Financial Planning and Consulting

We look at the big picture of your financial situation – assets, liabilities, cash flow, insurance coverage, estate plans and employer-provided benefits – before we design a customized action plan for your future success. Our advisors have more than a century of combined experience handling a variety of complex financial situations. Your advisor will integrate all areas of financial planning and wealth management. Our work revolves around you.

The financial planning and consulting process consists of the following six steps:

STEP 1: Establishing and defining the client-planner relationship.
At HHM Wealth, our financial planning and service team will work with you to mutually define the scope of the engagement before any financial planning service is provided.

STEP 2: Gather client data, including personal and financial goals and objectives.
Our financial planning and service team will gather all necessary documents and work with you to mutually define the personal and financial goals, needs and priorities that are relevant to the scope of the engagement before any recommendation is made and/or implemented.

STEP 3: Analyzing and evaluating your financial status.
Our financial planning and service team will analyze the information we have collected to gain a full understanding of your financial situation. Then we evaluate the appropriate resources and course of action to meet your goals and objectives.

STEP 4: Developing and presenting financial planning recommendations and/or alternatives.
Our financial planning and service team will use both art and science to formulate recommendations and consider sufficient and relevant alternatives, designed to achieve your personal and financial goals and objectives. Our financial planning and service team shall communicate the recommendation(s) in a manner and to an extent reasonably necessary to assist you in making an informed decision. We will listen to your concerns and revise the recommendations as appropriate. HHM Wealth will also communicate factors critical to your understanding, including but not limited to:

  • Personal and economic assumptions
  • Interdependence and recommendations
  • Advantages and disadvantages
  • Risks
  • Time sensitivity

 

STEP 5: Implementing the financial planning recommendations.
Our financial planning and service team will work with you to mutually agree on the implementation responsibilities consistent with the scope of the engagement. We will either implement the recommendations or serve as a “coach,” coordinating the whole process with you and other professionals.

STEP 6: Monitoring the financial planning recommendations.
Our financial planning and service team will work with you and mutually define monitoring responsibilities. If HHM Wealth is going to monitor the progress, we will meet periodically to review the progress and make adjustments as needed.

 

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