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Transition Planning

Why Transition Planning Is Important

Financial management is already complicated, and the complexity grows when you undergo a personal transition. Significant life events can hinder rational long-term thinking, replacing it with confusion, emotional turbulence, and inconsistent behavior—and those can lead to regrettable financial decisions. Having a team of experts you can trust to provide unbiased guidance during these times is vital.

Ultimately, our goal is to make the financial side of these transitions less stressful and more productive.

Our Transition Planning Services

As a part of our transition planning services, we will help you adjust to your new reality by gathering information, determining your needs, and talking through the various financial scenarios before implementing financial planning and investment management strategies.

How Transition Planning Works

A life-altering event can lead to a sudden change in your financial situation and uncertainty in your future. Successfully managing these transitions is more challenging than one may realize: It's not just a matter of managing the financial situation, it's also managing the change. We support our clients as they go through life transitions by re-establishing the perspective required to make sound financial and life decisions. These decisions are based on your personal experience, informed by facts and figures. Life events that lead to change and transition include:

  • Divorce
  • Loss of spouse or partner
  • Relocation or job change
  • Inheritance
  • Retirement
  • Marriage
  • Starting a family
  • Sale of a business
  • Change in health

Employing an array of specific strategies, processes, and services, we provide sound guidance for financial management and wealth planning in the face of personal transition. Our proven process includes six key steps.

One: Establish order. As life events happen, it is easy for your goals to be thrown off track. Stopping to evaluate the impact of these changes is an important first step to gaining control. 

Two: Regain balance. Once we analyze your current situation, we can begin to help you create a new normal. This will also provide a new perspective and help alleviate concerns and anxiety.

Three: Explore and consider your options and opportunities. Life-altering events allow for the opportunity to reconsider our financial priorities and goals. Whether it is reprioritizing saving or finding new investments, we can help you identify these possibilities.

Four: Plan and move forward. Our next step will be putting everything into a comprehensive plan that can help guide your decisions going forward. In this plan, we will outline both your goals and strategies.

Five: Refine and rethink. As time goes on, we will monitor your plan and adjust where needed. Life will begin to normalize, and your plan will need to evolve as well.

Six: Pursue wealth management and stewardship. Once things have become more stable, you can begin thinking of ways to grow your portfolio and plan for the future.