FIDELIS iM empowers your financial success by following these six steps
1. ESTABLISHING AND DEFINING THE CLIENT | ADVISOR RELATIONSHIP
During the first meeting, it is important that there is a dialogue to clearly define the scope of the engagement so that both parties understand the expectations of each. This is a collaborative effort between advisor and client. Upon defining the relationship, you should fully understand what services will be provided by FIDELIS iM and what the cost will be.
2. GATHERING CLIENT DATA, INCLUDING FUTURE GOALS
We will ask for information about your financial situation. This is where you will be doing most of the heavy lifting, and it will require you to provide detailed information about your finances. In order for us to create a blueprint for your success, we need a complete understanding of the current state of your financial affairs including but not limited to your employment, savings, lifestyle, goals, and expectations for retirement. During this time, we will also discuss how you feel about risk.
3. ANALYZING AND EVALUATING YOUR FINANCIAL STATUS
Now it is our turn to take what you provided in step 2 and analyze the information to assess your current situation to determine what you must do to meet your goals. We will analyze the information to identify strengths and weaknesses in your financial situation with respect to the goals and expectations set forth above. This process may involve analyzing your assets, liabilities and cash flow, current insurance coverage, investments, or tax strategies.
4. DEVELOPING AND PRESENTING RECOMMENDATIONS
We will use our knowledge and experience, along with our sophisticated financial planning tools to generate a plan for you. The development of your plan may include a portfolio stress test, which will identify the probability of you meeting your goals by implementing the proposed plan. The recommended plan, along with an analysis of your current situation will be presented to you in a written report. We will discuss the report in a follow up meeting where we will determine the timeline for implementation.
5. IMPLEMENTING THE PLANNING RECOMMENDATIONS
The best prepared plan is meaningless unless it is implemented properly. During this step, we will put your plan into action. This may include selling current securities to reallocate into your new investment portfolio. FIDELIS iM will ensure the proposed plan is effectively implemented and will coordinate with other professionals such as attorneys, accountants, or insurance professionals, if necessary. We will also serve as a guide for the parts of the plan for which you are responsible.
6. MONITORING THE PLANNING RECOMMENDATIONS
As your advisor, we will monitor your progress towards your goals and hold you accountable. At the same time, we will be doing our part to ensure you achieve success. At this stage, FIDELIS iM will be managing the investments in your plan and is responsible for the monitoring of investment performance, changes in laws that affect your plan, and the economic environment. We will meet with you regularly to discuss any changes in your situation, recommend actions in response to those changes, and examine the progress in achieving your goals.