Our Process

Fimognari Financial offers a customized approach to investment management.  With each client’s unique needs in mind, we focus on your goals, risk tolerance, tax situation, time horizon and cash flow in our holistic planning process.

This comprehensive financial planning process is designed to help coordinate and orchestrate the many aspects of a client’s financial life into a cohesive whole.  The following illustrates the many dimensions.

“Our Ten Steps to Financial Harmony”


  1. The Discovery Interview



Initial meeting with client to collect factual data as well as discuss their attitudes, values, beliefs, feelings, objectives, and priorities.



  1. The Re-Presentation Interview



Review of facts and confirmation of goals, objectives, and priorities.



  1. The Net Worth Review



Create a detailed Net Worth Statement including financial assets, personal assets, business assets, and liabilities.  Review tax cost basis and related opportunities.



  1. The Asset Allocator



Analyzes investment assets from asset allocation and risk/return standpoint and discusses strengths and weaknesses of current allocation.



  1. The Income and Cash Flow Review



Review current income and expenses and considers future income and expense opportunities and obligations. Review tax* implications.



  1. The Capital Needs Analysis



Reviews the needs of self, surviving spouse, and family in the event of untimely death or disability.  Plans for potential liquidity needs.  Considers “worst case scenario.”



  1. The Retirement Feasibility Analysis



Evaluate client’s ability to retire based on stated objectives. Identifies potential deficiencies and opportunities. Utilizes “probability” analysis in portfolio design.



  1. The Estate Transfer/Business Succession Review



Analyzes future wealth transferred to heirs.  Coordinates wealth management, estate objectives, and business succession objectives while looking at retirement cash flow and investment allocations.



  1. The Five Areas Checklists



Checklists to review planning opportunities and shortfalls in the five key areas: Business Planning, Asset Management, Estate Conservation, Income/Cash Flow Review, and Risk Management.



  1. The Periodic Review Interview



Monitors plan progress, reassess goals and priorities, and adjusts as indicated.


 


Start moving towards your financial harmony and contact Paul today!


 


* Neither New York Life Insurance Company, nor its agents, provides tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional before making any decisions.

Calculators

Newsletters

  • A Roadmap for Your Family

    A letter of instruction has no formal legal status, but it could be just as important as a legal will to help settle an estate.

Subscribe to our Newsletter