Our Process

Our Process

We look at your entire financial picture, not just your investable assets.  Understanding your investments is part of the planning process, but investments are only one of many tools to help you accomplish your goals. 


We follow a 6-step process.  The process is iterative and ongoing as your circumstances evolve over time. 

  1. Establish goals and objectives. 

    • I believe this step is often neglected, even though it is the most important step in the process.

    • Establishing your goals sets the foundation for all future decision making. 

    • It requires deep reflection.  What is most important to you?  What do you want your impact and legacy to be?

    • Make the goals “SMART” goals:  Specific, Measurable, Attainable, Realistic and Timely.

    • Every other step in the financial planning process will refer back to these goals.  They provide the direction you need in order to determine if a specific decision is moving you towards (or away from) your goal.

  2. Gather your financial data.  This includes creating personal financial statements, including a balance sheet and summary of your income and expenses.  You will also need your recent tax returns, legal documents, account statements, insurance policies, company benefits summary, etc. The more data you provide, the more comprehensive the plan will be.  And yes, we actually read everything! 

  3. Analyze the data.  This step establishes a baseline for where you are and begins to look at long-term projections to determine if you are on track to meet your goals and objectives.

  4. Develop a plan.  Based on your goals and objectives, we can develop a plan to potentially alter your current path to move you towards your ultimate goal.  The plan can be comprised of several components:  Short-term plans, intermediate plans, and long-term plans. Developing a plan will most likely require the involvement of your entire advisor team (attorney, accountant, insurance agent, financial advisor, investment advisor, etc.). As we develop your plan, we will create a timetable and prioritize the next steps.

  5. Implement the plan.  Once you have the plan, implementation is key. A plan is no good if there is no follow-through.  This will undoubtedly involve your advisors mentioned above.  The follow-through items will need to be prioritized, with the most pressing items at the top of the list.  We will work with you to ensure that all the 't's are crossed and the 'i's are dotted.

  6. Monitor the plan.  This is an ongoing process.  Life happens.  Circumstances change.  Tax laws change.  It is important that your financial plan is not put on a shelf and ignored.  As time goes on, you always want to revisit your goals and continually assess whether or not you are on track.  As part of our process, we regularly review the various components of your plan to ensure that you are always moving towards your goals.

Major Components of Comprehensive Wealth Management

Comprehensive wealth management is just that - comprehensive.  There are many facets of your financial world that need to be discussed to make sure you achieve your vision.  Below are some of the items that we will review with you.

  • Identification of Goals and Objectives

  • Risk Management

    • Personal Insurance Needs Analysis – Life, Disability, Long-Term Care, etc.

    • Property and Casualty Insurance Review – Home, Auto, Liability, etc.

    • Other Insurance Needs Analysis – Commercial, Professional, etc.

  • Cash Flow and Retirement Planning

    • Budget and Short Term Planning

    • Retirement and Long Term Planning

  • Estate Planning

    • Coordinate with Attorney

    • Will Diagram and Summary

    • Review and Summary of Powers of Attorney, Healthcare Directive, Living Will, etc.

    • Coordinate Beneficiary Designations for Retirement Accounts, Life Insurance, Annuities, etc.

  • Tax Planning

    • Coordinate with CPA

    • Income Tax Planning

    • Estate and Gift Tax Planning

  • Investment Management

    • Overall Portfolio Allocation

    • Asset Location (Tax Deferred vs. Taxable Accounts)

    • Tax Loss Harvesting

  • Miscellaneous

    • Education Funding

    • Employee Benefits

    • Philanthropic and Charitable Planning

    • Family Education / Family Meetings


© 2019 by Avera Wealth Advisors, LLC

Avera Wealth Advisors, LLC (“AWA”) is a registered investment advisor offering advisory services in the State(s) of GA, TN, LA and in other jurisdictions where exempted.  Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by AWA in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant to an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of AWA, unless otherwise specifically cited.  Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness.  All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

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