If Your Financial Plan is Only on Paper, it’s Not Doing You Any Good
Your financial plan is the connective tissue that brings every part of your financial life together — your investments, savings, estate plan, tax strategy, insurance coverage, and more. But too often, financial planners and their clients think of a financial plan as a static document — a set of instructions that the client is expected to follow up on and keep track of.
At Mercer Advisors, “financial planning” is a verb, not a noun. We don’t just hand your plan off to you and move on. Rather, we put the plan into action so you experience the benefits.
While financial data is essential to build a financial plan, the motivation and discipline to accomplish your goals is where true value is derived. Our privilege is to work with you to make sure your plan propels you towards your ideal life.
A Process Built on Industry Best Practices
At Mercer Advisors, your wealth advisor is a member of a unified team that’s a part of your full financial life.
With this deep bench of in-house specialists behind him or her, your wealth advisor follows the CFP Board’s seven-step process, which sets best practices in financial planning.
What We’ll Cover Together
At Mercer Advisors, your wealth advisor, will develop a full perspective that takes into account where you are now and, most important, where you want to go. We gather the essential information through a comprehensive review of your existing financial documentation, and detailed follow-up conversations.
Your Personal Finances
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We’ll look at your sources of income, current cash flow, debt, savings trends, and future cash needs.
Your Investments
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We’ll ask about your risk tolerance and desired rate of return and delve into your current strategy and positions.
Your Tax Situation
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We’ll examine your recent returns and talk about your future expected tax brackets and filing status.
Your Retirement Plans
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We’ll detail your current tax-advantaged accounts and work to understand your desired retirement goals and lifestyle.
Your Estate Plan
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We’ll ask about your legacy goals for your assets and family, and discuss medical needs and life expectancy.
Your Children’s Education
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If you have education savings goals, we’ll go through the expected costs and related tax considerations.
Your Insurance Coverage
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In addition to vanilla options, we’ll also talk about future long-term care needs as well as liability coverage.
Other Important Dynamics
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We’ll discuss topics like business succession, divorce, children with special needs, stock options, and more.
* Mercer Global Advisors has a related insurance agency. Mercer Advisors Insurance Services, LLC (MAIS) is a wholly owned subsidiary of Mercer Advisors Inc. Employees of Mercer Global Advisors serve as officers of MAIS. MAIS provides individual life, disability, long term care coverage, and property and casualty coverage through various insurance companies. For Mercer Global Advisors clients who wish to purchase insurance products, MAIS has entered into a non-exclusive referral agreement with Strategic Partner(s), where the Strategic Partner will provide necessary services relative to the marketing, placement, and servicing of the insurance products, including without limitation preparing and presenting illustrations, supporting the underwriting process, assisting with the completion and execution of applications, delivering policies, and servicing in-force business. MAIS and the Strategic Partner will be listed as either “agents” or “co-agents” on the policies. While Mercer Global Advisors does not receive a referral fee, Strategic Partner receives a percentage of the commission revenue. MAIS and Strategic Partner do have a referral fee sharing agreement.
