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1660 N Tyler Rd
Wichita, KS 67212
(316) 729-7272
Fax: 223-1998
Eight Steps to Financial Success
If you require a "standard 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.
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Prepare for the Initial Meeting. After your initial contact with us we will send you a Confidential Questionnaire. You will need to complete the Questionnaire (and return it to us before the Initial Meeting) and schedule the Initial Meeting.
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Initial Meeting – Get Acquainted. This part of the Initial Meeting takes about 30 minutes and is at no charge to you. We think of this as a chance to get to know one another. If you feel that we have a fit, we will move on to the Working Session.
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Initial Meeting – Working Session. This is the “working part” of the Initial Meeting and is when the billable time begins. This part averages about an hour. You will be expected to pay for this service at the end of the meeting. (We do not take credit cards.)
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Analysis and Plan Formulation. This is where we go to work analyzing your data, do any necessary research, and develop a customized plan for you.
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Interactive Planning Session. For more complicated situations, an interactive planning session (or sessions) may be necessary to further iron out issues. This can take from 30 minutes to two hours. Sometimes, it can be handled on the phone. In most cases, this is part of the estimate in the contract.
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Presentation of Plan. On average, this meeting takes two hours. We will review the plan with you and discuss any questions you have about it. You will be expected to pay the balance due at the end of this meeting.
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Implementation of Plan. You will be given specific recommendations on how to implement the plan and a list of preferred service providers to assist you. We can help implement the plan if you need it.
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Follow-Up. Financial checkups are recommended at least annually. However, for complex financial situations, or as your financial picture changes, or when there are significant changes in macro-economic factors, more frequent meetings may be needed. Sometimes, these checkups can be handled via email or the telephone.
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Prepare for the Initial Meeting.
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Our actions/responsibilities. Answer any preliminary questions via email or telephone. Send you a Confidential Questionnaire. Schedule Initial Meeting with you.
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Your actions/responsibilities. Fill out the Confidential Questionnaire and have it to our office at least two business days before the Initial Meeting. Call and schedule the Initial Meeting. back to top
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Initial Meeting – Get Acquainted.
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Our actions/responsibilities. Work with you to establish and define the Client-Planner relationship. Answer any questions you have about our services.
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Your actions/responsibilities. Raise any questions you have about our services. Share with us what you are looking for. Decide whether you want to take the next step. back to top
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Initial Meeting – Working Session.
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Our actions/responsibilities. Review with you the Confidential Questionnaire that you filled out. Work with you to determine your goals and exactly what services you require. Answer any immediate financial questions you have (assuming no research on our part is required). Give you an estimate for any further services. If you decide that you need further services, we will give you a Documentation Checklist form which will list any further information needed from you.
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Your actions/responsibilities. Clarify Confidential Questionnaire answers. Bring up any pressing financial questions that you have. If you do not need further services, you will need to sign the contract (for services rendered), pay for the “working part” of our meeting, and call again when you need further services. If you decide that you need further services, you will need to sign a contract and pay 50% of the total of the services rendered at the Initial Meeting and estimated future services. back to top
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Analysis and Plan Formulation.
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Our actions/responsibilities. Review and analyze your data. Develop a plan, based upon your situation and requirements.
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Your actions/responsibilities. Send us the items listed on the Documentation Checklist form at least two weeks prior to the next session. As the need arises, send us additional information. back to top
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Our actions/responsibilities. Further refine goals and gather any new data. There are instances where this could increase the contract estimate if new information about your situation arises during the analysis phase. In such a case, you will be notified that your approval is needed to increase the cost of services.
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Your actions/responsibilities. Provide additional data as needed. Provide input for refining your goals. back to top
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Our actions/responsibilities. Present and review your personal financial plan. Discuss all reports and provide you with a written summary of our observations and specific recommendations.
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Your actions/responsibilities. Ask any questions to clarify the plan. Discuss any alternative ideas that you have. Pay the balance due. back to top
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Our actions/responsibilities. Be available via email or telephone to clarify issues or assist you. This is available at no charge for two weeks after the Presentation meeting. After two weeks, we charge our hourly rate to help with implementation issues. Optionally, we can assist with the implementation of the plan at our office at our standard hourly rate.
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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 follow through with the recommendations if you so choose. Implement the plan. back to top
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Our actions/responsibilities. We will contact you at least annually to see if you need assistance. We will not do any review of your plan without your specific instructions to do so. For many clients, it is helpful to have a portfolio review semi-annually. Unless the portfolio is complex, this can usually be done in one or two hours of our time. For more complex portfolios, quarterly (or even monthly) portfolio reviews may be necessary.
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Your actions/responsibilities. Schedule follow-up meetings as needed. If significant changes happen in your financial situation or if for any other reason you feel that you need advice, give us a call to see if a meeting is needed. back to top
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