Our Planning Process
Executive Summary:
Your goals are paramount in our planning process. Our goal is to structure your personal resources to provide the cash at the right time and in the right amounts to meet your needs. Many people think of their financial planning goals as, "We need "x" number of dollars a month or a year for living expenses." Reality is a little more complicated than that. Most people need lump sum cash payments periodically to buy a new car, for home maintenance or improvements, take a special trip, pay for a family wedding, etc. Reality is that your expenses may be higher in the early years of retirement (the “go-go” years), lower in the intermediate years (the "go-slow" years), and higher in the later years (the “no-go” years), especially if long-term care such as assisted living center or nursing home care is required.
Process Actions To Achieve Process How Berno Financial Implements This Process
 Knowing Your Client
  • Client Data Gathering
  • Identifying the client's needs and priorities
  • Explore clients values, attitudes, expectations and time horizons
  • Let's Get Started I, II, III
  • Personal Financial Risk Profile
 Educating Client &
 Managing Expectations
  • Developing a frame of reference regarding investment performance
  • Communicating the investment philosophy
  • Developing investment objectives and policies
  • Investments 101
  • Client Education Book
 Investment Management
  • Strategic Asset Allocation and portfolio design
  • Strategy Implementation
  • Asset Location - Total Portfolio Approach
  • Portfolio revision and rebalancing performance reporting
  • Investment Portfolio Proposal
  • Custom Portfolio Report - Quarterly
  • Annual Investment Review