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Ten Ideal Client Commitments

Every effort is made to be sure that each member of our ideal client community has their “Financial House” in order. Altus Wealth  Strategies offers Ten Commitments in the areas of Financial Planning, Tax Planning, Money Management, Estate Planning and Risk Management / Insurance Planning, all or some of which you may request of us. 

1. Creation and Update of Your Written Comprehensive Financial Plan:

We will create a comprehensive written financial plan and update it when your circumstances change.

2. Your Greatest Probability of Success Strategy (Your GPSS):

  • A step-by-step plan of action describing each action item envisioned by us resulting from the comprehensive financial plan;
  • A simple chronological list of action steps needed to create the greatest probability that you will stay on-track with your financial plan over the years.

3. Client Progress Reports:

It does no good to spend time thoughtfully planning and goal-setting if no further action takes place to accomplish those items.  Sometimes we just need a little nudge to get us back on track. This can take place by email, a quick phone call, a note or by some other means. Depending on the outcome of the communication and importance of the goal, we may send you a written progress report. This simple report would show you the progress you are making toward the goals you have set for yourself.

4. Money Management (and general planning issues):

Money Management

Oversight is provided over all individuals who manage your investment assets to ensure that:

  • Your overall allocation is suitable to your investment objectives and risk profile;
  • Low-cost, high quality growth assets, if appropriate, are reviewed for suitability;
  • The plan's performance is serving your long term goals;
  • An appropriate lifetime income strategy is designed if desired.

General Planning

In-depth issues are reviewed with you to ensure any changes in your circumstances are reflected in a revision to your comprehensive plan.

5. Income Tax Projection before Year-End:

Toward the end of each year we may, if requested by you, do income tax planning for you with two objectives in mind:

  • Seek ways to reduce taxes, and
  • Try to avoid any “surprises” come next April.

6. Income Tax Review and On-time Filing:

If requested by you, we will work with you to have a tax subject matter expert review your tax return each year before it is filed.

7. Estate Planning:

We can reach out to you to review your estate plan and have you update your plan if:

  • Your estate circumstances have changed;
  • Your desires regarding your estate plan have changed;
  • The estate tax laws have significantly changed.

Once every five years we may propose that you have an estate planning review of your plan with the objective of:

  • Establishing a plan for your money with the goal of making it last until the next generation and beyond, and
  • Create a process that may bring your heirs closer together, as opposed to creating animosity and conflicts about the money after you’re gone.

We are happy to provide a referral to an estate planning specialist, if needed.

8. Strategic & Tactical Plan for Every Goal:

We may establish a specific funding plan for each goal you set and contact you proactively, prior to every goal date, to discuss the “game plan” for the accomplishment of each of your goals.

9. Cash Reserves and Debt Management:

  • We can work with you to establish adequate cash reserves to handle financial issues that come up in life.
  • This involves establishing a debt elimination plan, if needed, as well as major item purchase review and assistance.
  • Buying or refinancing a house or any other major purchase could trigger additional help from us.

10. The Comprehensive Risk Management Review to Improve Your Financial Plan's Safety:

  • Review multiple kinds of insurance;
  • Recommend the appropriate kinds & amounts of insurance;
  • Review any “coverage gaps” which might endanger the financial blueprint; and
  • See what, if anything can be done to reduce premiums for you.