SMARTER Planning Blueprint

SMARTER Planning by BayRock

SMARTER Planning Blueprint by BayRock Financial

At BayRock, we believe in providing a comprehensive and personalized approach to financial planning. Our SMARTER Planning Blueprint™ is designed to guide you through a structured process that ensures your goals are met and your financial future is secure.

Are you familiar with the acronym for setting “SMART” goals? We took SMART Goal Setting to the next level with our SMARTER Planning Blueprint:

S – Schedule a Call

To begin your financial journey with us, we invite you to schedule a 15-minute phone call. Click here to #AskMeAnything. During this call, we will listen attentively to your needs and determine if our expertise aligns with your financial goals. If it’s a good fit, we will proceed with the following steps:

• Schedule Discovery Meeting: We will schedule a 60 to 90-minute Discovery Meeting where our Certified Financial Planner™ professional will gain a deep understanding of your financial goals, needs, and concerns.

• Email our Client Intake Form: Prior to the Discovery Meeting, we will provide you with our Client Intake Form to gather essential information about your financial situation. This will allow us to tailor our services to your specific needs.

• Set up your Client Document Vault: We value the security and confidentiality of your financial documents. As part of our service, we will establish a secure document vault where you can safely upload and store your important financial records.

• Provide Legal Documents: We will provide you with our BayRock Privacy Policy and other necessary legal documents for your review.

M – Meeting

During the Discovery Meeting, our Certified Financial Planner™ professional will work closely with you to gain crystal-clear insights into your financial goals, needs, and concerns. To facilitate this process, we encourage you to upload any relevant financial documents, such as:

• Tax Returns

• Investment Statements

• Estate Planning Documents

• Insurance Policies

Your provided information will enable our team to conduct a thorough Gap Analysis, focusing on seven essential elements of your Personal Financial Life:

1. Retirement Income and Expenses

2. Risk Management and Insurance Review

3. Estate Planning

4. Education Funding for Children and Grandchildren

5. Tax Planning Strategies

6. Investment Strategies

7. Cash Flow Before, During, and After Retirement

If, during this process, we determine that BayRock Financial may not be the best fit for your specific needs, we will gladly provide recommendations to connect you with another professional who can better serve you.

A – Analysis

Utilizing over 20 years of financial expertise, extensive research, and training, we will conduct a comprehensive Gap Analysis tailored to your unique financial situation. Our analysis focuses on identifying areas of improvement and opportunities within the seven essential elements mentioned earlier.

R – Recommendations

Once your Retirement Income Gap Analysis is complete, we will schedule a second meeting, either in person or virtually via Zoom, to review our findings and recommendations. In this meeting, we will provide clear and concise explanations of the actions you can take to enhance your retirement income plan. We will address any questions or concerns you may have regarding the identified gaps in your plan.

At the conclusion of this meeting, we will present you with a proposal that includes a menu of services, along with associated costs. This allows you to make an informed decision about partnering with BayRock Financial. If you require additional time to consider your options, we fully understand and will be ready to assist you whenever you are ready.

T – Teamwork

Similar to how a doctor collaborates with other healthcare professionals, our team at BayRock Financial values teamwork. After the Discovery Meeting, we will coordinate with your advisory team, which may include:

• Your CPA

• Your Family or Business Attorney

• Your Insurance Agent(s)

• Your Stock Broker (if applicable)

By working together with your trusted advisors, we can ensure a holistic and integrated approach to your financial planning.

E – Evaluation

Evaluation is a critical component of any successful financial plan. We understand that there may be multiple viable courses of action, taking into account your life situation, personal values, and current economic conditions. Our evaluation process thoroughly assesses all major strategies implemented to achieve your goals.

R – Reevaluate and Revise

Financial planning is a dynamic process that extends beyond the completion of each step. To adapt to changing circumstances, we offer an annual review, reevaluation, and revision of your plan. Regularly assessing your financial decisions allows us to make any necessary adjustments to align your activities with your vision, values, and purpose. Life events and evolving financial needs can be accommodated through our adaptable financial planning process.

By following our SMARTER Planning Blueprint™, you will be empowered to make informed decisions, achieve your financial goals, and secure a prosperous future. At BayRock Financial, we are committed to providing comprehensive, personalized, and results-driven financial planning services.

Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial advice. It’s always recommended to consult with a CFP® Professional before making any financial decisions.