A Values-Based Approach to Financial Planning
At Provision Wealth Management, Inc., acting in your best interest is our number one priority. All of our clients have a unique set of goals, values and passions. At the beginning of our process it is our desire to learn all about your faith, family, work, community and/or what you value most in life. With our values-based approach to financial planning, your core values become the basis for our philosophy and your financial plan.
We follow the Certified Financial Planner Board, Inc. Code of Ethics, Standards of Conduct and financial planning process.
1. Establish and Define the Client-Planner Relationship
Before developing a plan, we’ll both define our relationship. During this step, we’ll discuss the following areas with you: services we provide, our responsibility to you, your responsibility to us and planning engagement details. If we’re both in agreement, we’ll move forward with the process.
2. Gathering Information Necessary to Fulfill the Engagement
Your goals and dreams are important to us. During this step, we gather the necessary information to do analysis and create a plan that will provide clarity and confidence to help you reach your goals and dreams. At Provision Wealth Management, Inc. we are devoted to developing clear and measurable objectives, while prioritizing your needs.
3. Analyzing and Evaluating Your Current Financial Status
Our team will evaluate your current financial situation in light of your values and goals. This will be the basis for creating your plan and making recommendations to ensure your financial situation aligns with your values and financial goals.
4. Developing the Recommendations
Our team will define clear and measurable recommendations to ensure you achieve your financial goals in light of your goals, our analysis and your financial plan. When possible, we’ll define the impact of implementing our recommendations.
5. Communicating the Recommendations
We will clearly communicate our recommendations to help you meet your financial goals and provide any deliverables from the engagement. In this step, we will also make any necessary adjustments and enhancements to your plan.
6. Implementing the Recommendations
Your financial plan is only as good as your ability and willingness to implement our recommendations and continue to stick to that plan. You can choose to implement on your own or with the help of our team. &
7. Monitoring the Recommendations
In this step, we’ll review your financial plan and the implementation of your plan in light of your changing financial situation. We will make and make any necessary adjustments and new recommendations to ensure that you stay on track.
8. Practicing within Professional and Regulatory Standards
At Provision Wealth Management, Inc., we hold ourselves to the highest professional, legal and moral standards. We are fiduciaries and will always act in our client’s best interest.