Comprehensive Financial Planning

Financial planning is the long-term process of managing your finances so you can achieve your goals and dreams.  Part of this process involves negotiating the financial barriers that inevitably arise throughout different stages in life. Financial planning is a process, not a product.

 

Here at Chrome Asset Management, our financial planners work with individuals to understand their goals.  Next we begin the process of building a comprehensive financial plan.  The process can generally be organized in a 6 step financial planning process.

 

6 Step Financial Planning Process:

  1. Establish Goals
  2. Gather Data
  3. Analyze and Evaluate Financial Situation
  4. Develop a Plan
  5. Implement the Plan
  6. Monitor the Plan and Make Necessary Adjustments

 

 

From start to finish, a complete plan can take several days to several weeks to complete.  However, a financial plan is an ongoing process which requires regular updates and maintenance.  We develop ongoing relationships with our clients to make sure necessary changes are incorporated into financial plans.

 

Our planning method allows clients to view and adjust their plan via web-based online services.  Unlike many other firms, we allow clients access to their plan through a web portal so they can see how small changes in their spending and saving behavior would impact their overall progress.  This unique interactive model helps clients get more involved and enthusiastic about making progress towards their goals.

 

Areas of Financial Planning

Financial planners at Chrome Asset Management have experience and are qualified to give advice in the following areas of personal finance:

 

Investment Management

  • Develop and Implement Investment Strategies
  • Manage Investment Portfolios

Retirement Planning

  • IRA Setup and Management
  • 401(k) and 403b Rollovers
  • Retirement Needs Analysis and Planning

Education Planning

  • 529 College Savings Plan
  • UGMA/UTMA Accounts

Estate Planning

  • Wills, Trusts, Family Partnerships, Valuation Services
  • Minimize Transfer Costs

Budgeting

  • Debt Management
  • Prepare for Major Purchases and Retirement