Our Process
Most people fall short of reaching their financial goals because they procrastinate or make poor short-term decisions based on emotion or lack of follow-through. The best way to achieve long-term goals is to stick to a consistent process.
Step 1: Get Acquainted
Initial conversation with your JWS Advisor
Get to know each other
Allow time to become aware of the JWS process
Develop knowledge of JWS technology and approach
Step 2A: Discovery - What Matters, and Why
Prioritize your goals & objectives and confirm financial data
Begin to develop your “Macro-Picture"
Address any questions/concerns about the planning process
Discuss the costs associated of working with JWS
Every family's financial situation is unique. That's why it's so important to find out as much as we can about you, your situation and you're wanting to be in the future. The more we know, the more precise recommendations we can make and the more we can help you. As a result, we may take some time to discuss your hopes, dreams, objectives, and the things that matter most to you.
Step 2B: Discovery - Document Gathering and Access
Review inventory of documents we need to draft your plan
Access and introduction to your “Client Portal” Website
Start connecting all your outside accounts so you and your advisor can collaborate with real-time information
Step 3: Location & Direction
Review Financial Statements, Goals & Objectives - Gain Clarity
As needed, we will collaborate with you to identify and prioritize your objectives
This is important because we live in a world of unlimited choices. People often fail to achieve objectives because they try to accomplish too much at once.
By breaking down your goals, we can look at available resources and prioritize accordingly.
Step 4: Strategy Session
Review your Balance Sheet (Net Worth Statement)
Discuss Advantage and Disadvantage of Current Holdings
Analyze your cash flow (Inflows vs. Outflows)
Discuss adjustments
Discuss our observations and your choices to accomplish your goals
Based on our conversation and analysis, we can recommend the steps that it will take to help you achieve your financial goals.
Step 5: Plan Implementation
Answer any questions that arise from your strategy session(s)
Present your customized “Macro-Picture”
Create a timeline to complete action items and assign tasks to the appropriate person(s)
We'll implement and work closely with you and your other third-party professionals to ensure its success. We'll monitor progress and provide ongoing service as your needs and situation change over time.
Strategies need to be adjusted periodically as your life, and the economy changes. We will work with you over the years to help keep your financial assets aligned with your current needs and priorities.
