What sets us apart?
Initial Review
1st: Answering "What is it that you think we do?"
2nd: Discovery / Experience (your current situation)
What were you trying to accomplish?
Document Review
Family Tree
Net Worth Statement (develop if needed)
Cash Flow
3rd: Defining Objectives
Personal Solutions
Liquidity
Core Wealth (minimum acceptable guarantees)
Risk
Tax Reduction Strategies*
Business Succession
4 Types of Wealth
Strategy Phase
4th: Understanding Your Current Strategy Today, If You Do Nothing
Lifetime Financial Confidence
How Can We Help
5th: Agreement for Action and Performance
What Is The Cost
6th: Life & Legacy- Roadmap
Prioritize Action Steps
Review & Monitoring
7th: Implementation / Refinement
Objective Based Action
Coordination of Other Team Members; Advisors, Attorneys, CPAs
8th: Preparing Heirs – Educating Family Members on Your Estate Plan
9th: Looking up and Down a Generation
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Success isn't just about staying busy; it's about staying focused. Without a clear strategy and the right support, goals can easily slip away into the 'someday' zone. At Proficient Wealth Strategies, we cut through the noise to help our clients turn ambitions into actions and dreams into reality.
Financial Phase Analysis
Cash Flow > Liquidity > Growth > Legacy
Cash Flow: One of the primary steps in our process is to assist individuals, whether in business or managing household finances, in modeling their cash flow (income and expenses) to gain a more transparent view. This is crucial for understanding your lifestyle, how it evolves over time due to life changes and inflation, and identifying any surplus or shortfall that may arise.
Liquidity: After understanding your cash flow, we assess the necessary liquidity for unexpected expenses. Determining the right amount for your emergency fund is personalized, and deciding where to allocate these savings is equally crucial
Growth: Cash flow not only shapes your present lifestyle, but also forecasts your future requirements. After establishing agreed-upon liquidity, you can venture into investments. Growing wealth occurs progressively, guided by your long-term lifestyle goals and the timing of allocations, both grounded in your cash flow analysis.
Legacy: Where do you want your wealth to go after you? Family, community, charity, or taxes? We can provide insight to navigate your legacy options.
Investment Strategy
Immediate-Term / Short-Term / Long-Term
Immediate Term: This segment represents the most liquid area of your portfolio, encompassing checking, savings, and money market accounts. Furthermore, we have access to funds and models that provide quick accessibility when cashflow needs arise. Based on our comprehensive cash flow analysis, this portion of your portfolio is tailored to sufficiently fund the next 3-5 years of your life.
Short Term: This section of your portfolio is designed to fund your needs for years 6-10 of your cash flow analysis. Within this segment, we have access to fund allocations that adopt a balanced approach to investing by utilizing fixed-income solutions. Typically, accounts with a short-term profile hold anywhere from 30-70% of fixed income.
Long Term: Within this portion of your portfolio, we primarily leverage equity fund allocations to provide the greatest growth potential compared to the immediate and short term. We aim to assist you in selecting funds with very specific focuses so that their success in that particular area of investing can be clearly measured. For instance, you may choose to leverage a fund that focuses exclusively on large-cap value investing, a second fund focused on small-cap investing, and a third fund with a focus on international investing. This approach enables us to better evaluate each fund position within your specific allocation.