We believe the best way to assist our clients in their quest to manage personal wealth is to understand their complete financial picture and help them make smart decisions. Strategically planning your finances allows you to make these important choices with a true understanding of how each one will affect your overall financial goals and objectives.

Our consultative planning process ensures a comprehensive approach to managing all of your needs. We employ Certified Financial Advisors who are committed to assisting clients throughout the financial planning process.

Our process is designed to help you determine where you are today, where you want to be in the future, and the path toward connecting the two.

What Is Financial Planning?

Financial planning is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a home, saving for a child’s education or planning for retirement. The financial planning process consists of six steps that help you take a “big picture” look at where you are financially. The process involves gathering relevant financial information, setting life goals, examining your current financial status and coming up with a strategy or plan for how you can meet your goals.

Copyright (c) 2006, Certified Financial Advisor Board of Standards, Inc. All rights reserved. Used with permission.

The Benefits of Financial Planning

Financial planning provides direction and meaning to your financial decisions. It allows you to understand how each financial decision you make affects other areas of your finances. For example, buying a particular investment product might help you pay off your mortgage faster or it might delay your retirement significantly. By viewing each financial decision as part of a whole, you can consider its short and long-term effects on your life goals. You can also adapt more easily to life changes and feel more secure knowing that your goals are on track.

Copyright (c) 2006, Certified Financial Advisor Board of Standards, Inc. All rights reserved. Used with permission.

The Financial Planning Process

Our financial planning process follows a reassuring six step system so that both the financial advisor and our client stay in-sync with their goals and objectives.

1. Developing a relationship with a financial advisor

The financial advisor should clearly explain and/or document the services that will be provided to you and define both parties’ responsibilities. The advisor should explain fully how he/she will be paid and by whom. You and the advisor should agree on how long the professional relationship should last and on how decisions will be made.

2. Gathering necessary data, and establishing goals

Your financial advisor will ask for information about your financial situation. You and your advisor should mutually define your personal and financial goals, understand your time frame for results and discuss, if relevant, how you feel about risk. In order to do this, your financial advisor should gather all the necessary documents before giving you the advice you need.

3. Analyzing and evaluating your financial status

Initially, your financial advisor will analyze pertinent information to assess your current situation and determine what you must do to meet your goals. Depending on which services you have requested, this could include analyzing your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.

4. Developing and presenting financial planning recommendations and/or alternatives

Once your situation has been evaluated, your financial advisor will offer financial planning recommendations that address your goals, based on the information you provide. During this time, your advisor will review the recommendations with you to help you understand them so that you are able to make informed decisions. Your advisor will also listen to your concerns and revise the recommendations as appropriate.

5. Implementing the financial planning recommendations

You and your advisor will determine how the recommendations should be carried out. The advisor may implement the recommendations, or serve as your “coach,” and coordinate the entire process with you and any other professionals, such as attorneys or stockbrokers, as you deem necessary.

6. Monitoring the financial planning recommendations

You and your advisor will determine who will be responsible for monitoring your progress toward your goals. If your advisor is in charge of the process, he/she will report to you periodically to review your situation and adjust the recommendations (if needed) as your life changes.

Copyright (c) 2006, Certified Financial Advisor Board of Standards, Inc. All rights reserved. Used with permission.

Insurance Services

McDonald Partners utilizes in-house expertise and strategic partnerships with many insurance companies to develop a plan that best suits your needs. Insurance is a leading factor for a family’s financial well-being and is important when it comes to retirement savings. Depending on your financial situation, our advisors will analyze whether your current insurance is sufficient to meet your needs, or if there is a need for additional insurance.

Our financial advisors can also determine if there is a need for creating retirement income through annuities. We also work to protect the financial security of our clients’ families with life insurance, in the event of a client’s death.

Whether the need involves supplementing retirement income, funding retirement income completely, replacing lost income or simply taking advantage of tax-deferral features, our financial advisors can help determine what option is best suited to address your needs.