial situation?" and "What are your goals?" Usually lasts one to two hours. A down payment for the financial plan is required at this meeting (we do not take credit cards).

  3. Analyze Data and Develop Financial Plan. This is where we go to work analyzing your data, do any necessary research, and develop a customized financial plan for you. This step normally takes about two weeks.

  4. Presentation Meeting. Answers the questions: "How can I best achieve my goals?" and "What are the next steps?" Normally takes two hours. We review your financial plan with you and discuss any questions you have about it. As we discuss your plan, I make real-time changes using state-of-the-art software, as necessary, to fill in any missing blanks. Then we discuss implementation of the plan. Payment for the remaining balance is due at the end of this meeting.

  5. Refine and Implement Recommendations. We work together to implement the recommendations; e.g. asset management, budget management, estate-planning meetings, insurance applications, etc. This step can take one or many meetings, depending upon the complexity of your situation.

  6. Ongoing Services. Account review is performed three to six months after initial account set up. As-needed financial advice and an annual checkup are included with most asset management services. Additionally, some clients desire monthly or quarterly meetings.

  1. Get Acquainted Meeting. 

    1. Our actions/responsibilities. Schedule meeting with you. Define the client/planner relationship to you. Answer any questions you have about our services. Gain a high-level understanding of your situation.

    2. Your actions/responsibilities. Decide what you want to discuss about your situation. Review our website and think of questions you have for me. Think about what services you need. Bring statements or other documents that will aid in our discussion. Decide if you want to engage SFP to do a Comprehensive Financial Plan.  back to top 

  2. Financial Checkup Meeting. 

    1. Our actions/responsibilities. Prior to our meeting, give you a list of documents and information we need to build your financial plan. Work with you to determine your: financial goals (e.g. when and how much to spend for retirement, vehicles, travel plans, college-funding plans), risk tolerance, tax bracket, retirement income sources (e.g. Social Security, company pensions), investment assets (e.g. 401k, IRA, annuities, brokerage accounts), value of non-investment assets (bank accounts, home value, value of vehicles, collectibles), life insurance, long-term disability insurance, long-term care insurance, estate plan, liabilities and net worth.

    2. Your actions/responsibilities. Bring documents and information needed for your financial plan. Be prepared to discuss your financial goals. Pay down payment for financial plan.  back to top 

  3. Analyze Data and Develop Financial Plan. 

    1. Our actions/responsibilities. Review and analyze your data. Develop a plan, based upon your situation, goals and requirements. Let you know what additional information we need.

    2. Your actions/responsibilities. As the need arises, as it almost always does, send us additional documentation and information.  back to top 

  4. Presentation Meeting. 

    1. Our actions/responsibilities. Present and review your personal financial plan. Discuss our observations and specific recommendations. Give you an estimate of the cost and proposed timeline for implementation services, if any are needed.

    2. Your actions/responsibilities. Ask any questions to clarify the plan. Discuss any alternative ideas that you have. Pay the balance due.  back to top 

  5. Refine and Implement Recommendations. 

    1. Our actions/responsibilities. As needed: schedule meetings, implement recommendations, work with you to complete paperwork, follow up on paperwork submitted.

    2. Your actions/responsibilities. Decide which items that you want to implement and the order you want to implement them. Remember, it is your plan, and it is up to you to decide what and when you want to implement recommendations.  back to top 

  6. Ongoing Services. 

    1. Our actions/responsibilities. Contact you three to six months out to set up a meeting to review your accounts. Contact you annually (at least) to set up regular review meetings. Ongoing asset management, if required.

    2. Your actions/responsibilities. Let us know when significant changes happen in your financial situation or if for any other reason you feel that you need ad hoc advice.  back to top

Stukey Financial Planning