Peace of Mind Wealth Management Process

Our Peace of Mind retirement process can be a little overwhelming for some, so we decided to make the process a little less intimidating for you. We’re going to walk you through the Peace of Mind wealth management process step-by-step:

  1. Personalized Introduction Meeting
  2. Personalized Planning Meeting
  3. Personalized Options Review
  4. Personalized Monitoring

If you decide that you want our help when you’re trying to secure your retirement, these are the very steps that we’ll go through to help you meet your retirement planning goals.

Personalized Introduction Meeting

An introduction meeting is the first step to working with us. This meeting is very important, and in our process, it’s a no-obligation meeting. We sort of view this as your “second opinion” because you’re coming to us with an idea for your retirement plan that you want to be validated.

You’ll come into the meeting with what you’ve prepared prior or with documents so that we can create a financial snapshot for you.

The snapshot will help us understand where your financials are today.

We’ll use this meeting to determine:

  • Are we a good fit for you?
  • Are you a good fit for us?

If we’re a good fit for you and you’re a good fit for us, we can then move forward. 

The financial snapshot of today allows us to judge where you are today and how we can help you reach your goal of a peace-of-mind retirement. In total, the meeting is 30 – 45 minutes, and we’ll get to know each other, your goals and how you view things.

For us, there are two reasons that we may tell you that you’re not a good fit for us:

  1. You’re spending far too much money for any plan to be sustainable. We can determine this pretty quickly.
  2. You want us to buy risky investments for you that we don’t agree with, such as options or futures, which we believe hold too much risk to be viable.

If we both believe that we’re a good fit for each other, we’ll schedule a planned meeting. Even if we’re not a good fit, you’ll walk out of the meeting with some form of validation for your financial future.

Personalized Planning Meeting

After the first visit, we have your financial snapshot, which includes:

  • Assets
  • Spending
  • Income
  • Retirement goals
  • Inheritances
  • Estate plan
  • Etc.

Before the second visit, we’ll start working on your plan, plugging it into our software and coming up with a general plan for you. We’ll be able to calculate things such as Social Security and retirement income.

We’ll also go through a risk assessment, such as calculating where your investments are and what their potential may be in the future. Our team will score all of your investments so that we can determine the true risk of your financial plan.

We’re able to run what-if scenarios during this meeting, such as:

  • What happens if I retire today? 5 years from now? Etc.
  • What happens if a spouse dies?
  • What happens if you live to 80, 90 or 100?

Everything is visualized so that you can see what major events may impact your retirement.

Finally, we have a major risk conversation with you. We’ll run a simulation of your risks using your portfolio information so that we can address your risk properly. The personalized planning meeting is a truly eye-opening experience and one that often leads to many people realizing 15% to 20% of their retirement is high-risk, meaning it can disappear quickly.

At the end of the meeting, you’ll receive a full printout.

This meeting will last about an hour for most clients.

Personalized Options Review

If you’re on board and want to come back for a third meeting, The Options Review is the next step, and it’s a commitment. In the second visit, we provide a ton of value for free, and the option review is where you come in and are serious about working with us.

You’ll come in with questions, such as:

  • How would our relationship with you work?
  • How do I allow you to manage my 401(k)?
  • Etc.

We go through any questions that you have and discuss your options with you. Once all of this is done, we can then really work with you.

Personalized Monitoring

Personalized monitoring is us implementing the plan we laid out for you. We execute the plan that we discussed, and we monitor your accounts daily. We’ll make adjustments as necessary to help your money grow and push you closer to your retirement goal.

We’ll also need to monitor your finances and life changes.

And we do this monitoring through meetings. We will certainly have an annual meeting with you, but we also have many clients that we meet with more frequently. Meetings will depend on your needs, and we’re flexible here.

For example, you may want to meet more when you:

  • Are close to retiring
  • Lived in retirement for 5 years and want to sell your house and travel
  • Etc.

We also provide a market update to our clients every Monday, so you’re always in the loop and can be confident in your retirement plan. The process is very detailed, and we also offer tax planning, tax strategy, estate planning and other key elements to help you manage your money in the best way possible.

If you would like to schedule a personalized introduction meeting with us, click here.