Our Financial Planning Process

A Personalized Financial Profile

H Financial Management provides financial planning, investment advice, and wealth management.  Areas of planning include asset allocation, investment selection, retirement planning, college funding, and employee benefits and qualified plan subaccount analysis.  Engagements are limited in scope based on the client's unique circumstances.

We begin all of our client relationships with the development of a personalized Financial Profile.  This analysis includes net-worth, asset allocation, retirement analysis, survivor needs, and estate planning.

Our clients' investment funds may originate from a Marcellus Shale oil and gas contract, the sale of a small business, a 401(k) rollover from an employer, a pension fund, or a combination of several investment vehicles.  Furthermore, each individual's situation is different in terms of money needed in retirement, the desire to pass on a legacy, or the need for funds to be liquid.  Despite these differences, our six-step process ensures that we provide "individual services for the individual needs" of our clients.

The Six-Step Financial Planning Process

1. Establishing and defining the client-planner relationship - The financial planner explains or documents the services to be provided and defines his or her responsibilities along with the responsibilities along with the responsibilities of the client.  The planner explains how he or she will be paid and by whom.  The planner and client should agree on how long the relationship will last and on how decisions will be made.

2. Gathering client data and determining goals and expectations - The financial planner asks about the client's financial situation, personal and financial goals, and attitude about risk.  The planner gathers all necessary documents at this stage before giving advice.

3. Analyzing and evaluating the client's financial status - The financial planner analyzes client information to assess his or her current situation and determine what must be done to achieve the client's goals.  Depending on the services requested, this assessment could include analyzing the client's assets, liabilities and cash-flow, current insurance coverage, investments, or tax strategies.

4. Developing and presenting the financial planning recommendations and/or alternatives - The financial planner offers financial planning recommendations that address the client's goals, based on the information the client provided.  The planner reviews the recommendations with the client to allow the client to make informed decisions.  The planner listens to client concerns and revises recommendations as appropriate.

5. Implementing the financial planning recommendations - The financial planner and client agree on how recommendations will be carried out.  The planner may carry out the recommendations for the client or serve as a "coach", coordinating the process with the client and other professionals such as attorneys or stockbrokers.

6. Monitoring the financial planning recommendations - The client and financial planner agree upon who will monitor the client's progress toward their goals.  If the planner is involved, he or she should report to the client periodically to review the situation and adjust recommendations as needed.

To set up a consultation with one of our professionals, please give us a call at 1-800-344-5434 or request a consultation through our online form. Just click on ‘Request a Quote’, then ‘INFORMATION REQUEST’ for a consultation.

Please Note: The scope of any financial planning and consulting services to be provided depends upon the needs of the client.  HFM does not serve as an attorney or accountant. HFM does not prepare estate planning documents or tax returns.