Personalized Financial Planning Services

That 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.

As accountants, we not only hold unique insight into our clients’ financial situations but also have the responsibility to put our clients’ interests first and operate with the highest standards of independence and transparency. Our focus is on developing a personalized roadmap that helps enable clients to pursue their own passions and dreams. As trusted advisors, we will be a consistent presence during the life of the financial plan as circumstances change, markets evolve, and refinements to the plan are required.

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. 

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. 

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.

Analyze data

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.

Implement plan

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.

Ongoing monitoring

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.