Riverchase Wealth Management, LLC utilizes proven processes to guide our clients through their financial planning. Our processes were developed based upon industry accepted practices. While the specific process used by our financial planners may vary slightly based on your specific needs, the following details the foundation of our processes.
This meeting, usually an hour in length, is held in our offices. The purpose of the meeting is for us to get acquainted and determine if a relationship would be in both of our interests. During this meeting we aim to learn more about you, your concerns and what services you are interested in. We will also share with you who we are, the services we may be able to provide and an estimate of the fees we would charge. This meeting is offered with no obligation on your part following the meeting.
When you decide to engage our services, we will ask you to complete our engagement contract and provide you with a list of additional information that we will need to get started. At this time you will be asked to pay a deposit based on the estimated total fee. Once we have your signed engagement contract and deposit, we will schedule your Discovery and Data Gathering meeting.
Discovery and Data Gathering
At this meeting we will gather all of the pertinent information needed to assess your current situation. We will then discuss what you are looking to achieve in your life, so that together, we can establish your goals. When establishing your goals we will evaluate many factors, including your time horizon and your comfort with risk.
Once the Discovery and Data Gathering is complete, we will analyze your information to assess your current situation, determine what options you may have and what must be done in order to meet your goals. We will then begin designing your financial plan and creating the final reports for your review at the Financial Plan Presentation.
Financial Plan Presentation
At this meeting we will review and present your financial plan. We will discuss our reports with you and provide a written summary our observations and recommendations. You will also have the opportunity to discuss any concerns you have, and if appropriate, revisions may be made. At the conclusion of this meeting the balance of actual fees incurred is due.
Implementation is key to what makes the Financial Planning Process work. During your Financial Plan Presentation we will discuss an appropriate plan for you to implement and monitor your plan. You may choose to implement and monitor the plan yourself, or engage us to assist you. We provide a 60 day period after the Financial Plan Presentation where you may call or e-mail us with questions relating to your plan without incurring new charges.
At the conclusion of our engagement:
Your relationship with us will continue on an as-needed basis. There is no obligation to engage us further. You may call or e-mail us whenever you wish to initiate services. If you wish, we can be pro-active in reminding you to schedule periodic reviews. Many clients like to have an annual plan review or update visit. Once we remind you that you are due for a review, you are responsible for calling us to schedule the meeting.
“The secret of getting ahead is getting started. The secret of getting started is breaking your complex overwhelming tasks into small manageable tasks, and then starting on the first one.”