Discover

The first step in the risk management process is to identify and measure potential risk. A significant part of the process is to discuss your background and understand any priority concerns. This allows us to focus on your primary issues, to identify risks that may not have been considered, and to communicate risk into quantifiable terms as compared to your current financial situation. It also allows us to show potential exposure at various points in the future to determine if the risk is increasing or decreasing. Finally, it helps us gain insight into previous strategies that may have been implemented or abandoned.

Design

Once we understand the size and scope of the risks you and your family may be faced with, we can focus on the solutions that are available. We educate our clients on the difference between accepting a risk, mitigating or avoiding the risk, or insuring the risk. We ensure that existing risk management strategies continue to meet your objectives and are considered against any fresh solutions. Strategies are customized to your individual needs with a focus on efficiency and flexibility. Those strategies and their alternatives are discussed in detail so that you have a full understanding as to why one strategy is recommended over another.

Deliver & Dedicate

Finally, we work closely with you and your team of trusted advisors to create and execute an implementation plan. We will coordinate the many moving parts, including coordination with attorneys regarding any necessary legal documents, such as wills and trusts, buy/sell agreements, and gifting and/or sale documents. Tax implications and filings can be discussed with your existing CPA. We will also coordinate and implement the financial instruments necessary to the strategy, including investment accounts or the appropriate insurance product.