Experience the difference it makes to have a knowledgeable advisor who works with you to understand your feelings about money, your future goals and objectives, your tolerance for risk and your time frame. We begin the financial planning process with a thorough conversation of your current situation. From there we tailor a plan specifically suited to your needs.
At Victory Wealth Management we have a disciplined process, dedicated to providing the level of service you and your family deserve. Once we have established a basis for a mutually beneficial relationship and a desire to move forward, together we begin the planning process.
This typically involves an initial series of meetings. Everyone’s situation is unique. Depending on the complexity of your situation we will look to establish an ongoing communication strategy and meeting schedule that meets your needs. We have found that most clients prefer to meet in person at least annually with quarterly reviews as needed.
What to gather
Helpful Data for a Financial Planning Interview
- Complete listing of all liabilities. Current interest rates, term, monthly payment and balance owed. Let me know on which accounts you are paying extra. Will you plan to continue this?
- Budget. What are your current monthly living expenses?
- Complete listing of all assets. These would include: cash savings, stocks, bonds, mutual funds, annuities, IRAs, art and collectables of significant value, automobiles, fair market value of real estate, fair market value of business interests etc.. Please include anything that you would expect to see on your net worth statement. Please list date acquired, at what cost and current/fair market value if known. Most recent statements are helpful.
- Tax returns, last 2 years.
- Most recent pay stub.
- Any expected or current pension or annuity payments. Do these continue for surviving spouse? If reduced, by how much?
- Most recent Social Security statements.
- All insurance policies and/or most recent statements. Car, home, liability, life, disability, long-term care, etc.
- Retirement plan information. Plan data showing investment options. What is your contribution? What is employer match?
- Copy of any current estate planning documents including: Wills, Living Trusts, POA’s (durable and medical), Trust agreements, etc.
- Names and phone numbers of any trusted outside advisors, such as a CPA or attorney,
- What are your short and long term goals and objectives, both financially and personally?
- How have you handled market fluctuations in the past? Do you typically buy more, sell or hold?
- What "big" events are coming up or have recently occurred?
- Is there anything else that would be helpful for us to know in reviewing your situation or looking at the “big picture”.
Naturally, this data is held in confidence.
