The Financial Planning Process

Latest Spring 2017 Quarterly Newsletter In this issue, Tracey Baker, CFP, reflects on current markets as we head into the summer months. Kevin Donovan, CFA, compares performance of "Actively" vs. "Passively" managed funds. Parker Trasborg, CFP, discusses the implications of several common estate planning pitfalls. Read about the tax related benefits that can arise from making Qualified Charitable Distributions. Jessica Ness, CFP, talks about our Day of Service when we partnered with one of our favorite local service organizations for the second year in a row. See how our clients have two different programs to track their CJM portfolios. January 2017 Audio Update Join Tracey, Brian, Kevin and Tim as they discuss CJMs expectations for the markets in 2017, a discussion on small cap equities as well as Tims thoughts on income distributions in retirement. Newsletter & Podcast Archive

The idea behind planning with purpose is based on a complete process.

As financial planners, we believe strongly in clearly defined goals and objectives as the basis for any starting point. As such, we want to learn as much as possible about our client, their spouse, their family, their career, and what is important to them. We believe that the better we understand the things that are important to the client, the better we can assist them in developing a custom tailored solution to meet their short-term and long-term goals.

The process of financial planning at CJM Wealth Advisers, Ltd. is as follows:

  • Collection of Client Data. Our Client Data Questionnaire is often referred to as "client homework" to be completed after our initial meeting. This document asks for detailed information regarding finances and investment preferences.
  • Second Meeting. We may hold a second meeting wherein we have the opportunity to ask questions regarding the client's answers on the questionnaire. The planner will outline a course of action that is specifically tailored to meet the clients needs.
  • Projections, Solutions and Recommendations. Once the signed contract has been returned to our office, the CJM Wealth Advisers, Ltd. team then analyzes the client data and develops projections, solutions and recommendations.
  • Planning Meetings. When the entire plan has been finalized and assembled, a planning meeting, or several meetings, is scheduled to review the data analysis and recommendations.
  • Implementation. The recommendations that are part of the original plan are implemented using the on-going investment advisory services of the firm.
  • Ongoing Monitoring and Service. Even the best plan is without benefit if it is not reviewed to make sure that all the pieces to the puzzle are working in sync. Both periodic investment performance reporting and planning reviews are offered to help ensure the client is meeting objectives.