Wealth Building Service
This page includes full details on the wealth building service and the standard onboarding process for new clients.
hover over each tile to learn more
-
Most people have a vague idea of what their ideal lifestyle would look like. The work we do together will help you gain clarity. Between your vision and our financial analysis, we’ll ensure your life is always moving in the right direction.
-
We’ll establish an initial financial blueprint at the outset of our engagement. And as your life evolves over time, we’ll update it accordingly. No matter what life throws at you, you’ll always have a clear roadmap to navigate it.
-
Your cash flow and debt levels will change over time. The key is using both intentionally, to optimize the quality of your life. We’ll make sure this is done efficiently and consistently.
-
Our goal is to help you build significant and meaningful wealth. It’s critical that we protect what we are building. We’ll continuously asses risks and help you address them. This includes establishing a sufficient emergency savings, as well as an annual review of insurance coverages. Reflective Wealth earns no compensation if insurance is recommended.
-
Your employer benefits are a meaningful part of your compensation. It’s important to maximize them. Every year, we’ll review your benefits around the time of your open enrollment period. And we’ll provide ongoing investment advice on your 401(k) or other employer-sponsored savings plans.
-
With a keen eye on your goals and tax efficiency, we’ll advise you on account types and investments within each type of account. We’ll also develop and automate an optimal contribution strategy. And we’ll organize your financial life by consolidating accounts, as needed.
-
Any accounts we set up for you will be actively managed on your behalf. Your asset allocation will be based on your risk tolerance and and time horizon. You will have a portfolio of low-cost ETFs, which will be rebalanced on a regular basis to ensure your optimal asset allocation is maintained.
-
We always want to make sure you are investing toward your goals wisely and efficiently. If retirement or college savings are part of your plan, we’ll consider things like time horizon, contribution strategies, fees, tax implications, and future withdrawal considerations.
-
During the setup process, we will ensure that your accounts are titled properly and that your beneficiaries are designated. This way, you know your accounts will be efficiently distributed to the right people in the event of your death. If you require more advanced estate planning, we can assist you for an additional one-time fee, as needed.
-
Once your initial plan is up and running, we’ll meet to review your progress quarterly. And you’ll have unlimited email access in between. As needed, you can purchase additional services like tax and estate planning. And as your wealth grows, you’ll eventually qualify for our premium wealth management service.
Onboarding Process
This process will vary for each client, but it will typically be completed over a 4 - 6 week timeline.
Meeting 1 - Goals Discussion
During our first meeting, we’ll establish your most important life goals. At the end of this meeting, you’ll get a tour of our financial planning software (Right Capital), which will be the primary tool used to help you achieve your goals. After this meeting, you'll get all your data entered into the software and we’ll get started on establishing your initial financial blueprint.
Meeting 2 - Cash-Flow Analysis
We’ll review your initial blueprint with you, with a high focus on your cash-flow projections. This will allow us to assess the viability of your goals. If there's a cash-flow deficit, we’ll discuss ways to reduce your expenses or adjust your goals. If there’s a surplus, we’ll have a conversation around how to best allocate those dollars.
Meeting 3 - Review Financial Plan and Recommendations
During this meeting, we’ll review your full financial plan with you and go over all of our recommendations. If there's anything you want to adjust, refine, or explore further, we'll take the time to do that together. At the end of this meeting, you should feel clear, confident, and excited about the path ahead.
Meeting 4 - Account Funding
Prior to this meeting, we will have established your new financial accounts, based on our recommendations. During this meeting, we’ll start the process of funding these accounts. If you’ll be making regular contributions or withdrawals to/from your accounts, we’ll ensure bank links are established. If you’ll be transferring existing accounts, we’ll initiate these transfers.
Ongoing Quarterly Meetings
Once accounts have been set up and funded, we'll be ready to move to our regular quarterly service schedule. Each quarterly meeting will address a specific financial planning topic, while also reviewing progress toward your goals.