Step 1 Data Collection:
Typically, the advisor will collect data from the client, including assets and liabilities, tax returns, payroll data, biographical information on each family member, expenses, etc.
In some cases, he receives a data survey (fact finder). The advisor may write up a short recap of the client’s situation, what issues they would like to address in the plan, and if there are any special considerations.
Step 2-3 Access and Input Data/Audit existing plan:
The advisor may scan and upload this data to client Vault, email, or utilize a cloud sharing system. Jacque then enters all the client data into the financial planning software and communicates a list of missing information or clarifications to the advisor.
Step 4 Review Model with Advisor:
A short webinar with the advisor to review the data and ensure it is complete before launching client webinars.
Step 5 Client Presentations:
Jacque presents the financial plan via webinars.
Jacque reviews the client’s net worth and cash flow in great detail and can make adjustments very quickly while the client is participating. If the client or the advisor request scenarios, Jacque creates the plans on the fly during the webinar.
Sometimes, the client may wish to revisit the scenarios and adjust data at a future point. In other instances, the advisor may request the formal plan from Jacque after the client webinar.
Jacque is very flexible and can meet the needs of each advisor’s practice.
Step 6 Deliver Completed Financial Plan:
Once the advisor alerts Jacque that the client’s plan is acceptable, Jacque sends the deliverables to the advisor.
The advisor can then print the financial plan in their own office, add custom documents if the advisor chooses, bind, and deliver it to the client.
Jacque’s top billable rate is $160 per hour; he tracks time in a detailed manner and prepares a monthly invoice for each advisor.