Our process
Are you tired of the same old boring and analytical financial planning process? Don’t settle for cookie-cutter, product-focused approaches. At Colgan Capital, you’ll experience a holistic planning process … a process that examines your values and your valuables.
Step one is to establish a solid understanding of your purpose and goals. Then, we review your finances and make money management recommendations. Once your finances are in good order, we bring it all together by integrating legacy planning—a unique service that empowers you to leave a meaningful legacy for those you love.
If you are only concerned with investment management and don’t wish to take advantage of our legacy planning services, don’t worry—our process is adaptable to meet your needs, too. We have many clients that engage our services for strictly achieving their financial goals. Nonetheless, you can rest assured knowing that we have the capabilities to help you plan your legacy when you’re ready to move forward.
The Four Step Process
Before Colgan Capital begins our simple four-step process, we will sit down with you, ask open-ended questions about your needs and expectations, and review our services to determine which ones might be appropriate. Then, should you wish to engage our services, we will proceed with the following four steps:
1. Get Your House in Order
Objective: Organize and update your vital information.
Strategies: Your advisor will go over a list of 38 vital documents that need to be in your safe, tell you why they need to be in the safe, and organize them for you. We’ll even review the documents to ensure everything is up-to-date and accurate. You will also be provided with a membership to BreadcrumbsSM online legacy planning software. Here, you’ll be able to document all of this important information and much more.
2. Plan Your Finances
Financial plan
Objective: Create a financial plan designed to help you actualize your financial goals and support your core values.
Strategies: We’ll present your financial plan and engage in an interactive dialogue to confirm that you’re comfortable with our recommendations.
Investment management solution
Objective: Implement an investment solution that maximizes your financial resources and moves you toward achieving the goals outlined in your financial plan.
Strategies: We’ll present your investment plans and hold an interactive dialogue to ensure you understand and agree with them.
Risk management solution
Objective: Devise an insurance solution that helps you to protect your savings and achieve your goals.
Strategies: We’ll show you your insurance recommendations and discuss them to ensure you understand and agree with them.
3. Plan Your Legacy*
Objective: Establish a legacy plan that will share your values, life lessons, memories, and final wishes with your loved ones and future generations.
Strategies: We will clarify the definition of “personal legacy planning,” demonstrate its power, and show you how easy it is to plan your own legacy. Then, should you wish to proceed, we’ll provide you with access to Breadcrumbs online legacy planning software.
4. Manage Your Progress
Objective: Empower you to live for today and plan for tomorrow.
Strategies: Since your needs and goals evolve over time, we want to maintain an ongoing relationship with you. Throughout our relationship, we'll revisit your plan and make adjustments to your strategies and tactics, helping you to stay on track for meeting your life goals.
*Step three is highly recommended, but optional.
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