A goal without a plan is just a dreamThat is why CohnReznick’s Personal Financial Planning practice offers a robust planning process that helps enable high-net-worth individuals to develop a holistic blueprint to turn those dreams into a reality.
Preparing for your future
Preparing for your future involves a disciplined process that begins with an integrated and comprehensive evaluation of your current financial situation, and culminates in a holistic goal based financial plan. The plan will include specific recommendations for achieving your goals but will not stop there. Given CohnReznick’s network and resources, we are uniquely positioned to convene an extended team that includes world class professionals from such areas as tax, trusts and estates, insurance, business planning, and investment management.
Have an upcoming liquidity event?Many clients find that an impending liquidity event such as a sale of a business or inheritance, or looming retirement may be the impetus for financial planning. Others begin early as assets begin to seriously accumulate, families start, and businesses grow. Whatever the reason, the financial planning process is more than an exercise; it’s a valuable roadmap to follow on the road to financial freedom.
Financial planning process:
Identify, prioritize, and establish financial goals
We will start the process with an initial engagement meeting, where we will determine the right questions to ask based on your specific needs and review and prioritize all potential goals.
Gather client financial data
By completing the planning questionnaire and providing banking, investment, and insurance policy statements, we can see where you are now from a financial perspective.
We will assess your current financial situation during this phase, identify and stress test potential obstacles to achieving your goals, and analyze alternative scenarios.
Recommend strategies to achieve goals
After presenting the plan findings to you, we will work with you to evaluate and finalize the proposed recommendations to ensure they are consistent with your goals.
We will work with your current financial advisor(s) and or other members of our CohnReznick team, including our affiliate CohnReznick Wealth Management, to implement your financial plan and achieve your goals.
As you move forward, we will be at your side to review and revise the plan as needed, offer you continued client access, and link all of your accounts to the financial plan.
Meet the team
CPA, Partner, Managing Director, CohnReznick Wealth Management
John Dugan Jr.
Director of Financial Planning
Let’s start a conversation about your company’s strategic goals and vision for the future.
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