Personal Planning

PHASE 1

GETTING TO KNOW YOU

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ENGAGEMENT AND
DATA GATHERING

  • Engagement Letter signed by all parties
  • Data and documents requested to begin process
  • Requested data varies according to type of engagement
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DISCOVERY
CALL

  • Review data and documents
  • Introduce OJM team
  • Request additional information
  • Determine priority of process steps
  • Define success of process

PHASE 2

ANALYSIS AND IMPLEMENTATION

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ASSET
PROTECTION

  • JD partner provides comprehensive Asset Protection Analysis
  • Evaluates current levels of exposure for each asset
  • Recommendations to improve protection for each asset class
  • Cost/benefits of different tools on a (-5) to (+5) sliding scale
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TAX
PLANNING

  • Review of personal tax returns
  • CPA partner provides comprehensive Tax Planning Analysis
  • Recommendations to reduce and/or defer tax liability
  • Focus on tax diversification
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INVESTMENT
MANAGEMENT

  • Wealth advisor reviews recent investment statements
  • Online tool to determine Risk Score
  • Discussion of current portfolio, past performance and fees
  • Recommendations for reallocation, if needed
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INSURANCE PRODUCT
ANALYSIS

  • Life, disability and long term care policies evaluated by OJM expert
  • Property and casualty policies reviewed by partner firm
  • Existing policies compared to alternatives
  • Options for premium reduction/improved coverage presented
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FINANCIAL
MODELING

  • CFP® analyzes current cash flow, income projections and retirement goals in different scenarios
  • Provides guideline for savings to meet financial goals
  • Review retirement funding methods and tools for funding college education

PHASE 3

SUMMARY AND ACTION ITEMS

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  • Deliver written summary of recommendations by discipline
  • Review tools and tactics implemented thus far
  • Prioritize and implement additional solutions