Financial Planning
Financial Planning
Many used to believe that choosing the best investments was the path to success. While this is important, it is now widely accepted that the most important factor is having a comprehensive and regularly monitored financial plan. Wellspring’s financial planning services can help you create such a plan.
We use multiple models from the industry’s top providers, coupled with our own unique algorithms, to blend complex data into an understandable format. All our plans are holistic, considering all aspects of your financial world.
Our relationship starts with listening to your challenges, your plans, and your dreams. It is only through deep listening and dialog that we can understand what’s important to you and what you’re trying to achieve.
One Size Does Not Fit All
Plans For Building
Your Wealth
When building wealth, perhaps with children in the picture or large savings goals like a home or college, the flow of money in and out is critical. Learning how to save for the future and invest wisely, is key during this phase of your life. Wellspring has financial planning and management tools, as well as easy-to-use technologies, to address these challenges.
Plans For
Approaching Retirement
As you near retirement, it’s about preserving wealth for the rest of your life. You want to assure you can maintain your standard of living and accomplish all the goals you’ve laid out for yourself. Wellspring’s specialized planning tools ensure we have the best answers for you and a robust plan can be created with you.
Our Financial Planning Process
Our Financial Planning Process
Engage
The first step in the process is for you to learn about Wellspring, and for us to learn about you. Together, we develop mutual trust and begin to understand each other. We discuss what you want from the planning process and determine that we are a good fit. When you’re ready to move forward, and a mutual commitment is in place, we move to the next phase.
Gather
This will be a deep discussion and a rewarding one. It will be filled with self-discovery and the development of mutual understanding. We’ll help you discover information about your financial situation that you might not have ever considered or understood. We’ll listen to your needs, wants, goals, and desires, and will discuss tradeoffs. Implications of decisions will also come to the surface.
Analyze
In this phase, Wellspring will distill and digest your data. We’ll input the information into our models and have discussions and questions along the way as we sort through your information.
Develop
Wellspring will now begin to develop your financial plan. There may be questions from us along the way, and we will probably meet with you at least once to review a draft of the plan and make final adjustments.
Implement
When the plan is complete, Wellspring will present it to you and discuss all aspects, including implementation. Investment decisions and changes in day-to-day ways of thinking and operating may come from the plan.
Monitor
We’ll monitor the plan to ensure it’s working as expected and detect whether or not refinements need to be made. This includes monitoring the performance of investments, ensuring spending is on track, and adapting to changes along the way.
Update
A plan that sits on the shelf and is never revisited is useless. At least once a year, we’ll discuss updates to your plan, and more often if a significant life event occurs.
Engage
The first step in the process is for you to learn about Wellspring, and for us to learn about you. Together, we develop mutual trust and begin to understand each other. We discuss what you want from the planning process and determine that we are a good fit. When you’re ready to move forward, and a mutual commitment is in place, we move to the next phase.
Analyze
In this phase, Wellspring will distill and digest your data. We’ll input the information into our models and have discussions and questions along the way as we sort through your information.
Gather
This will be a deep discussion and a rewarding one. It will be filled with self-discovery and the development of mutual understanding. We’ll help you discover information about your financial situation that you might not have ever considered or understood. We’ll listen to your needs, wants, goals, and desires, and will discuss tradeoffs. Implications of decisions will also come to the surface.
Develop
Wellspring will now begin to develop your financial plan. There may be questions from us along the way, and we will probably meet with you at least once to review a draft of the plan and make final adjustments.
Implement
When the plan is complete, Wellspring will present it to you and discuss all aspects, including implementation. Investment decisions and changes in day-to-day ways of thinking and operating may come from the plan.
Monitor
We’ll monitor the plan to ensure it’s working as expected and detect whether or not changes need to be made. This includes monitoring the performance of investments, ensuring spending is on track, and adapting to changes along the way.
Update
A plan that sits on the shelf and is never revisited is useless. At least once a year, we’ll discuss updates to your plan, and more often if a significant life event occurs.
Convenient Investment Monitoring
Ready To Start Your Plan
Taking the step of creating a financial plan will put you ahead of most Americans in laying the groundwork for your future financial success.
The first step in creating a financial plan is to gather data. In order to create a comprehensive plan, we need certain information about you and your family. We gather this data once you’re ready to set up your appointment.
