Identify Financial Goals

• Purchases
• Debt reduction
• Special needs for family (e.g. education, health, support)
• Retirement
• Charitable giving
• Property transfer
• Tax reduction/avoidance

Identify Financial Resources

• Assets and liabilities
• Ownership of assets
• Tax return analysis
• Investment real estate rent roll
• Retirement plans, IRAs, marketable securities
• Life, disability, liability insurance
• Contingent liabilities

Determine Investment Objectives

• Liquidity
• Income
• Growth
• Safety
• Tax considerations
• Risk tolerance
• Time horizons
• Other considerations

Determine Asset Allocation

• % cash
• % fixed income
• % equities
• Retirement vs. non-retirement allocation

Select Investment Vehicles

• Short-term investments
• Bonds
• Stocks (domestic, international)
• Individual assets vs. funds
• Multi-style diversification
• Research/analysis

Continuous Monitoring & Review

• Performance benchmarks/measurement
• Changing needs
• Revise/reaffirm objectives
• Revise/reaffirm strategy