Our Process

Our process is defined by the six steps below. Please click on each level to see a description of the steps we take to ensure our clients receive a complete financial strategy that is based on the client’s individual goals and objectives.

Image Map
1. Define Objectives and Lifestyle Goals - Family, Risk, Short Range, Long Range

The first step includes working with the client to develop specific financial objectives and goals. We consider the client’s lifestyle, family, and what the client wants to achieve. The client’s objectives should balance both short and long-term goals and consider the level of risk vs. return with which the client is comfortable.

2. Discovery - Collect necessary information; Tax Returns, Cash Requirements, Assets, Liabilities, Benefit Plans

Second, we analyze the client’s financial situation through a detailed study we call Discovery. We will confidentially review the client’s current finances with an eye toward problem areas and opportunities.

3. Analyze Objectives - Sensible, Consistent, Balanced

Step three is analysis. The client’s financial goals are prudent. They must make sense to the client and to the advisor. Reaching the best decision involves the balance of conflicting objectives, expectations, and priorities. A comprehensive analysis will help the client sort out consistent, realistic financial goals.

4. Compare Alternatives - Risk, Timing, Tax Considerations

In step four, the client and advisor will compare alternative paths to the clients goals. Primary and contingency plans are developed from the many strategies available to the client. Finding the appropriate strategies involves weighing the strengths and weaknesses of many criteria, including risk, funding, priorities, economy of effort and many other variables.

5. Implementation to ensure the client’s financial strategy works in concert with client’s objectives

Step five is to implement the plan. SBC Wealth Management has the necessary technical skills and support systems to successfully implement financial strategies tailored to the client’s specific situation. Our wide range of services enable us to put the client’s plan into action, in cooperation with the client’s legal and tax advisors. Ultimately, we consider it our fiduciary responsibility to ensure that all efforts are focused on the goals of the client, and not on SBC’s.

6. Periodic Reviews - Make sure that the plan is still on course and that minor adjustments are made early to help avoid major corrections later.

Step six is to periodically review the position of the client’s planning. This step is critical as the economy, markets, and legal environment are always changing. A regular review allows the client and their advisor to make the minor adjustments to their plan along the way to their financial goals.