financial-plan

 

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For many, the idea of financial planning is simply investing.  While investing is a large part of financial planning, it is just one of the many services we provide to help our clients.  Financial planning can best be described as an all encompassing approach to managing your finances.  While many advisors call themselves financial planners, many are not.  This is one of the reasons why some people believe financial planning is only about investing.

For us, we take a comprehensive approach to financial planning. That means we look at your investments, debt, taxes, insurance, wills, trusts, & physical assets to determine your likelihood to attain your goals and to determine what your future cash flows could look like. We serve our clients as their life advisor, with a belief that financial planning is an ongoing process in which we help and coach clients to reach their personal financial objectives, including, financial independence, estate preservation, and a legacy of wealth, significance, and values.

The financial planning process itself involves multiple steps. First we gather all of the pertinent information to see your entire financial picture. We then draft a financial plan.  Our financial plan will tell us how your investments should be allocated and what types of investments are best for you. The plan will also address your current insurance needs. Do you need long term care? Do you have enough life insurance? Next, we’ll address your estate planning needs and help you find an attorney you can work with whom you’ll trust. We then look at your taxes to ensure you are not paying Uncle Sam more money than is necessary. During this time, we’ll also address any other goals you might have in mind.

The next step is ongoing portfolio management. We work with well known companies like Fidelity, VanGuard & Dimensional funds to help you manage your assets. Constructing your portfolio is just the first part of the process. We must continuously analyze your portfolio to ensure you are positioned appropriately for current market conditions as well as ensure you are invested according to your current risk tolerance.  Portfolio rebalancing is crucial to ensuring your investment allocation is appropriate.

From there we’ll meet with you periodically to review your investment performance and monitor your financial plan. As humans, we typically have at least 2 life events per year that could affect our financial plan.  Think about your last year.  Did you start a new job? Get promoted? Experience family loss? Have a baby? Buy a home? Get Married? Get Divorced?  Have a family member get sick? Send a kid to college? These are all examples of life events that would arouse a need for change with your financial plan.  Once we’ve met to determine what changes have happened in the last year, we update your plan to outline the necessary changes to stay on course.

A little bit about Wisdom Investments: We have a FIDUCIARY responsibility to act in the best interests of our clients. What matters most to us during the financial planning process is that we focus on what matters most to you. We help you align your desires with your goals to accomplish your financial objectives and stay true to your values. You can expect our highest level of commitment to this approach as when it comes to your money there is nothing more important than your goals and your values.

Do you know someone who needs our services? Please email us!

We provide financial planning & investment management advice for a fee.  We use the most technologically advanced financial planning software available.  We use Fidelity as your custodian to hold your assets. Wisdom Investments is a privately owned, independent financial planning company. We are not a broker. We are not compensated by third party companies to provide Investment advice. We have been serving Arlington Heights and the Northwest suburbs since 1999. We have a reputation built on helping successful individuals achieve their financial planning goals. In addition to providing Comprehensive Financial Planning advice, we provide a full range of services including, but not limited to, Retirement Planning, Investment Planning, College Planning, Estate Planning, Insurance Planning, and Tax Planning. Our Founder and President, Bill Kmiecik leads the organization with more than 30 years of financial services experience. Mr. Kmiecik is a resident of Arlington Heights and belongs to several organizations, some of which include, The American Institute of Certified Public Accountants, The Illinois CPA Society, The Arlington Heights Historical Society, The Arlington Heights Chamber of Commerce (member of Financial Review Committee), Rotary Club of Arlington Heights (Past President).

We would love the opportunity to show you how we are different than most financial companies. In this business, trust is important.  Trust is not automatically given. Trust is earned.  Come see why clients have been working with Wisdom Investments since 1999.

Blessings,

Jose Cuevas
847-290-0753

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Jose Cuevas                    VP Financial Planning Wisdom Investments

 

 

 

 

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