Financial planning at HoyleCohen is a core capability. No commercial pilot in the United States is allowed to put a plane with even one passenger in the air without a clearly defined destination and route plan. Similarly, we will not embark on a new client relationship without a clear understanding of each client’s goals and a plan for achieving them.
One Size Doesn't Fit All
We find traditional approaches to financial planning sub-optimal at best and life-changing at worst. These approaches typically rely on historical norms, yet the future often plays out differently than the past with many unexpected twists and turns. As a result, conventional wisdom often sends investors, even the conservative ones, straight into the storm, telling them they will be okay if they simply ‘ride it out’ and hope for the best. This is not good enough for us or our clients.
At HoyleCohen, we have developed a dynamic, intelligent planning process. In fact, most of the value in our process starts after the point where typical planning ends. For us, a static plan based on historical assumptions is simply the starting point for a host of scenarios and analyses specific to each client. In addition, our process incorporates key areas of planning, such as: retirement planning, tax planning, estate planning, education planning, transition planning, risk management, cash management and investment portfolio design.
Our planning personnel are trained Certified Financial PlannersTM (CFP®). Many have advanced degrees or certifications in specialized areas like tax and estate planning, divorce planning, and insurance planning. Our team also has the expertise needed to address issues like philanthropic planning, concentrated wealth planning, family legacy planning, business succession planning, or difficult transitions like a divorce or unexpected loss.
Wealth by DesignSM
Our planning approach is called Wealth by DesignSM. This well-defined, four-phase methodology encompasses the services and deliverables that form the basis for each client’s plan. This plan and its supporting detail serve as a perpetual record of each client’s goals, allowing each client to see how the various aspects of the plan interplay to achieve progress toward their goals over time.