Many individuals confuse financial planning with general savings and investing advice. While determining how much to save and where to invest is important, it’s just a small part of the big picture…especially as your net worth grows.
True financial planning encompasses much more, including how to find tax savings in all aspects of your financial life, how to safeguard and preserve your assets, and how to protect your legacy after you’re gone. And, high-quality financial planning should provide specific strategies to help you achieve your goals faster and more tax-efficiently.
Too often, financial planning is limited, automated and treated primarily as a means to get you to investing decisions. That’s not enough. Instead, financial planning should create a clear road map to your ideal life and help you get there faster, with fewer setbacks.
Why Financial Planning Is Important
At Holland Capital Management, planning drives everything we do for you. A well-grounded financial plan can help you lower your tax liability and save money more easily. It can also help you build and protect your legacy, so everything you’ve worked for lasts after you’re gone. A good financial plan should also focus on protecting and strengthening your wealth, so you feel confident about the future.
But we go even farther since, as a high net worth or high-income person, you have more to lose. We’ll help you with asset protection, more sophisticated estate and tax planning strategies, trust administration, specialized lending, and much more. This helps you get what you need from one source and ensures you’ll never outgrow our services.
What We Can Do For You
Here’s the financial planning process you can expect at Holland Capital Management:
- Discovery: To help you achieve your goals, we need to understand your objectives, constraints, and starting point. We also want to work together to clarify your goals so your progress can be easily measured. We do this through a consultative discovery process. At the same time, you will learn what we can do for you.
- Strategizing: Now that we have a better sense of who you are, and what you wish your financial future to look like, we can work together to find the best financial strategies to help you achieve those financial objectives. We will bring in specialists as needed to help ensure you get the best advice possible in areas such as tax planning.
- Holistic Planning: We don’t believe in cookie-cutter approaches. Through our systematic process, we’ll create a set of personalized, holistic plans – for the short, intermediate and long-term that will help guide your overall financial strategy. Our planning process is intensive, and we do it using a consultative and iterative approach. Each session brings us closer to helping you achieve the financial objectives set out during the Discovery phase.
- Implementation: Now that the plans are complete, we’re here to help you implement them. Whether it’s making adjustments to your portfolio, putting tax and estate planning strategies in place, or helping get your entire family on board with your new financial plan, we’re here to help. If something requires collaboration with your other professionals, we’ll take the lead to save you time and hassles.
- Frequent Reviewing and Monitoring: To be effective, your financial plan needs to change along with your life and outside conditions. We stay alert for ways you can take advantage of opportunities, which might happen as market conditions change, or if new tax laws are passed. We’ll check in with you often and continue to look for ways to improve your plan. Through constant monitoring, and frequent reviews with you, we’ll make modifications as needed so you can continue working towards your goals.
