Our Planning Process
Whether you’re just starting out, well on your way to living your dream or eagerly approaching retirement, make sure you’re financially prepared to achieve a lifetime of goals. We can help you reach them with a personalized financial plan.
We will apply time-tested strategies, providing education and expert advice to help you make decisions based on your priorities. And as your circumstances and priorities change over time, we’ll work with you to revise your plan so you can meet each of life’s challenges head on and celebrate your accomplishments along the way.
Our Northwestern Mutual financial planning process involves four steps:
- Identify your goals.
First, we’ll make sure we understand what’s important to you and your loved ones, where you are today and where you want to be in the future.
- Develop your personalized plan.
We’ll then analyze your financial situation and develop recommendations that can help you and your family achieve financial security.
- Implement your strategies.
Together, we’ll bring your financial plan to life with proven financial products and quality solutions.
- Review your plan.
Even small changes in your life can impact your financial plan. We’ll help you adjust your plan as needed to stay on track.
And although your financial strategy will be unique to you, we’ll ensure that it’s built on a solid foundation to help you protect against the unexpected, accumulate wealth and preserve what you’re working so hard to achieve.
If you’re a business owner, we recognize there’s no separating the goals you have for your family and the goals you have for your business. That’s why we offer a process that addresses both, allowing you to create a competitive business advantage and live the life you envision.
You’ll be supported by a team of experts who specialize in business planning – such as employee benefits, insurance and exit planning – alongside those who specialize in personal financial planning and estate planning.
Learn more about the business planning, products and solutions under the Services tab on this website.
Take the First Step
Regardless of whether or not you own a business, our personalized approach to financial planning is much like building a custom home – designed to your specifications, built to meet your goals. Learn more about how we help our clients live the life they envision in this two-minute video.
Then, take the first and most important step toward creating a lifetime of financial security. Contact me to set up a meeting.
Fee-Based Financial Planning
As a fee-based financial planner, Rob Kilroy is compensated for the time and expertise put into designing and creating your personal financial plan. Under this fee structure, he has a responsibility to ensure your interests and goals are always put first.
Of course, our role with clients goes beyond just providing expert guidance in the creation of your financial plan. When we work with you during a fee-based financial planning engagement, we follow the fiduciary standard which means that we act in your best interest and put your interests ahead of ours. We'll also help you implement your plan through a combination of innovative investment and insurance solutions.
In the end, we are paid to work with you to make sure your financial needs are met with care, with expertise and with an understanding of your unique circumstances and individual goals. Together, we can agree on the appropriate fee structure based upon those needs and the specific services required.
Making great decisions about your wealth, whether you are deciding to grow it or protect it or both, starts with sound thinking; thinking that makes sense. Here’s how our thinking starts when it comes to helping you make important financial decisions.
With financial independence, family legacy and social capital solutions in place, wealth optimization becomes the focus of the planning process. We use a unique and disciplined values-based approach to help you make wise choices and to help ensure that your plan is focusing on what you value.
We break the planning process into four quadrants or phases, each one representing one planning cycle: Discovery, Creative Solutions, Strategy Deployment, and Results Management.
- Discovery: Identify and think about the problem The first phase begins by thinking clearly about the problem. This is called the Discovery phase and this is where clarity is achieved around your goals and planning gaps are identified.
- Creative Solutions: Think about the solution The second phase is the Creative Solutions phase where you think clearly about the solutions and make decisions regarding closing the planning gaps.
- Strategy Deployment: Implement the solution The third phase is the Strategy Deployment phase where you implement the solution and help achieve your desired results.
- Results Management: Manage the results The final phase is the Results Management phase where we establish a plan to manage and implement the results. This assures you have confidence your plan will work over time.
Working with a knowledgeable and experienced planner who has access to current technologies and a thorough understanding of tax rules and financial planning techniques is important. Working with an advisor who takes the time to understand your unique desires and goals is critical.
We will take the time to help you make that assessment, develop a plan that works for you, and provide you with the tools and strategies necessary to successfully implement that plan.