PHASE 1
GETTING TO KNOW YOU
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
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
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
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
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
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
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
- Deliver written summary of recommendations by discipline
- Review tools and tactics implemented thus far
- Prioritize and implement additional solutions