Financial Planning Cheyenne
Financial planning is the comprehensive process of creating a strategic roadmap for your entire financial life. At Asset Financial Planners, we define planning as an ongoing partnership that aligns your daily decisions with your long-term vision. Managing $100 million in assets, our focus is on turning complex variables into a clear, actionable strategy.
We provide financial consulting that covers everything from retirement planning and investment management to risk mitigation and estate planning. By evaluating your cash flow and net worth, we develop a personalized plan that is designed to ensure your money is structured for growth and protection. Whether you are building toward financial independence or preserving a multi-generational legacy, professional planning provides the clarity and discipline needed to reach your milestones with confidence. Schedule your discovery call today.
The Freedom 360 Financial Planning Process
Step 1: Asset Mapping (The Discovery Phase) Effective financial planning begins with a clear picture of your current landscape. In this phase, we utilize advanced asset mapping to organize your accounts and conduct a comprehensive tax review to identify income sources. Our goal is to align your wealth management strategy with your personal "wants and wishes," helping ensure your long-term investment goals are the foundation of everything we build.
Step 2: Advisor Target Mapping (The 360-Degree Review) We perform an exhaustive analysis of your financial life, including portfolio management, risk management (insurance), and estate planning. This "behind-the-scenes" audit allows our team to identify gaps in your current strategy. By analyzing your asset allocation through a tax-centric lens, we aim to ensure every part of your plan is optimized for capital preservation and long-term growth.
Step 3: Present and Collaborate During this collaborative financial consulting session, we present a personalized roadmap. We answer high-intent questions like, "When can I retire?" and "How can I reduce my tax liability?" As your fiduciary advisor, we disclose all proposed changes and investment strategies in a pressure-free environment, focusing on tax-efficient investing and retirement readiness.
Step 4: The Weekender (The Reflection Period) Selecting a financial advisor is a major life decision. We provide a 24–48 hour "Weekender" period, encouraging you to review our retirement planning recommendations with your family. This transparency is a hallmark of our fiduciary duty, which we believe ensures you feel confident and empowered by your wealth strategy before any implementation begins.
Step 5: Elect and Implement Once we confirm a mutual fit, we move into the implementation phase. We begin the active management of your financial plan, coordinating asset transfers, tax-loss harvesting, and ongoing portfolio rebalancing. This final step transitions you from a static plan to a dynamic, long-term wealth management relationship designed for financial freedom.
FAQ's
What is meant by financial planning?
Financial planning is the comprehensive process of evaluating your current financial standing and creating a strategic roadmap to achieve your long-term life goals. It isn’t just about picking stocks or saving money; it is a holistic discipline that integrates investment management, tax strategy, risk mitigation, and estate planning.
At its core, financial planning transforms complex financial variables into a clear, actionable strategy. It provides the framework for making informed decisions today so that you can maintain your desired lifestyle tomorrow.
What are the 5 steps of financial planning?
While every firm has a unique process—like the Freedom 360 approach—the industry standard for a comprehensive financial plan follows these five essential phases:
- Discovery & Goal Setting: Identifying your current financial situation and defining specific objectives (e.g., retirement age, legacy goals, or business succession).
- Data Analysis & Asset Mapping: Gathering all financial data, including income, expenses, tax returns, and insurance policies, to identify gaps in your current strategy.
- Plan Development: Crafting a personalized roadmap that includes asset allocation, tax-efficient vehicles, and risk management strategies.
- Implementation: Putting the plan into motion by rebalancing portfolios, opening necessary accounts, and executing legal or tax strategies.
- Monitoring & Review: Financial planning is dynamic. This step involves regular reviews to adjust the plan based on market changes, tax law shifts, or major life events.
What is the 50/30/20 rule in your financial plan?
The 50/30/20 rule is a foundational budgeting framework used to manage cash flow and ensure consistent savings. It suggests dividing your after-tax income into three distinct categories:
- 50% for Needs: This covers your essential "must-pay" expenses, such as housing, utilities, groceries, and transportation.
- 30% for Wants: This is discretionary spending—things like dining out, travel, hobbies, and entertainment.
- 20% for Savings & Debt Repayment: This critical portion is dedicated to building your wealth management foundation, including retirement contributions, emergency funds, and principal payments on high-interest debt.
For high-net-worth individuals, this ratio often shifts toward a higher savings percentage to accommodate more aggressive investment strategies and tax-advantaged growth.
Book an initial consultation with one of our financial professionals to create your personalized financial plan.
