A strong support team is the best way to create a unique and flexible financial plan.
Our team works together to help you each step of the way. Before building a plan, we get to know you and what is important to you and your family. We gather information about you on a financial and personal level. This helps us to better understand where our services can most be of use. Working with other professionals outside of our firm who are part of your plan allows us to have full transparency, which is vital to a successful plan.
A transparent, effective planning process is based on two key aspects of financial planning: risk assessment and liquidity needs. A plan must ensure enough liquidity to allow its owner to access funds when needed. It must also take into account key stages of life. This can include preparing for events such as retirement, death, and in the event of disability and/or critical illness. This must all be done within a risk tolerance which allows the owner to not abandon the plan when markets become turbulent.
With these goals in mind, the first step in building a comprehensive plan is to assess total financial planning needs. This involves a consideration of important milestones such as retirement, insurance, major purchases and educational costs, as well as ongoing financial management strategies. Once these factors are identified, the client is prepared to choose the products and services that best address his or her needs.
This goal-based financial planning approach is designed to help:
Define customized short- and long-term goals that ensure only the right financial products and services are chosen
Identify roadblocks or gaps that might impact the financial planning strategy
Continually monitor the plan to ensure it meets changing needs and circumstances
One of the unique aspects of MidWestOne Investment Services is our team approach to client service. We hire and retain excellent employees, so that each member of our team is able to help every client we serve at any time. You can rest assured that someone from our team will always be available to answer any questions you may have, or provide the unparalleled customer service that you will come to expect from us.
Contact us today to find out more about our financial planning process and learn how a sound financial plan can help you achieve your goals.