Financial Planning Process

Identify Your Needs and Objectives:

We want to know what is important to you.  Our intention is to understand financial concerns, goals, past investment experience, personal values, and appetite for risk.

Gather Information: 

It is critically important to obtain an accurate understanding of your current financial situation.  During the planning process, as applicable, we will request financial account statements, income information, estate plan documents, liability statements, insurance policies, and income tax returns.

Develop a Plan: 

After an analysis of the information has been completed, we develop a plan in alignment with your goals.  Based on our conversations, the plan contains appropriate recommendations and rationales showing how the plan can help you achieve your various financial goals.


This is putting the plan into action!  Implementation could include reallocating assets to reduce risk, buying insurance, working with an attorney to draft a will, signing up for employer-sponsored benefits, etc.  Clients are under no obligation to implement the plan recommendations using the products and services offered by Open Door Financial.

Ongoing Maintenance: 

Financial planning is dynamic in nature.  Once the plan is printed, things are already changing.  Beyond the financial markets, life events such as marriages, divorces, births of children, deaths in the family, inheritances, disabilities, layoffs, etc. occur that can shift objectives and planning assumptions.  Assuredly, the planning process is an ongoing relationship. 

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