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Our Purpose is to
How does your advisor help you reach this goal?
What are the characteristics of a good Financial Plan?
It is based on your unique needs
It is easily understood
It can be economically and efficiently monitored
It is built upon timeless financial truths
How do I work with my Advisor to develop my financial plan?
Your advisor will work with you to:
Define your goals and dreams according to your unique purpose in life
Assemble all of your current financial information
Objectively analyze the probability of achieving your goals
Develop and maintain a disciplined process to adapt your plan to your changing needs
Continue to encourage and support you as you work toward your goal of financial peace of mind
What specific issues will be addressed in your financial plan?
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Investments: Your advisor will objectively analyze all of your investments to assess overall performance, the balance between risk and return and how your assets are allocated to various types of investments. If this analysis reveals the need for change, your advisor will recommend such changes for your consideration, including specific investments and asset allocation models that have long term track records of success.
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Retirement planning: Your advisor will help you answer the key questions you have about your retirement plans, including;
How much will I need to save and invest for retirement?
What level of earnings will I need from my retirement fund investments?
How much retirement income will I need from all sources?
When will I need to start withdrawing funds from my retirement accounts?
Your advisor will identify and quantify sources of retirement income and recommend investments that will help you meet all of your retirement needs.
- Education planning: Your advisor will help you determine what financial resources will be required to provide the support you wish to give to your children or grandchildren for their college education. We will recommend a tax-efficient strategy to achieve those educational goals.
- Risk management (Insurance): Your advisor will quantify the financial impact of events such as disability, premature death and long term health care and provide an objective analysis of your existing coverage. If changes are needed we will identify at least three financially sound companies that offer solutions and evaluate the cost effectiveness of each.
- Corporate benefits: Your advisor will review and analyze the corporate benefits available to you and help you take maximum advantage of your benefit options. We will then integrate these benefits into your overall financial plan.
- Spending and cash flow: Your advisor will analyze your current debt levels, expenses and savings and recommend strategies to eliminate personal debt, manage on-going expenses and achieve your desired level of savings.
- Estate planning: Your advisor will analyze your current Will, Trusts, Durable Powers of Attorney and Living Will Declaration to ensure that your plans and wishes will be carried out upon your passing. We will recommend strategies to transfer assets in a tax efficient manner to your children, grandchildren and institutions about which you care deeply.
- Charitable giving: Your advisor will discuss with you your interest is giving to your church, charities, institutions and causes about which you care deeply, and incorporate into your plan funding strategies that will turn your intentions into reality.
What are the steps involved in preparing your financial plan?
Triune will:
- Define the relationship you will have with Triune throughout the planning process, discuss your current situation and desired goals, and outline the scope and cost of Triune services.
- Obtain from you qualitative information regarding personal and financial goals, as well as quantatative data such as investement statements, insurance contracts, employee benefit booklets and estate plans.
- Analyze and evaluate your current financial status.
- Develop and present financial planning recommendations to you in a manner that can be easily understood.
- Define who will be responsible for implementing each step of the plan and select the products and services required.
- Monitor actual perfomance against the plan
How much of my time will the financial planning process require?
The amount of time will vary depending upon the level of complexity in your plan. However, we are very respectful of your time and will make every effort to keep the process as efficient as possible. Our goal is to complete the initial plan within 30 days. Face to face meetings generally require 60 to 90 minutes, and typically two or three meetings are needed to develop and finalize the plan. Once the plan is implemented, you will have at least one 60 to 90 minute meeting with your advisor every six months. Generally, those meetings will be held at our offices in Overland Park.
How much does the financial plan cost?
Pricing for written financial plans is determined by an hourly rate of $150 - $200. Thus, most plans can be created for a fee of $500 to $5,000, depending upon the complexity of your financial situation. Planning fees (if any) for future years will depend upon your situation at the time. In any event, all fees will be disclosed in advance, so you will know exactly what the cost of our services will be.
What if I am not satisfied with the plan?
We are not in the business of selling financial plans. Our services are most effective if we can develop a long term, trusting relationship with you. If at any time during such a relationship you are not satisfied with our performance you may terminate our services. If termination occurs before the plan has been implemented, we will return all of your materials to you and give you a full refund of any fees you have paid.
What is my role in the planning process, and what are my responsibilities?
While your advisor can be a valuable resource to you, the financial plan is your plan. Your personal commitment to setting goals and implementing the plan is the ultimate key to success. You will need to provide documents to your advisor in a timely manner, provide open and honest feedback and maintain communication throughout the process, letting us know when important changes take place in your life that impact your financial plan.
With your help we can achieve our goal to:
Encourage and Equip you to achieve financial peace of mind.
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