The Day & Ennis process: The right plan can organize your financial life.
At Day & Ennis, we begin working with our clients by listening to them. We want to understand your personal and financial goals and concerns. Once we’ve helped you prioritize them, we develop a strategy to help you achieve success.
Your outlook will become clear as we integrate virtually every aspect of your financial life into a single comprehensive plan. We include cash flow and retirement planning, investment planning, insurance and risk management, income tax planning and estate planning. Through working together, we can offer advice based on your unique situation.
Our planning process helps us develop cost saving ideas and the most effective financial strategy for you. Here’s how it works in five steps:
Step One – Discovery Meeting. At this meeting, we ask you a series of questions to better understand what is important to you. What is it you want to accomplish? What keeps you awake at night? We talk to determine where you are now, where you want to be, and any gaps or obstacles that stand in the way. We work to get a clear picture of you and your finances so we can guide you in how best to achieve your goals.
Step Two – Ideas Meeting. Next, we review the total client profile we’ve created following our discovery meeting. We also review the ideas and strategies that will comprise our Advanced Plan. We’ll share with you our analysis of your current portfolio and assess your risk tolerance, comparing it to that of your current portfolio allocation. The Advanced Plan will cover four broad areas including wealth enhancement (including cash flow management and tax minimization), wealth transfer, wealth protection and charitable giving.
Step Three – Commitment Meeting. If we both agree that we have a basis to work together, we will schedule a mutual commitment meeting to sign our investment advisory agreement, account applications and other paper work.
Step Four – Follow-up Meeting. We work closely with you to complete and implement your Advanced Plan.
Step Five – Regular Strategy Meetings. The financial planning process is ongoing, adapting to changes in your personal situation. We arrange regular meetings to measure your progress towards your goals and make changes as necessary.