Financial Planning Process
The financial planning process is a step-by-step approach where every meeting builds on the last, culminating in a clear, comprehensive, and actionable plan tailored to your goals. Below is an outline of every meeting in the process, along with what happens in between, so you know exactly what to expect.
Introduction Meeting
A free, no-obligation virtual meeting designed for you to share your goals for financial planning, learn how Embolden Financial Planning LLC can help, and ask any questions.
Meeting Time: 30 minutes
What Happens Next
If you’re ready to engage as a client, you’ll be invited to share your contact information and to schedule the first meeting in the financial goal planning process, the Discovery Meeting.
Discovery Meeting
This meeting starts the financial goal plan process by focusing on your goals, priorities, and unique circumstances. The insights from this conversation provide the foundation for developing your comprehensive financial goal plan.
Meeting Time: 1 hour
What Happens Next
You’ll receive a Financial Planning Agreement to review and sign, along with an invoice for 50% of the fee. After the agreement is signed and payment submitted, you’ll complete a secure Financial Fact Finder to share your information and upload documents. This data is then used to prepare a baseline plan in RightCapital, the financial planning software that supports your personalized plan. Once the plan is ready, you’ll be invited to schedule the Get Organized Meeting.
Get Organized Meeting
In this meeting we’ll confirm a shared understanding of your financial life, including income, expenses, assets, and liabilities. We’ll also take a deeper look at your goals, clarifying costs, timing, and priorities to ensure they are well defined for the planning process.
Meeting Time: 1 to 2 hours
What Happens Next
Any follow-up items from the Get Organized Meeting will be shared, you’ll be invited to review account beneficiaries, and you’ll have your first opportunity to start using the budgeting feature in RightCapital. You’ll also be invited to schedule the Explore Possibilities Meeting.
Explore Possibilities Meeting
This meeting begins with a discussion of your investment portfolio, risk tolerance, asset allocation, and related considerations. We’ll then review the role of an emergency fund and how it fits into your plan. Finally, we’ll see how successful your current plan is and explore any scenarios on your mind.
Meeting Time: 1 to 2 hours
What Happens Next
We’ll address any remaining follow-up items, and you’ll receive an Investment Policy Statement (IPS) that summarizes the decisions made about your investment portfolio and how you want it to be structured. Once you’ve reviewed and signed the IPS, you’ll be invited to schedule the Plan Delivery Meeting.
Plan Delivery Meeting
This meeting is dedicated to presenting your comprehensive financial goal plan. We’ll walk through detailed strategies and recommendations, with a focus on ensuring everything is clear and that all of your questions are answered.
Meeting Time: 2 hours
What Happens Next
After the final invoice is paid, your financial goal plan and recommendation deliverables will be securely shared with you so you can begin implementation. You’ll also receive expanded access to RightCapital. If you’d like support putting the recommendations into action, you’ll have the option to schedule an Implementation Meeting dedicated to that process.
Ongoing Financial Planning
Review Meetings are an opportunity to check in on your progress, update the plan, discuss life changes or new goals, and revisit your portfolio for rebalancing or other opportunities. These meetings are recommended annually but can be scheduled as often as needed.
In addition, if questions come up or you’d like to talk through a decision, Embolden Financial Planning LLC knows your plan and is available to meet whenever support is needed.
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Take the next step.