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Our Process

What is the Holistic Plan?

The holistic financial plan is an integrated approach to coordinating all key areas of your financial life, including:

  • Insurance
  • Wealth Management
  • Retirement Planning
  • Tax Planning & Preparation
  • Financial Education

The holistic advisors at CLP Financial Group will regularly review each of these areas with the appropriately licensed team members to ensure everything is working together in synergy towards your specific goals.

Why Do I Need The Holistic Plan?

The ultra-high net worth investors have had the benefit of coordinated financial planning for years; however, the middle class and middle-class millionaires who need holistic planning the most, unfortunately, have not benefited from this same level of service. Being the most vulnerable to economic and legislative changes, the stakes are considerably higher with the risk of running out of money due to poor planning, particularly in retirement.

By creating the holistic plan, you will optimize all assets to work collectively towards your goals, while also reducing critical inefficiencies, including:

  • Gaps in coverage
  • Overlap or overexposure in investments
  • Tax inefficiencies and missed savings opportunities
  • Failure to identify and reach your goals to provide the income you need throughout your lifetime
  • Time and communication disconnect as you work to align various strategies between professionals
  • Improper or inconsistent investment strategies, or
  • Missing essential legal documents that can cost your loved ones significant time and money in the event of death or disability

What Process Should I Expect To Create the Holistic Plan? 

To cover the many areas and attributes of the holistic plan, we have developed a systematic four-step process to avoid critical oversights when working to create and maintain your financial plan: Clarity 2 Prosperity – the holistic planning process.

Step 1: UNDERSTANDING WHERE YOU ARE NOW

    Getting to know our firm
    Understanding your goals and objectives
    Understanding your current finances
    Services we offer to meet your needs
    Taking action on organizing your financial life and goals

Step 2: DETERMINING WHERE YOU WANT TO GO

    Organizing your financial life & estate
    Understanding your net worth
    Prioritizing your goals & objectives
    Developing a plan for implementation

Step 3: ACHIEVING THE HOLISTIC PLAN

    Recap progress we’ve made
    Designing your customized Bucket Plan
    Aligning your market volatility tolerance with your plan
    Recommendations provided
    Implementing your plan

Step 4: PROVIDING CONTINUAL SERVICES & SUPPORT

    Ongoing consultation
    Customized review process
    Annual plan update meeting
    Proactive communication & education
    Client appreciation events
    Limitless availability

The Bucket Plan® Philosophy? 

A strategic, structured approach to bucketing assets for today's financial dangers and challenges.

The old way of investing for retirement was to keep a little pile of money at the bank and the rest of your money in a bigger pile of money in investments and hope that it would last a lifetime.
 
However, today market risk, interest rate risk and sequence of returns risk are the three biggest dangers facing investors at or near retirement, and a more sophisticated planning philosophy is essential to stretch retirement dollars to cover their many needs throughout the duration of retirement. For this purpose, we have developed The Bucket Plan® philosophy to segment money into three different buckets based on your investment time horizon, volatility tolerance and income needs.

The Money Cycle

The Money Cycle is something that we all go through during our liftime, and there are three phases: accumulation, preservation, and distribution. Watch this video to learn more.

The Bucket Plan®

We have developed The Bucket Plan® philosophy to segment money based on your investment time horizon, volatility tolerance, and income needs. Watch this video to learn more.

Schedule a Free Consultation

Schedule a meeting with us! We will pair you with one of our financial advisors and assess your financial goals and needs. Just submit your information and our office will be in touch as soon as possible. 

Contact Us

Financial Planning and Advisory Services are offered through Prosperity Capital Advisors (“PCA”) an SEC registered investment adviser with its principal place of business in the State of Ohio. PCA and its representatives are in compliance with the current registration requirements imposed upon registered investment advisers by those states in which PCA maintains clients. PCA may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. This website is limited to the dissemination of general information pertaining to PCA’s investment advisory/management services. Kyleah Parson, Lisa Chenet, Joshua Anderson, and James Young are investment advisor representatives of PCA. For information pertaining to the registration status of PCA, please contact the firm or refer to the Investment Adviser Public Disclosure web site (www.adviserinfo.sec.gov). For additional information about PCA, including fees and services, send for our disclosure statement as set forth on Form ADV from PCA using the contact information herein. Please read the disclosure statement carefully before you invest or send money.

CLP Financial Group, Inc., Retirement Planning Services, Chesapeake, VA