Strategic Planning

What is your personal vision? Where do you see yourself five years from now? Ten years from now? How will you get there?

Establishing Goals

At Evermay, these and many other questions kick off the strategic planning process, an essential and integral part of your wealth management program. During this phase, we explore in depth your personal and professional goals, priorities and concerns. Perhaps you want to start a new business, or retire sooner than you originally planned. Or maybe you’ve been thinking about setting up a philanthropic organization. These aspirations will provide the overall direction for your strategic plan.

Assessing Finances

We also assess and analyze your current financial situation, including quantitative data such as recent tax returns, monthly investment and retirement account statements and insurance policies. We look closely for ways to minimize your tax liability, and fortify your estate plan. We analyze your cash flow to ensure your portfolio generates adequate growth and income, particularly as you head into retirement. Our goal is to create a plan that provides the highest possible return for your particular level of risk.

Setting a Course

What we learn about you in these discussions, along with the financial intelligence we gather, will comprise your strategic plan, which sets a course for your financial growth and provides the guidance necessary to navigate it. The latter includes your customized investment policy statement, in essence a map detailing your asset allocation and other portfolio elements.

Of course, goals and priorities can change, market conditions can affect cash flow and a plan that once worked for you may no longer be appropriate. For that reason, we periodically review your plan and make adjustments accordingly based on your evolving needs.

A seasoned traveler knows that you don’t set off on a journey without knowing where you’re going, and the most efficient route to get there. Your strategic plan provides that direction, helping you to reach your destination, and enjoy the ride along the way.