The 1776 Process
Our process is the critical component of how how we design strategies for our clients & how we effectuate the results our clients demand.
We listen and ask questions to gain a basic understanding of your particular situation and concerns. Where appropriate, we explain our planning process and set a time for you to meet with us and your trusted advisors.
If you wish for us to review your affairs, we will quote a fee for this initial review and will request your:
Most current financial statements (including asset ownership and basis);
Past three years of individual and business tax returns;
Existing legal planning documentation; and
Supporting data and documentation.
If we determine that our services can be valuable to you and your family, we visit with you and your selected advisors for a one or two-day retreat to more fully understand your family, business, assets, concerns, and goals–far more than tax savings and asset protection.
Based on your needs and desires, we formulate the parameters of the Design Engagement including design fees, deadlines, and responsibilities.
With your advisors we create a plan by analyzing, testing, and challenging combinations of planning theories and strategies that specifically meet your needs. Where appropriate, through the use of narratives, graphs, charts, and schedules, we build your comprehensive, dynamic, workable, and understandable Wealth Strategies Plan.
We take you step-by-step through the Preliminary Plan for your understanding and input to further tailor the plan. Where desired, we refine and re-present the Enhanced Plan. Together, we set the specific fees, timelines, and goals for the Implementation Engagement.
Every detail of the plan is assigned to the appropriate advisor for immediate action. Each advisor then implements their portion of the plan, including funding, reporting, management, and legal documentation. Following implementation we meet with you and your other advisors for a Confirmation Meeting to review and address the Implementation Details; Exception Reports; and Remaining Questions.