Individual Wealth Planning*
A financial plan must reflect the stage of life its owner is in: whether purchasing a first home, financing a child’s college education or planning for retirement. A plan must reflect its owner’s personal or business situation, and highlight those financial products that best fit it. A custom-tailored financial plan must also be continually reviewed to measure its achievements against stated aims, and ensure the owner is comfortable everything is moving forward according to plan.
A strong planning process is the best way to create a more financially secure plan. It is crucial to create a financial plan that seeks to protect your needs now, and that plans for the future, in a tax efficient manner.
It is our goal, as IARs of UP, to assist in building a solid financial structure that will stand the test of time and that will grow and build wealth for you and your family.
We have established a process to do this that is based on two key aspects of a complete financial plan: Asset protection and wealth creation. Together with your IAR, a primary goal is to determine what components should be implemented in order to assist in achieving financial stability throughout your life, for you and for your loved ones. The planning process should also address income replacement and asset protection in the event that the unthinkable were to happen: disability, critical illness or death. The plan must also aim to build the maximum it can via a solid, tax efficient wealth portfolio.
With these goals in mind, we will work together to assess your total financial planning needs. As IARs, we will consider important milestones such as major purchases, marriage, children, education, dreams and retirement. This plan will entail regular review of ongoing financial management strategies.
This goal-based financial security planning approach is designed to help you:
- Define customized short and long-term goals that ensure you choose only the right financial products and services;
- Identify roadblocks or gaps that might impact your financial planning strategy;
- Continually monitor your plan to ensure it meets your changing needs.