What We Do

Service Offerings

At Step By Step Financial, we believe the best way to help clients achieve their financial goals is through on-going, personalized, comprehensive financial guidance.

Read more about the Financial Review, Accumulation Path and Growth and Distribution Path by clicking on the tabs above.

Financial Review

This service level is designed to answer your most "burning" financial planning questions.

TYPICAL CLIENT PROFILE

The Financial Review is offered to most of our new clients. The purpose of the Financial Review is to provide answers to your most burning questions (up to three of them) and to give you the experience of working with a financial planner dedicated to serving your best interests. For some, the Financial Review may be all you need on your journey to financial security. For others, the Financial Review may be the beginning of working with us on an ongoing basis.

SERVICES

Our Financial Review consists of a one-time meeting that typically lasts between 2 and 2 1/2 hours, during which time we will provide advice and answer 2-3 questions about specific aspects of the client’s situation. We offer an initial consultation prior to the Financial Review to gather documents and to determine up to three of your most "burning" financial planning questions.  

COMMON "BURNING" QUESTIONS ASKED DURING THE FINANCIAL REVIEW

When can we retire?

How much do we have to live off of during retirement?

When should I begin taking Social Security benefits?

Should I concentrate on paying off debt or saving more?

How can I ensure my money does not run out during retirement?

Should I invest in my 401k plan at work or an outside IRA?

How much am I really paying for investment advice?

How much life insurance do I need?

What can I do to legally reduce my income tax liability?

What is a tax-efficient investment strategy and how do I create one?

Should I buy the annuity offered to me or are their better options for me to guarantee my retirement "nest egg?"

Download the Financial Review Agreement

Accumulation Path

Clients in this stage are beginning to focus on accumulating wealth. With an increase in financial assets, a more diversified investment strategy becomes necessary, along with a risk management program to address non-investment risks. Our role in this phase is to keep clients on the right track, brainstorm alternative choices, and provide a balanced understanding of opportunities and risks to help clients make well informed decisions.

TYPICAL CLIENT PROFILE

Our accumulation path is optimal for couples with a net worth between 1-3x their annual income who are looking for financial guidance and ongoing support. A couple with a net worth between $250,000-$500,000 is usually on the Accumulation Path.

SERVICES

This service begins with a Financial Review. We then incorporate various elements needed to develop a realistic plan to help clients meet their goals for the future. Finally, we execute that plan and provide support as needed. Clients on the Accumulation Path will typically meet with Step By Step Financial approximately 3-5 times per year-in-person or virtually.

Download the Annual Agreement

Growth and Distribution Path

Comprehensive financial guidance provides clients with holistic, financial and tax planning, retirement distribution strategies, and access to Dimensional Funds. Clients at this service level have higher net worths, and/or more complex financial situations and are looking for a trusted advisor who can oversee their “big picture.”

TYPICAL CLIENT PROFILE

The Growth and Distribution Path is optimal for couples with a net worth of 3-7x their annual income who are looking for both personalized comprehensive financial guidance and asset management, and who would benefit from on-going implementation and monitoring services. Usually, clients on the Growth and Distribution Path have a minimum net worth of $500,000.

SERVICES

Clients on the Growth and Distribution Path benefit from a systematic process that thoroughly evaluates key aspects of their financial life, including investments, insurance, tax planning, portfolio analysis, retirement and estate planning.

The result is personalized comprehensive financial guidance, utilizing tax efficient strategies for retirement, distribution, and legacy planning, as well as access to Dimensional Funds. Clients on the accumulation path will typically meet with Step By Step Financial 6-8 times during the first year and approximately 3-4 times in subsequent years. Meetings may take place in-person or virtually. Clients on the Growth and Distribution Path are usually identified during the Financial Review process. 

Download the Annual Agreement