The Client Experience

Step 1: Initial Conversation

Your journey with Talents Financial Planning & Wealth Management begins with an initial conversation. This can take place over the phone or in person, depending on your preference. During this discussion, we:

• Get to Know You: We take the time to learn about you, your financial situation, and your goals. This helps us understand your unique needs and how we can best serve you.
• Explain Our Services: We provide an overview of our services, including financial planning, investment management, tax planning, and more. This ensures you have a clear understanding of how we can help you achieve your financial objectives.
• Answer Your Questions: We address any questions or concerns you may have, ensuring you feel confident and comfortable moving forward with us.

After our initial conversation, we move on to gathering detailed information about your financial situation. This step involves:

• Comprehensive Financial Review: We collect and review documents related to your income, expenses, assets, liabilities, investments, insurance policies, tax returns, and any other relevant financial information.
• Risk Tolerance Assessment: Understanding your risk tolerance is crucial for creating a tailored investment strategy. We use detailed questionnaires and discussions to assess your comfort level with different types of risk.

With a clear understanding of your financial situation and goals, we proceed to develop a personalized financial plan and Investment Policy Statement (IPS):

• Customized Financial Plan: We create a comprehensive financial plan that addresses all aspects of your financial life, including retirement planning, tax strategies, estate planning, and more. This plan serves as a roadmap to help you achieve your financial goals.
• Investment Policy Statement (IPS): The IPS outlines your investment objectives, risk tolerance, time horizon, and investment preferences. It serves as a guiding document for managing your investment portfolio and ensures that all investment decisions are aligned with your overall financial plan.

Step 4: Plan Presentation and Implementation

Once your financial plan and IPS are developed, we schedule a meeting to present our recommendations:

• Plan Presentation: We walk you through the details of your financial plan and IPS, explaining our recommendations and the rationale behind them. We ensure that you fully understand and feel comfortable with the proposed strategies.
• Feedback and Adjustments: Your input is invaluable. We discuss any adjustments or refinements needed to better align the plan with your goals and preferences.
• Implementation: With your approval, we begin implementing the recommended strategies. This may involve opening new accounts, transferring assets, adjusting investments, and executing specific financial planning actions.

Step 5: Ongoing Monitoring and Support

Our commitment to you doesn’t end with the implementation of your plan. We provide continuous support and monitoring to ensure your financial plan remains on track:

• Regular Reviews: We schedule regular review meetings to assess your financial progress, discuss any changes in your life or goals, and make necessary adjustments to your plan and investments.
• Proactive Communication: We keep you informed about important financial and market developments, providing timely advice and insights to help you make informed decisions.
• Accessibility: Our team is always available to answer your questions, address concerns, and provide guidance whenever you need it.

380 South Melrose Drive, Suite 110

Vista, CA 92081

(760) 231-1103

Dave@TalentsFPWM.com