Our Process
We support a planning approach based on widely accepted principles and standards in the financial planning community.
- We gain an understanding of a family’s five individual plans. We follow a specific order in gathering information to develop our recommendations.
- We review the information gathered in the first step and mutually identify and prioritize the client’s goals to be addressed as part of the client’s personalized plan.
- We determine the scope, duration and the compensation arrangement of our planning relationship and memorialize the understanding with a written planning agreement.
- We gather supporting documents including tax returns, estate planning documents, insurance policies, income resources and investment statements for review. All information collected will be treated as highly confidential, subject to our privacy policy.
- We evaluate potential solutions to each prioritized need and develop recommendations for client approval. We identify any additional professional support as necessary.
- We implement all agreed upon solutions and monitor the results and effectiveness pursuant to our planning agreement.
Richard Olson is a Member of Advanced Planning Educational Group, Inc. (APEG). APEG Provides Educational Resources to support Financial Professionals in all areas of Comprehensive Financial Planning. APEG is not responsible for a Member’s actions and does not endorse any specific recommendations made by its Members.