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Our Process

The L7 Financial Planning Process.

Multi-Faceted Approach

At L7, we take strategic steps toward lasting wealth and legacy.

At L7 Wealth, we take a multi-faceted approach to financial planning that goes well beyond basic budgeting or investment choices. Our clients typically possess substantial assets, including businesses, employer stock, and alternative investments, that require sophisticated, tailored strategies to facilitate continued growth, protection, and seamless transfer to future generations.

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1Establishing Our Relationship

The foundation of effective financial planning is a strong, transparent relationship with our clients and their other advisors, such as estate planning attorneys and accountants. During this period of our relationship, we will:

  • Clarify roles and responsibilities
  • Define the scope of engagement
  • Establish communication protocols

2Understanding The Big Picture

Taking a holistic view of your financial situation is critical. This step involves collecting information across asset classes, liabilities, income sources, and personal objectives.

  • Asset inventory
  • Liabilities and obligations
  • Income streams
  • Lifestyle requirements and family dynamics
  • Risk tolerance and investment experience

3Identifying and Prioritizing your Goals

Clear objectives drive the entire planning process. Our clients often have overlapping and sometimes competing goals, which may include:

  • Maintaining or enhancing lifestyle without jeopardizing capital
  • Planning for multi-generational wealth transfer
  • Philanthropic initiatives and impact investing
  • Succession planning for family businesses
  • Tax optimization and liability minimization
  • Asset protection from legal or market risks

4Analyzing and Evaluating Your Financial Status

With the data gathered and goals defined, we conduct an in-depth analysis to assess your current position relative to objectives.

  • Cash flow analysis
  • Balance sheet review
  • Tax impact analysis
  • Estate and trust evaluation
  • Stress testing

5Developing and Presenting Recommendations

We distill our analyses into a coordinated set of recommendations and present them in a straightforward manner.

  • Asset allocation
  • Tax-efficient structures
  • Risk management
  • Philanthropic planning
  • Estate planning

6Implementing the Financial Plan

Execution is a critical phase that transforms strategy into tangible actions. This phase requires coordination among your other professional advisors.

  • Asset restructuring
  • Investment execution
  • Document management

7Ongoing Monitoring and Updates

A financial plan is never a one-time task. Your plan is a living document that must be maintained through regular updates to reflect changes in your life, dynamic financial market conditions and evolving tax laws. .

  • Investment rebalancing
  • Tax loss harvesting
  • Roth IRA conversions