Our Planning Process

Planning for the future you want should be an enjoyable process, and it all starts with a simple conversation about your goals and priorities.

We use a six-step planning process to put your financial priorities in focus and build a plan that accumulates, manages, preserves, and transitions your wealth accordingly using the four cornerstones of wealth management: Investments, Credit/Debt, Risk Management, and Trust. By implementing strategic investments and actively managing your portfolio with transparency, we continuously monitor your progress through personal touch and innovative technology, so you can stay on track and complete your goals.

Step 1: Getting to Know You

We begin by simply understanding who you are and what you are looking to gain by partnering with us. We discuss what you do for a living, what hobbies you enjoy, what organizations you are involved in, some of your financial goals and priorities, and ultimately what you would like your money to help you achieve. We utilize our Priority Cards to guide you toward identifying what is most important, both individually and jointly with your partner. The better we get to know you, the more personal we can tailor our service and the better able we are to achieve what is truly important to you.

Step 2: Gathering Detailed Information

Once we discover your priorities, we can begin building your financial plan by gathering information like bank statements, insurance policies, liabilities, trust documents, any partnership agreements, or corporate charters, along with gaining an understanding of your investment objectives and risk tolerance. We will then discuss your goals with you in more detail and, using your Priority Card results, we help to channel them into Needs, Wants, and Wishes to show you how and when each can be achieved.

Step 3: Creating You Custom Financial Plan

Using the multi-faceted programmatic approach in Money Guide Pro, we bring your financial information and priorities together, and then interact with the different variables in your control like investment objectives, retirement age, ideal retirement income, and spending & savings goals, to create your customized financial solution and allow you to see the immediate impact it has on your plan.

Step 4: Reviewing Your Plan

Once we have your plan structured, Money Guide Pro will aggregate historical trends and real-time market data to holistically “stress test” your plan by subjecting each investment scenario to a thousand of different market simulations and random returns in what is called a Monte Carlo simulation. This shows you the probability of success for the plan as a whole and offers an effective range of confidence in how likely you are to achieve each goal, thereby allowing us to precisely tailor recommended investments to realize them

Step 5: Putting the Plan into Practice

At this point, we have reviewed and agreed on the recommended investment strategy of your plan. We now work to implement your plan by aligning your investments and savings strategies to match. We recommend an appropriate investment mix, and partner with your CPA, Estate Attorney, and any other necessary professionals to bring your plan to life and ensure its outcome.

Step 6: Monitoring and Reviewing your Plan

As your financial partner, we continuously track your progress along the way, allowing you to focus more of your time on the other important facets of life. However, should you need to rethink your approach due to changing life circumstances, it’s easy to update the plan at any time to adjust goals and model for different variables outside of anyone’s control like rising inflation, market risk, job loss, long-term care costs, and social security/pension off-sets. We can therefore effectively capture life’s changes, measure the impact it has on your confidence range, and pivot in a new direction, together.

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Stay Within Your Confidence Zone

We make the complex understandable, giving you confidence by making your progress measurable. The Monte Carlo Probability of Success Meter displays the statistical results from testing your plan across a thousand different market simulations and returns, indicating the likelihood or probability that the plan will be successful based on your age, spending & saving goals, and underlying asset classes.

This “big picture” illustration is broken down into three segments: Below Confidence Zone, In Confidence Zone, and Above Confidence Zone, which are described below.

* The Confidence Zone is age-based, meaning it will narrow as you grow closer to retirement.

Baird does not provide tax or legal services. Projections or other information generated by the use of tools designed to test various investment outcomes are hypothetical in nature, can vary with each use and over time, and do not reflect actual investment results and are not guarantees of future results.

When you are younger, your “In the Confidence Zone” will be a larger range and your results will demonstrate how variations in returns over a longer time horizon can dramatically affect your plan. This illustrates how changing goal expenses or savings amounts can impact the probability of success. Ultimately, for younger investors or those with longer time horizons, this analysis is useful to see if you are “in the right ballpark”.

When you are more established in age and in or near retirement, the efficacy of the Monte Carlo simulation increases as your financial goals are entered in greater detail. By defining reoccurring living expenses and multiple spending goals, it can better illustrate what you can achieve during retirement by showing which goals are at risk, and more importantly, which goals are not at risk. Not being able to spend as much on travel, vehicles, or a boat, is very different than not having enough money for basic living expenses, so we use this tool to make sure you are covered in both areas, effectively increasing your options in life.

We Deliver Advice Beyond Investments…

It is time to take control of your future and achieve financial wellbeing. By working with the Doche Financial Consulting Group, you will be delivered a comprehensive financial plan that defines your financial position today, as well as how it may be adapted to achieve your goals, expectations, and obligations of tomorrow. We will develop detailed solutions to your complex problems, explain them with understanding and transparency, and then execute on them without delay. Beyond investing, we will protect your assets with appropriate insurance options, coordinate with your other professional advisors, and conduct ongoing reviews of your plan in conjunction with our in-house team of tax, business & estate specialists to ensure you have all the proper documentation in line to meet your goals. Our value is derived from connecting the dots across your financial picture and creating efficiencies of success, rather than investing in isolation and leaving everything to chance.

…With Unprecedented Flexibility

Unexpected challenges, new opportunities, and market fluctuations are always lurking behind the corner, all of which are likely to affect your financial outcomes for the better or worse. Over the past 40 years in financial service, we have found our clients appreciate having a plan that grows along with them. This is why we consider your plan to be a “living” document, that we continuously adapt for changing market conditions and can modify goals at any time to meet your changing life circumstances. Whether that is getting married, having children, starting, or ending a career, selling a business, inheriting money, or losing a loved one, we are with you every step of the way to ensure that your assets are protected, and you are on track for a smooth accumulation, protection, and transfer of wealth.

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Our Value: We have worked with many successful households and businesses throughout the years and bring the benefits of that experience forward. We see their successes and failures and draw upon that professional perspective while working for you and your generations.
Our Process: When engaged, it is a proven strategy. We stress test every plan to assure your probability of achievement, often bringing to light intent missed.
Our Philosophy: We are continual learners with a responsibility to be creative and responsive to your needs. The only thing certain is change.
Our Definition of Success: Having options in life!

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