The goal of financial planning is to provide a framework for making good financial decisions. At ARM Financial LLC we support our client's financial decisions using the following process:
We gather detailed information from the client about their current cash flow, assets, liabilities, tax situation, and foreseen financial events.
We compile the information and assess the client's financial position using accepted financial planning practice standards as published by the Certified Financial Planner® Board of Standards Inc.
We present the plan to the client. The written plan includes
- an analysis of their financial situation
- an analysis of their risk situation
- suggestions for cash flow modification
- suggestions for timing of large purchases
- suggestions for investment allocation and diversification
- suggestions for improving tax treatment
- suggestions for insurance coverage
- suggestions for estate planning
- A summary of how their financial situation might evolve over time
We maintain contact with the client and assist them with implementing their plans and answering their financial questions. For instance, a plan may suggest acquiring life insurance. Client's often have questions during the process of acquiring insurance such as
- What is the difference between term and whole life insurance?
- What is the difference between a fixed and variable annuity?
We pride ourselves on our commitment to helping our clients understand and feel comfortable with their financial decisions.