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Richard Taborda, CFP®, CIMA®, RICP®

Our Process
The Financial Planning Process


This is the initial data gathering stage. In this stage, the main objective is to gather enough qualitative and quantitative information to 1) understand your main issues and concerns, 2) estimate the scope of the engagement, and 3) verify that the client/advisor relationship will be a good fit for both parties.


The second stage begins when a commitment has been made—by both us and you—to move forward with a working relationship. The main purpose of this stage is to identify and clarify your true values and priorities. It involves an in-depth data gathering process of both qualitative and quantitative information. One of the goals in this stage is to understand where you are now in several areas of your life as well as the journey that brought you to this point in time. This insight will help us to understand your unique perspective on many issues.


The objective of this stage is to assist you in creating a vision for the future that is compelling, fulfilling, and inspiring. This mental picture will include everything that is important to you and contributes to your happiness and life satisfaction. The next step is to mutually define personal and financial goals that align with and support that image. The visualization and goal setting process will establish clear guidelines for creating a financial plan that is aligned with your values and priorities.


In this stage, we will summarize and clarify your values, priorities, concerns, transitions, goals and objectives. The purpose of this stage is to verify understanding of what you have communicated and to demonstrate a commitment to putting your interests first. When presenting the financial plan, we can then explain how the financial solutions we propose supports the life vision and goals you have created.


Armed with new insight and knowledge, you are now “empowered” to make good decisions for yourself and your loved ones. During this stage we will continue to act as a guide, monitoring your progress and helping to maintain focus on your personal and financial goals. Because unanticipated events occur and priorities shift over time, it is important to regularly review your Financial Life Plan to make sure it remains relevant to your life journey.

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Copyright © 2018 LBT Wealth Management, LLC.

The information presented here is not specific to any individual's personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

This communication is strictly intended for individuals residing in the state(s) of NJ and TX. No offers may be made or accepted from any resident outside the specific states referenced.

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