How We Work
Our firm specializes in helping individuals develop sound retirement strategies. If you are retired – or approaching retirement – please take the time to explore our website and the wealth of information we offer. We offer personalized, hands-on service. We educate our clients about financial concepts and products and take the mystery out of investing, insurance, estate conservation, and preserving wealth.
We understand the many challenges of retirement today and know the biggest concern for many is outliving their money. We focus on money management, as well as other issues that are critical to your financial well-being.
Leon Financial Services will work with you to explore your options and determine which ones fit your strategy. Our entire team works hand-in-hand with you and always acts in your best interest, keeping all your goals and dreams firmly in mind.
- Common Stock
- Educational IRA
- Traditional IRA
- Roth IRA
- SEP IRA
- Simple IRA
- Brokerage Accounts
- Treasury Bills
- Government Securities
- Treasury Notes
- Variable Annuities
- Retirement Plans
- Tax Plans
- 401(k) Planning
- 403(b) Planning
- College Plans
- Estate Plans
- Money Purchasing Plans
- Profit Sharing Plans
- Disability Income Insurance
- Life Insurance
- Long-Term-Care Insurance
The Process of Working with a Leon Financial Professional
YOUR FIRST MEETING
At your first meeting, a very casual non-pressure, and relaxed visit, you’ll usually discuss the financial planning process, what you would like to accomplish, and how your Leon Financial professional can help you. Your financial planner knows that the first step is to discuss the services that he or she will provide you, give you information on his or her background, detail how you will pay for products and services, detail how they will be compensated, and disclose any conflicts of interest.
FINANCIAL PLANNING BEGINS: UNDERSTANDING YOUR SITUATION
Once you agree to the scope of the financial planning engagement, including any conflicts of interest, the next step is for your Leon Financial professional to begin providing financial planning. Their first job is to gather information about your current finances and overall personal circumstances. You might discuss issues such as your risk tolerance and your exposure to longevity, economic, liability, and healthcare risks. This is the time for your financial planner to get to know all about you.
SETTING YOUR GOALS
Now that your financial planner knows your situation, it’s time to set your goals. Your Leon Financial professional knows that it’s important for you both to be on the same page and to talk through any assumptions or estimates. You’ll be able to share what’s most important to you.
ANALYZING YOUR FINANCIAL STRENGTHS AND VULNERABILITIES
Your Leon Financial Services professional will want to analyze the strengths and vulnerabilities of your current financial situation and course of action and potential alternative courses of action. Depending upon your circumstances, this includes your cash flow, asset protection, retirement planning, emergency fund, and other financial data. You want to know if you are on track or if you need to make some adjustments.
DEVELOPING FINANCIAL PLANNING RECOMMENDATIONS
The next step is for your Leon Financial Services professional to develop recommendations to help you meet your goals. We can help you consider the available options to determine what is right for you. This usually involves financial modeling with reasonable assumptions for life expectancy, tax rates, and investment returns. A Leon Financial Services professional’s responsibility is to develop recommendations that are designed to maximize the potential for you to reach your goals. This isn’t just finances: it’s your life, your health, and even planning for future generations.
PLANNER PRESENTS RECOMMENDATIONS
When your Leon Financial Services professional presents the financial planning recommendations to you, you will have the opportunity to provide feedback, ask questions, and discuss adjustments to the plan, as you and your Leon Financial professional work together to finalize the steps you will take toward reaching your goals. It’s important for you to know the reasons for the recommendations, what assumptions and estimates your financial planner made, and when you will need to take action to implement your plan.
PUTTING YOUR FINANCIAL PLAN INTO ACTION
Now it is time to put the plan into action. If your planning agreement includes implementation, then you will need to know what your financial planner will be doing and what you will be doing. For the areas that your financial planner is handling, your financial planner needs to identify potential actions, products, and services, and then make recommendations. You’ll have the opportunity to talk to your Leon Financial professional about the recommendations before you make your selections.
MONITOR PERFORMANCE: EXPECT A COLLABORATIVE PARTNERSHIP
Financial planning is a collaborative process. If your planning agreement includes monitoring, then you will need to work with your Leon Financial Services professional to review the performance and progress of the plan over time. Part of this is knowing what your financial planner is responsible for doing and what you need to do. It’s your job to let your financial planner know about changes in your circumstances (such as a change in employment or family status) that may call for adjustments to your plan. Your planner’s job is to keep track of the progress you are making to achieve your goals and determine whether any changes or updates are needed. Throughout the process, your Leon Financial Services professional can help provide ongoing support, guidance, and education.