Financial Planning

At Applied Capital, we simplify the process.

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Create a financial plan

The process of managing your finances begins when you are connected to everything you own, owe, earn, and spend. Also known as assets, liabilities, income, and expenses. We call that comprehensive financial picture your Personal Economy.

Once we fully understand your Personal Economy, we can begin addressing your most pressing needs, risks, and goals. That is how we create a living, breathing financial plan that evolves as your life changes. Then you know where you stand. From that point, our job is to help you get where you want to go.

Elements of Financial Planning

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Understanding your financial circumstances.

Your financial plan will be specific to you, so your financial planner will make sure they completely understand your financial circumstance. They’ll also try to understand your personal circumstances. This step ensures your financial plan is comprehensive and specific to your needs.

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Identifying goals.

Your financial planner will want to understand your top financial goals. Whether buying a house, saving for retirement, or creating a college fund, you will explain your financial goals.

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Analyzing your current course of action.

You’ll also explain what you’re currently doing with regard to your financial goals. Knowing where you’re starting from helps your financial planner create a more realistic plan to help you reach your goals.

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Developing financial planning recommendations.

Now that your financial planner knows all about your goals and situation, they will begin to create and record financial planning recommendations. They’ll present their recommendations to you, giving you options. At this point, it’s important you pick a plan that you’re comfortable and happy with.


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Implementing the financial plan.

Once we help you land on a course of action, then we will create a list of items that will need to be addressed. This could include: consolidating or rolling over accounts, updating beneficiaries, establish or add insurance coverage, and build your investment portfolio.

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Monitoring progress and updating.

As you implement your financial plan, you’ll monitor your progress. Then you can report back to your financial planner, and if something isn’t working, your financial planner will change it. On the flip side, if some aspects of your plan are working better than expected, your financial planner may adjust your plan to include more of the successful strategy.

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