In today’s complex world, your personal finances entail a wide range of financial disciplines. Comprehensive financial planning is the art and science of analyzing all the areas that make up your financial life and designing a plan that will help you reach your most important financial goals. This plan should consider your goals and aspirations, as well as your personal risk tolerance and the characteristics that make you unique. Many companies offer a cookie cutter approach to this process. At Modus Advisors, we treat our clients as unique individuals. As a fee-based fiduciary, we are structured to deliver a planning process that is designed for your individual needs.
Some of the main areas that make up a personal financial plan are:
MONEY MANAGEMENT – A business would not consider operating without a Profit and Loss statement, and neither should you! We help our clients track their income and expenses, uncovering ways to reduce debt and increase savings.
INVESTMENTS – Our team of professionals designs a customized investment portfolio based on your unique situation. Liquid cash needs and timeframes are identified. Tax-advantaged options are explored. Your personal risk tolerance guides our process, and we report to you regularly to track your results.
TAX PLANNING – No one voluntarily chooses to pay more in taxes, but without engaging in tax planning, that is what many people do! We monitor your personal tax situation and are continually seeking ways to reduce your taxes to meet your planning goals more efficiently. We work closely with your CPA or advisor to coordinate your tax strategy.
COLLEGE FUNDING – Many clients desire to provide a college education for their children or grandchildren. We help you estimate the future cost of college and put together a funding plan that takes advantage of the various tax breaks that will help you meet this goal.
ESTATE AND INSURANCE – Protecting what you have, for yourself as well as for future generations, is an important part of a comprehensive plan. We will help you maintain proper insurance, without the biased sales pressure of many insurance agents. We also work with your estate planning attorney to develop a plan to meet your long-term estate planning goals.
ANYTHING ELSE – Life changes quickly. We know you. We know your situation. This allows us to help you make the right financial decisions in all areas of life.
Whether buying a 2nd home, leasing or buying a car, charitable planning, or hundreds of other financial decisions, our unique perspective as your trusted advisor puts us in a position to help.
Developing a comprehensive financial plan is the start of the process, not the end. We have the systems in place to meet with you regularly, to monitor our progress, and to revise your financial plan as needed. Our main purpose is to help you achieve your goals. We have the tools, people, and expertise to get the job done.