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
The financial issues of a retired individual are very different from those of a “millennial” who is building wealth with a large array of financial moving parts, like having children or buying a house. Wellspring tailors every financial plan for each individual and always seeks to make the plan understandable to you as our client.
Plans for Building
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 to address these challenges.
Our Financial Planning Process
Our Financial Planning Process
Together we develop mutual trust as we start to learn about each other, including Wellspring’s approach to financial planning and wealth management services.
Next, we’ll discuss your current and future financial situation. This discussion often sparks self-discovery, where we learn about your needs, wants, and goals.
Analyze and Develop
During this phase, your advisor will analyze your current investments, insurance policies, and other financial data in order to develop your personalized financial plan.
Your advisor will meet with you to review your financial plan. We’ll help you understand and guide you on how to implement the plan on next-step recommendations.
Monitor And Update
Wellspring will monitor your plan to ensure it remains suitable as your life changes. This includes monitoring the performance of investments, ensuring spending is on track, and adapting to changing circumstances.
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.
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.
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.
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.
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.
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.
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.
Why Choose a Wellspring CFP® Professional
As part of their certification, CFP® professionals commit to high ethical standards. What’s more, a CFP® professional must acquire several years of experience related to delivering financial planning services to clients and pass the comprehensive CFP® Certification Exam before they can call themselves a CFP® professional.
Additional Reasons To Choose a Wellspring CFP® Professional
Financial planning without
a financial planner
Financial planning with
Convenient Investment Monitoring
We take great pride in our openness, candor, and honesty. We’re completely transparent about our advisory fees, costs of investments, and the performance of your investments.
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.