New York Life is dedicated to serving professional advisors
We have the answers... and we're happy to share
Bring your career to life
Bring your career to life
We're in this together
It all starts with you
We're here to help
We have the answers... and we're happy to share
Bring your career to life
Planning Process
One thing our clients appreciate about working with us is that we don’t believe in cookie-cutter solutions or a one-size-fits-all approach. Instead, we follow a meticulous process designed to help us get to know each client’s situation, goals, values and priorities as well as their level of risk tolerance so that we can make appropriate recommendations to meet their needs. Everyone is different and we may amend our approach to suit a specific client, but in general, we utilize the following process to help those we’re privileged to serve.
Please click on a step to learn more about our process.
Intro Call
Initial Consult
Case Design
Strategy Session
Plan Delivery & Implementation
On-going Advice
Intro Call - Estimated Time: 30 Minutes
Topics
Get to know each other
Discuss your planning concerns
Explain who we are and how we work with clients
Provide an overview of the process
Confidential questionnaire emailed directly to you
Initial Consult - Estimated Time: 1-1.5 Hours
In Person or Virtual Meeting
Topics
Review completed confidential questionnaire
Focus on your specific goals and confirm financial data
Conduct a cash/income needs analysis along with a retirement planning worksheet
Address any questions/concerns around the planning process
Discuss the costs associated with entering into a formal financial planning engagement
Case Design
Now the fun begins! This is the part of the planning process where our team begins developing your financial plan based on your goals and financial data. Expect frequent communication from us as we have additional questions and need supporting documents (paystubs, estate documents, investment/retirement account statements, insurance coverage, etc.).
Strategy Session - Estimated Time: 1 – 1.5 Hours
In Person or Virtual Meeting
Topics
Review your Balance Sheet (Net Worth Statement)
Analyze your cash flow (Inflows vs Outflows)
Discuss our observations and recommendations going forward
Confirm your specific action items with a date for completion
Plan Delivery & Implementation - Estimated Time: 30 minutes
Phone Call or Virtual Meeting
Topics
Answer any questions that arose from your strategy session
Confirm your goals and action items
Discuss the next steps
On-Going Advice - Throughout the next 12 months
Communicate with each other as questions arise about: