Financial Planning Process

Piedmont Financial Consulting believes that a well - designed financial plan is essential to your success. Below, you will find the steps in our financial planning process.

1. Getting to Know Each Other

In this step we find out about your personal and financial circumstances. You find out about our company and how we are able to work with you to accomplish your goals.

2. Identify & Discuss Goals

We collaborate with you in identifying and prioritizing both short term and long term goals.

3. Review Current Plans & Identify Alternatives

Here, we look at what you already have in place and analyze its effectiveness and efficiency. An example of this would be, are you using a life insurance policy as an investment vehicle? If so, we would look at the internal costs of the policy, the cost of loans to access cash gains in the policy and weigh those against any illustrated gains. From there we would compare the policy against an investment alternative to determine what is best for you.

4. Developing the Plan

We couple our financial expertise with what you may already have in place and center those around a plan that is custom built for you.

5. Present the Plan

This is the day where we advise you on how to take action by presenting a simple, easy to follow plan.

6. Implementing the Plan

Often times this step includes the opening of investment accounts and the purchase of financial products. While we can’t open the accounts for you, nor do we have a product to sell to you; we remain by your side to help you ensure that what you are buying, or the account that you are opening is structured in your best interest.

7. Monitoring the Plan

Over the course of time your situation probably will change. This is why it is important to monitor your plan to ensure that it remains the right plan. At the very least, you can expect a monthly phone call or email from us to determine the effectiveness of the plan. If your plan is ineffective, then let’s get back together and change it.