At Birchcreek we strongly believe your investment portfolio should be the by-product of a comprehensive financial plan. We insist on going through a well defined process to ensure your portfolio aligns with your goals and objectives.
We draw on expertise and experience to help you establish a road map to meet your financial aspirations through prudent arrangement of assets, liabilities, income, and expenses. This results in relief from the stress and time commitment of financial planning and managing investments on your own, in turn enabling you to focus on other priorities such as spending time with loved ones, focusing on your health, and simply enjoying life.
Initially we need to spend some time getting to know you, your family structure, your life's priorities, your feelings toward risk, and what you see as the purpose for your savings and investments. Through this process we inventory your financial assets and liabilities and spend time understanding how you generate income and spend. During this discovery phase, many other questions arise.
- How have you arranged your finances to minimize the burden of taxes?
- How would your family cover loss of income or debt payment in the event of your death?
- What resources have been allocated to cover skilled nursing care in the event you lose the ability to physically manage your own affairs?
- How have you have prepared for the management of your assets in the
event you are incapacitated, or the distribution of them when
you pass away?
ESTABLISH A FRAMEWORK
Having defined goals and objectives for your money enables us to determine the path needed to get there from here. Establishing a framework empowers you to give each dollar a job, and ensure you are saving or spending based on the order of importance - meaning each additional dollar is allocated toward the next best use.
Once the framework is in place, we will provide a written financial plan with actionable recommendations to see it through. Recommendations will include steps to most effectively manage your net worth, mitigate the risk of running out of money in retirement, and specific investment solutions that align with your risk tolerance, time horizon, and current financial position.
STAYING THE COURSE
Financial planning is a moving target and markets are always changing. You will experience regular, thoughtful reviews of the progress toward your goals and as-needed updates when the inevitable changes in life happen. Open communication is key. We are happy to accommodate meetings in person, by phone, video, or screen sharing to accommodate your busy life while ensuring regular monitoring.