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Financial Planning
The coordination of your clients' cash flow, taxes, retirement plans, insurance, investments, benefits and business issues is overwhelming for most clients. USFA CPA Financial Advisors have successfully assisted their clients with financial decisions by viewing each decision as a part of the whole picture, considering the short and long term effects decisions may have on their over all financial goals.
The process of financial planning requires the understanding of your clients' entire financial life, both quantitative and qualitative. Quantitative factors including a list of assets and liabilities, insurance and benefits, income and expense information as well as future desires or needs for cash, such as vacation homes, weddings, or college must all be taken into account. Qualitative factors, such as the clients' lifestyle goals, attitudes about estate taxes, charitable wishes or gifts to children or grandchildren are equally important, and serve as the driving forces behind a clients need for planning.
Your first interview with the client should be devoted toward a deep understanding of the qualitative factors and a rough listing of quantitative factors. The goal of this meeting is to decide if there should be a planning engagement. You should know by the end of the first half hour if the client needs or wants financial planning from you.
The balance of the first interview should be devoted to data gathering and determining the scope of the engagement. Some of your clients may wish to do much of the planning themselves, with you providing oversight and issue recognition skills. These financial check-up engagements are two or three meeting engagements for issue recognition and guidance rather than comprehensive analysis. Other clients will want your detailed involvement in every aspect of the planning and implementation. These comprehensive financial planning engagements require your assistance in defining the client's goals and objectives, providing careful analysis and specific recommendations tailored to the client's situation and goals.
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Investment advisory services offered through U.S. Financial Advisors, LLC (USFA), an SEC-registered investment advisor.
Securities offered through U.S. Wealth Advisors, LLC, a registered broker-dealer and member /
139 Wood Road, Braintree, MA 02184.
USWA, USFA, and
U.S. Insurance Brokers, LLC are wholly-owned subsidiaries of U.S. Wealth Management, LLC.
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