In six steps, you and your Omnia Financial representative will:
1. Agree on how to work together
Your Omnia Financial representative will explain the services they provide and define each of your responsibilities. Along with compensation, you'll discuss how long the professional relationship will last and how you and he will make decisions.
2. Gather information about your finances and set goals
You and your Omnia Financial representative will talk about your current financial situation and gather any necessary documents. Together, you'll define your personal and financial goals, including timeframes. You may also want to discuss your comfort level when it comes to taking financial risks.
3. Analyze and strategize
Your Omnia Financial representative will take all your finances into account and determine how to meet your goals. Her analysis may cover your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.
4. Develop recommendations
Next, your Omnia Financial representative will go over their financial recommendations, explaining the rationale so you can make informed decisions. He or she will address your questions and concerns and revise his recommendations if necessary.
5. Put plan into motion
You and your Omnia Financial representative will need to agree on how the recommendations will be carried out. Your Omnia Financial representative may carry out the recommendations herself or serve as your coach, coordinating the process with you and other professionals, such as attorneys, insurance agents, and accountants.
6. Monitor progress and stay on track
As you work towards your goals, your Omnia Financial representative will monitor your progress to make sure you're staying on track. They will check in regularly, reviewing your situation and making any necessary adjustments to their recommendations.