Professionalism. Integrity. Dedication.

"My mission is to deliver a holistic plan that provides clarity and confidence in your financial well being, today and in the future." 

- Michael Mennella 

 

Our Team's Approach

Our Team passionately and collaboratively align values and goals with financial decisions. We are dedicated to helping our clients achieve distinctive, substantial and lasting improvements to their financial security and, as a result, to their lives. 

Our Comprehensive Financial Planning Process

The Team believes that the most important way to help you stay disciplined, focused and on track is through our comprehensive financial planning process. This process is designed to uncover your full range of financial needs, from wealth creation to wealth protection to preserving your legacy – and create a comprehensive five step plan to help get you there.

  1. Discovery: One of the most important components of any successful relationship is a true understanding of your goals and dreamsIn the Discovery Process, we focus on what is most important to you, both financially and personally, and address all major aspects of your financial life. What are your short term and long term objectives? How do you define success? What are your greatest concerns about achieving your goals? As part of this step, we will also make a “Mutual Commitment” to working together with you and put your plan in place.
     
  2. Analysis: In order to have a clear picture as to where you stand, we will take a comprehensive inventory of your current financial position and evaluate strengths as well as any gaps or weaknesses. We then will assess which plan options best align your goals with your financial situation.
     
  3. Development: Based on our analysis, the Team will build a customized comprehensive financial plan which will address your unique goals and needs. This will be done within the budget parameters that you've set, and will serve as the financial foundation from which to build upon. Together we will develop both short term and long term plans leveraging a variety of world class products and concierge style services. Our focus will be on getting you from where you are today to where you want to be in the future, with the understanding that life is never static.
     
  4. Implementation:  After approval, our Team will work with you to execute your plans.  You will receive a checklist that documents actions, assigned responsibilities and accountability, as well as critical dates.
     
  5. Monitoring: Life changes and your plan will need to evolve as things come along. That’s why it is important that we meet periodically to evaluate the plan itself, and confirm that the action items in motion are still in alignment with your current goals and objectives.

 

Building Your Financial Plan

I am a big believer that any good financial plan starts first with a foundation: Risk Management. Once your risks are addressed, you can confidently begin Wealth Accumulation to meet your goals. Retirees ascend to Wealth Preservation and Distribution, working to retain their desired lifestyle as well as assuring a meaningful legacy.

Pyramid of NeedsWealth Preservation & Distribution: evaluating your situation, the income you need for your retirement lifestyle, and the optimal way to pass along a legacy to your heirs.

Wealth Accumulation: planning to achieve your financial goals including education for your children, the lifestyle you choose and your retirement dreams.

Risk Management:  protecting the things you value and could least afford to lose;
It's your foundation for all planning.

 

Michael P Mennella, CFP®, CLU®, ChFC®, CLTC®

Wealth Management Advisor

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