A.M. Stutts Financial Management follows Garrett Planning Network’s 7 Steps to Financial Success.
STEP 1 | Initial Inquiry/Community Outreach
We provide a brief description of our services, philosophies, methodology, and fee structure. We’ll direct you to our website or mail you an introductory packet to help you learn more.
If our services appear to fit your needs, we will schedule a Get Acquainted meeting in person or on the telephone, and at the same time provide you with additional information to help you learn more.
STEP 2 | Get Acquainted Meeting/Teleconference
We can meet with you in person or via teleconference. It’s an opportunity to exchange information about your needs and objectives, to further discuss which of our services are right for you, and to provide you with an estimate of the cost of our services. Remember, we do not accept commissions, and instead we charge for our services on an hourly, as-needed basis, or project basis.
Client/Consumer’s Responsibilities: If you choose to use our services, we will provide a list of additional information that we’ll need to begin.
STEP 3 | Data Gathering and Initial Preparation
After receiving your information, we’ll begin to review and develop your custom financial plan. We will prepare initial reports that we’ll discuss with you at your plan meeting.
Advisor's Responsibilities: You will need to gather the requested data and then possibly complete a risk assessment and other questionnaires. This information will need to be provided to us before your next meeting.
STEP 4 | Interactive Goal Setting
Depending on your individual circumstances, this meeting may or may not be necessary. If it is, it will be via teleconference. We will work with you to further clarify the information you have provided thus far, and to refine your financial goals and objectives.
This is another opportunity for you to clarify your current situation, financial goals and objectives, and to discuss with us any additional questions and concerns.
STEP 5 | Analysis and Plan Formulation
We’ll analyze the information you have provided and consider various options and opportunities available for each planning objective. We’ll conclude our research and analysis, and produce the final reports that include observations, assumptions, specific recommendations and an action plan tailored specifically for you.
The ball is in our court. All you have to do at this point is await your next meeting with us.
STEP 6 | Presentation of Your Financial Plan
Together we’ll review your personal financial plan and our specific recommendations.
You now hold your personal blueprint designed with your financial goals in mind. You are empowered with specific recommendations to implement your financial plan. If you wish, you may employ us further to assist you in carrying out that plan.
STEP 7 | Implementation and Follow-Up
Many of our clients are able to carry out plans on their own, so implementation is excluded from initial projects. If you have questions or need clarification about a specific recommendation, you can call or e-mail us for one month following the Presentation Meeting to receive follow-up guidance at no charge. Once we finish your project, there are no further obligations to work together in the future. We recommend meeting regularly for financial reviews and when major life events occur (e.g., marriage, new child, etc.), but there are no requirements that you do so.
Financial planning is an ongoing process, not a one-time event. Proper implementation of a financial plan and periodic professional reviews are crucial to reaching your financial goals.