Process For Clients

You are curious about becoming one of our clients, so, what should you expect? Tim Philpot and David Schoening want to help you make wise choices about money, support you in achieving your financial goals and preserving your assets so you can pursue a higher quality of life. Here’s how our process works:

1) Getting to know You and Your Unique Circumstances

Tim & David’s most important priority is taking time to listen to you and making sure they understand your unique situation. We listen. We learn about your personality, desires, hopes, dreams, your convictions about what you’ve been called to do and yes even your fears about an uncertain future economy. In short, we want to fully understand what is important to you and what you want to accomplish.

2) Gathering and Organizing Financial Information

Once Tim and David understand you and your situation, the next step is to help you organize your financial information and make a determination of what financial resources you have. In other words we develop a financial worksheet. The documents needed for this process typically include:

  • Assets, Liabilities, tax deductions and tax returns
  • Balance sheets
  • Income and expenditure statements
  • Employee benefit plan booklets
  • Retirement planning documents
  • Wills and trusts
  • Insurance policies
  • Investment statements
  • Brokerage house statements
  • Bank statements

3) Developing a “Financial Road Map”

Using the worksheet as a guide, Tim and David devise an effective “road map” for your financial future. More often than not, improvements can be made in the following areas:

  • Retirement Income
  • Asset Protection
  • Income and Spending
  • Taxes
  • Asset Protection
  • Estate Planning
  • Insurance
  • Debt Management

4) Presenting the “Financial Road Map” and Personal Action Strategy

Tim and David will present your “financial road map” and review and discuss every aspect of it with you. If you believe there should be modifications to the “road to retirement” then Tim and David will talk through with you the wisdom of making any changes and in the end whatever decisions are made by you will be incorporated in your “financial road map”.

It is now time to implement your “financial road map”. It’s the implementation that gets you the results you desire. Tim and David will explain exactly what needs to be done, why the actions need to be taken, and how these actions will benefit you. Additionally, they will monitor this process so they can “keep you on track”.

5) Monitoring Your Achievement of Goals

Once Tim and David have helped you with your implementation strategies, they will make periodic reviews of your progress. They will provide you with periodic updates on portfolio reviews, insurance updates, investment options, tax planning sessions and changing market conditions. Besides, you need to keep your ears open to Tim and David’s alerts on risks that can possibly crop up due to fluctuating economic conditions.