Process

Enjoy the benefits of Colosimo Financial's "Solutions that Let You Sleep at Night" program with its comprehensive six-step process designed to meet your investment, retirement, and estate planning needs.

Our planning process will allow you to optimize your financial situation and achieve financial independence. We meet with new clients three times throughout the planning process and consult with specialists in Wealth Creation, Insurance Planning*, Tax Planning, Estate Preservation, and Portfolio Construction to develop the best plan for you.

* Offered through Canaccord Estate Planning Services Ltd.

Where do you want to go? Where are you Today?

What financial goals would you like to reach? Our team will take the time to listen. We understand that everyone has a different dream of what the future holds and our job is to help you turn your dream into reality. You may want to retire early, protect your family, pay lower taxes, or leave a large donation to you favorite charity. Our planning process will help you achieve your objectives.

Analyze Financial Situation

Once we have discussed where you want to go, we will analyze where you are and develop the first draft of a Wealth Accumulation plan. This first draft will take all of the facts gathered in the first meeting and develop them into a plan outlining the journey from your present situation to your financial future. We also analyze your existing portfolio to determine if it is taking too much risk or not enough risk as well as whether or not it is taking full advantage of the markets.

Wealth Creation, Tax Planning, and Portfolio Construction consultants may be used.

Review Wealth Accumulation Plan

In our review of the wealth accumulation plan we will demonstrate how different variables can affect your financial future. Retiring early, working longer, rates of return, and life expectancy all have dramatic effects on your financial plan. We will incorporate many different assumptions and variables to show the risks involved with your plan. To complete this part of the financial plan, we will run our Asset Allocation AnalystT software, generate an Investment Policy Statement, and draft an engagement letter.

Analyze Insurance Planning and Estate Goals

After we have agreed upon a wealth accumulation plan, we then look at insurance planning and estate goals. Colosimo Financial understands how death, disability, and illness affect your family and their financial future. We analyze these lifestyle risks and recommend a plan that minimizes their impact in order to ensure your family's security.

Insurance Planning, Tax Planning, and Estate Preservation consultants may be used.

Review Insurance Planning and Estate Plan

In our review of the insurance planning and estate plan, we will show you the effects of death, disability, and illness at different ages and different degrees of severity. After the review we will determine which of these risks is most likely to affect you and build a plan to protect your family.

Implement

We will design a timetable of events that will give us a road map to follow when implementing your financial plan.

Monitor & Review

The financial planning process is not a one-time event. We will review your financial plan every three years or during any major transition such as a career change, birth, inheritance, or lifestyle change. We will conduct annual reviews of all investments and insurance policies that we implement.