Broker Check

Financial Planning / PFV

At our firm, we insist on developing a personally crafted customized financial plan for you before any implementation recommendations are offered. While Wealth Management is a very important part of the relationship our clients have with us, we believe first and foremost we must know and understand what your specific goals and objectives are and then build an investment strategy around those goals and objectives.

Step 1: Discovery Meeting

Through an initial complimentary consultation, we work together to determine if we might be a good fit for a financial planning relationship. We give you an overview of our process and capabilities, answering any questions you may have. We spend most of our time seeking to understand your general financial goals, needs and questions. In a nutshell, we want to know where you're at, how you got there, and where you'd like to go. The scope of our collaborative work may be a comprehensive or focused financial plan, or we may work specifically in the area of investment or risk management strategies; it may involve individual, a couple, family, multi-generational or business planning. If we mutually agree on the scope of a financial planning relationship, we move to the next step in the process.

Step 2:  Collection of Financial Data

At this point, we'll seek to obtain as much quantitative and qualitative information as necessary. We'll need to gather various statements and documents. More importantly, we'll specifically identify your financial goals in the areas of education planning, retirement planning, estate planning or other requested areas. Understanding your time frame for various goals and your attitudes toward risk are crucial to developing strategies tailored to your needs, priorities and preferences.

Step 3:  Website Introduction

We use state-of-the-art technology and a variety of analytical tools to evaluate your financial picture. We perform an asset allocation analysis of your investment portfolios with a review of the various holdings and full review of your various policies. We identify the strengths and weaknesses of your financial situation, and where you stand with respect to your financial goals given your current course of action.

Step 4:  Establish Goals & Financial Vision

Based on our analysis, we develop recommendations in the context of the proposed strategy. In addition, we provide alternative scenarios along with solutions to assist you in reaching your financial goals. We will collaborate with you to confirm planning assumptions and get a sense of your thoughts about various strategies along the way.

Step 5:  Analysis & Recommendations

We work with you to determine how to best implement each aspect of your financial plan. This may involve collaboration with other financial professionals you currently engage (i.e. CPA, attorney etc.) or recommending appropriate financial professionals to assist you if needed. As a comprehensive financial services firm, we have the ability to use a wide array of providers and solutions to implement your investment, risk management as well as estate and business planning strategies.

Step 6:  Implement Plan*

We will continue to monitor the appropriateness of your financial plan and your progress over time, in accordance with the scope of our relationship. We will make appropriate modifications as changes occur in your personal and/or business life or in the market overall. We will always continue to educate you as new strategies and solutions may become available over time.

Step 7: Monitor & Review Plan

Financial planning is an ongoing process and not a one-time event. For this reason, we recommend an annual review of your plan. However, should your life circumstances change prior to your annual meeting, we recommend you reach out to us, so that we can reevaluate and make appropriate changes to your plan.

PERSONAL FINANCIAL VIEW

There may come a time in your life when your finances aren't so simple anymore and they may be too much to juggle on your own.

When that time comes, ask us about our team-based planning approach and our secure aggregation website, Personal Financial View, powered by eMoney.

Through a holistic planning approach we can help you coordinate a strategy to accomplish your financial objectives. Integral to this wealth management solution is the personalized web site and custom account services that Baystate provides.

This technology platform, which we call Personal Financial View, puts all of your key financial data and critical documents at your fingertips. We will work with you on strategy, implementation and ongoing monitoring and updates.

  • Personal Account Aggregation
  • Up-to-date monitoring of your financial picture
  • Investment allocation across all money-types
  • Details by holding for asset class and sector analysis
  • Secure online “Vault” for documents

Take advantage of our easy-to-use, web-based system designed to give you a single access point to securely view all of your financial accounts, tax and legal documents, and insurance coverages.


All of your information is password protected in a secure, encrypted personal web address, accessible only to you and your financial advising team.

*Implementation of financial planning recommendations can be done with the advisor of the client's choosing. Implementation of plan recommendations may result in fees and/or commissions separate from financial planning fees.