Creating a Financial Planning Process
- April 25, 2019
What to know to prepare for life’s ﬁnancial twists and turns
Throughout the various stages of life, we manage our ﬁnances by balancing today’s needs with an understanding there will be others, both large and small, along the way. At times, the signiﬁcance and complexity of some of the issues raised can paralyze even the most experienced investor. Sometimes the answers are not simple; however, there may be opportunities that we as investors can take toward answering the ﬁnancial questions that matter to us.
Oppenheimer Asset Management’s ﬁnancial planning process is designed to examine and help answer those complicated questions affecting your ﬁnancial life.
Our process takes a holistic approach to assess your individual needs. This method will help guide you through an examination of ﬁnancial objectives in an effort to uncover opportunities and identify obstacles affecting your ability to reach those goals. This process will help create a personalized ﬁnancial plan that will clarify and add structure to your ﬁnancial life. Perhaps, more importantly, the knowledge gained will empower you to take action.
The 4 steps of the financial planning process
Together with your Financial Advisor, deﬁne your goals and objectives and collect the necessary data. This is arguably the most important step.
All information will be assessed using a variety of tools and methodologies. The result is your personal ﬁnancial plan: a printed document that can serve as an easy reference manual for you and your family.
Together, you and your Oppenheimer Financial Advisor will lay out the next steps to begin implementing changes to your ﬁnancial plan. They may include updates to your investments, insurance coverage, estate planning documents and more.
Our approach and capabilities
Whether you are saving for that ﬁrst home purchase, growing your family, and thinking of college or planning for retirement, our process is intended to create a foundation for deﬁning—and hopefully achieving—your ﬁnancial objectives.
Together, we work as a team, with you, your family, your Oppenheimer Financial Advisor and other advisors such as your CPA and attorney.
The beneﬁts of our practice include:
A Simple, Flexible and Disciplined Process
- The relationship and ﬁnancial plan will change over time. But the framework for how we reach your objectives is unwavering regardless of market conditions or personal situations. We believe this steady approach leads to a more secure future.
- You will be connected with dedicated professionals who provide tailored advice and speciﬁ c guidance on structuring your assets for your unique goals and objectives.
A “Big-Picture” Approach
- In creating a ﬁnancial plan, we ask a variety of questions to help you prepare for current and anticipated needs. Your immediate goals are the focus, but we may also uncover new challenges that have yet to be prioritized.
- Your Oppenheimer Financial Advisor will follow up with you regularly to review personal and ﬁ nancial changes that have potential to impact the effectiveness of your plan. Revisions will be recommended over time.
As time passes, and we move through new chapters of life, it is imperative to establish and maintain the blueprint toward achieving a ﬁnancially secure future that allows us to accomplish our most meaningful goals.
It is our mission that clients understand their ﬁnancial position, have conﬁdence in their investment decisions and feel optimistic about their future. Take the ﬁrst step in the ﬁnancial planning process by contacting your Oppenheimer Financial Advisor today.
Oppenheimer & Co. Inc. (Oppenheimer), a registered broker/dealer and investment adviser, is a wholly owned subsidiary of Oppenheimer Holdings Inc. Securities are offered through Oppenheimer. If you select one or more of the advisory services offered by Oppenheimer & Co. Inc. or its afﬁliate Oppenheimer Asset Management Inc., the respective entity will be acting in an advisory capacity. Financial planning services are provided by Oppenheimer. If you ask us to effect securities transactions for you, Oppenheimer will be acting as a broker-dealer. Please see the Oppenheimer & Co. Inc. website, www.oppenheimer.com or call the branch manager of the ofﬁ ce that services your account, for further information regarding the difference between brokerage and advisory products and services.
Trust services are provided by Oppenheimer Trust Company of Delaware, an afﬁliate of Oppenheimer.
Alternative investments, such as Hedged Equity, Private Equity and Fund of Funds, are made available by Oppenheimer only to qualiﬁ ed investors and involve varying degrees of risk.
All information provided and opinions expressed are subject to change without notice. Neither Oppenheimer, Oppenheimer Trust Company of Delaware nor OAM provide legal or tax advice. However, your Oppenheimer Financial Advisor will work with clients, their attorneys and their tax professionals to help ensure all of their needs are met and properly executed.
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