Our financial planning process
At RiverPoint Capital Management, our financial planning process is designed to take an objective look at your current financial situation and organize a plan of action to help you achieve your goals and objectives.
Our approach is to act as your “chief financial officer” as we build a process around your specific objectives. Through our team approach, our advisors leverage the resources of the firm to implement custom solutions, and we work directly with other professionals, such as accountants and lawyers, to ensure your financial future is well cared for.
Our financial planning process incorporates six steps, as outlined below:
1. Initial meeting/discovery
We begin each relationship with a discovery process that is designed to help us gain a better understanding of your specific needs and objectives. At this initial meeting, we discuss your current financial situation, your specific goals and any challenges you may face as you work toward those goals.
2. Establish goals and gather records
Once we have gained an understanding of your current financial landscape, our next step is to help you articulate your goals and priorities. While some clients come to us with very specific goals in mind, others have a more abstract idea of their goals. Because our wealth solutions are designed with your specific goals in mind, we strive to help you identify exactly what those goals are.
It is also during this stage that we begin to gather relevant records, account numbers, etc. so that we may begin the process of transferring any necessary accounts.
3. Prepare your comprehensive financial plan
During this step, we identify what is currently working, as well as opportunities for improvement. Together, we build a plan tailored to your current situation and focused on helping you achieve your goals.
4. Present recommendations
At this stage of the planning process, we present our specific recommendations on your portfolio. We discuss with you the potential impact of any changes and how we believe our recommendations will help you achieve your goals.
5. Implement your financial plan
Once we agree upon a course of action, we seamlessly integrate all aspects of the financial plan. Because we have already developed an understanding of your objectives, your current situation and your existing accounts.
6. Review, update and monitor the plan
Because your needs and objectives change over time, we continuously review, update and monitor your plan. We touch base with you on a regular basis to discuss any changes that may impact your plan, and we proactively make changes to help ensure your plan is aligned with your objectives.