Discover Jacque LeFore’s Outsourced Planning Process. A unique and tailored approach to help complete advanced modeling in Emoney.
Step 1 Data Collection:
In some cases, he receives a data survey (fact finder). The advisor may write a brief recap of the client’s situation, including the issues they want to address in the plan and any special considerations.
Step 2-3 Access and Input Data/Audit existing plan:
The advisor may scan and upload this data to the client’s Vault, email, or use a cloud-sharing system. Jacque then enters all the client data into the financial planning software and communicates a list of missing information or requests for clarification to the advisor.
Step 4 Review Model with Advisor:
A short Zoom meeting with the advisor to review the data and ensure it is complete before launching the client’s Zoom presentation.
Step 5 Client Presentations:
Jacque presents via a scheduled Zoom meeting.
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 requests scenarios, Jacque creates the plans on the fly during the Zoom meeting.
Sometimes, the client may want to revisit the scenarios and adjust the data later on. In other instances, the advisor may request the formal plan from Jacque after the client’s Zoom meeting.
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 electronic copy of the deliverables to the advisor.
The advisor can then print the financial plan in their own office, add custom documents if desired, bind it, and deliver it to the client.
Billables for the Outsourced Planning Process:
Jacque’s top billable rate is $180 per hour; he tracks time in a detailed manner and prepares a monthly invoice for each advisor.