Onboarding Steps for University Financial Strategies
Leveraging Technology to help you stay informed
Whether planning for College for your children, Planning your Retirement, or understanding what is needed for your taxes it is important for you to be informed. The below videos will help you during the initial Collaboration Phase of working with us so that we have the right and most complete information so we can guide and support you in your financial decisions.
The average investor tends to be twice as fearful about losing money than about gaining money, so we utlize a Riskalyze Score to help you understand how you should be invested. Watch video to learn how this works.
Part 1 of a 2 Step Investment Analysis Process
In this stage we evaluate how your wealth should be invested for how you feel. Instead of stereotyping how you should be invested based on your age we help you understand in Dollar terms what will happen to your portfolio based on your comfort level vs. how you are really invested. You may really be surprised by the outcome. This first step starts with your Risk Score:
Step 2 of 2 in Investment Analysis
We don’t want to guess how your portfolio is invested so we use Riskalyze Asset Sync! Asset Sync empowers us to analyze the risk in your investments and helps you make well-informed investing decisions.
We will initiate this process by sending you an unique link specific to you. When you receive it please click on “Get Started” and complete the steps on the link provided to you.
We will be able to view your account details, but they will not be able to transfer funds or execute trades.
Step 3 (a)- Learn how Righcaptial helps us collaborate with you.
Step 3(b)- Discovery and Planning Portal
Sign up for your RightCapital Portal. This is the Primary Portal which we will collaborate with you. When we have details filled in we are able to provide you powerful advise on Cash Flow, Taxes, Retirement, College or whatever goals you have. Based on the data entered we are able to do various “What If Scenarios” to help you understand what will help you not only grow your money, but save money as well. It starts with setting up your Personal Financial Portal using this link. Watch video to learn more about this
Step 3(c)-Get the App to stay informed
Download RightCapital from App Store from Apple or Google. We use the word intentional a lot, because we know if you don’t know where your money is going you can’t be purposeful in using it. With RightCapital you can automatically track your expenses and spend with intention.
Step 4- Statements and Documents
Using the power of technology we can securely upload documents such as Retirement Statements, Tax Returns, Estate Planning Documents , Insurance Documents, etc. When we can analyze things like your Tax Returns we may be able to help save you money and make sure youare taking all of the deductions you qualify for.
Step 5- For Parents with College Bound Children
Parents only want the best for their children and before they think about Retirement they are often challenged to figure out how to pay for college. The loans parents now take are robbing them of dollars needed for retirement while students are delaying life events due to their own debt. Student Loan debt recently exceeded $1.7 TRILLION which far exceeds even credit card debt. See preview of College Funding Portal we provide to clients and register to onboard using link below:
Benefits of Living Financial Plan
Areas of Review-Taxes
When we have a Financial Plan in place we will be able to create what if scenarios based on your current finances. The benefit of this is that as your income or wealth changes we can proactively plan for future tax impact. What we usually find is people react to taxes, but in order to manage the timing of income or changes to wealth you have to plan in advance. This is about Tax Planning vs. Tax Preparation.
Areas of Review – Cash Flow
Another benefit of having a living Financial Plan is we can see your cash flows and proactively plan for future events. This is a great way for you to visualize what is happening with your income and wealth.
Staying Organized through Online Vault
Keep important documents readily accessible in Secured Online Vault.
Areas of Review – Action Steps Task Dashboard
They often say if you write it down it will happen. We leverage a Task List for both the Advisor and Client to track actions steps to improve and maximize your Financial Plan.
Would You Like Help Creating A Plan For Your Child's College Fund Or Your Own Retirement Needs?
We Help Families & Individuals Create Financial Plans For Success.
Mark Kelly, Certified Fee-Only Raleigh Financial Planner™
At University Financial Strategies our mission is to help families think beyond just saving for college, but helping leverage strategies that leverage your unique situation to help you save on college costs. We take into consideration topics like specialized college-planning strategies for business owners, planning for financial aid, school-specific scholarships, coordinating college planning with grandparents, cash-flow strategies and options for covering shortfalls, to name just a few.
4801 Glenwood Avenue
Raleigh NC 27612
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