The Planning Process

To help you achieve your financial goals, Fairchild Financial follows a six-step process.

 

1. Establishing our relationship

During your initial meeting, we will discuss the services you would like us to provide, whether comprehensive financial planning or guidance in one key area – such as retirement, estate planning, or investing. 

 

2. Reviewing your individual situation and objectives

Every family’s financial situation is unique. That’s why it’s so important to find out as much as we can about you and your financial goals. The more we know about you, the more precise recommendations we can make and the more we can help you. As a result, we will take time to discuss your hopes, dreams and objectives – the things that really matter to you. We will gather all the necessary information and documents before offering any advice.

 

3. Analyzing and evaluating your financial status

We will analyze your information to assess your current situation and determine what you must do to meet your goals. Depending on what services you have asked for, this could include analyzing your assets, wills and trusts, current insurance coverage, investments or tax strategies.

 

4. Developing recommendations

We will offer recommendations that address your goals and have your best interest at heart.  We will go over the proposal while listening to your concerns and questions and revise the plan as appropriate so that you can then make an informed decision.

 

5. Implementing the recommendations

If your final plan includes investment strategies we will provide these services through our fee based investment advisory program. 

 

If insurance protection is needed, we have the resources to find the best rates and coverages with highly rated insurance companies and can handle the application process for you. 

 

If you need new or amended estate planning documents our in house attorney can be of service. 

 

Or if you are in need of a service we don’t directly provide, we can refer you to an outside professional.

 

6. Monitoring progress and providing ongoing service

Planning is not a one-time event. Strategies need to be adjusted periodically as your life changes. We will work with you over the years to help keep your program on track with your changing needs and the ever-shifting economic and financial environment.