The 6 Circles
Some clients have specialized needs, but all clients need to establish the same foundational principles to establish, track, and improve their financial portfolio whether they are planning for retirement, seeking financial independence, or preserving their wealth.
Our job is to give you information so you can make smart decisions about your finances. We use the ‘6 Circles’ to educate and help our clients understand their financial life. We help you understand how much you earn and how you spend through a personal income statement. We also help you understand your investments and debts through a personal net worth statement. We use these tools to help you analyze your financial life. The ‘6 Circles’ serves as the foundation for clients whether their goal is to save for college, a child’s wedding, a home, a car, a business, retirement, or to achieve financial independence.
Every client is different, and we embrace the uniqueness of our clients. We know that internal issues such as family composition, health, career, as well as external issues such as financial markets, tax laws and business dynamics are constantly changing. That is why it is important to have a financial plan specifically designed to reflect your life, your goals and your personal legacy. We will help you develop solutions to reach your goals.
We work with you, your banker, accountant, and/or attorney, as needed, to gather and organize information required to assess your entire portfolio of financial activities. These include income, expenses, investments, insurance, and estate planning documents.
We take the information you provide and analyze it in accordance with your stated goals for early, mid, and late career as well as for retirement. We can evaluate your portfolio for one or more facets of planning including education planning, investing, retirement, estate planning, insurance, asset protection and budgeting.
This is where our work really begins. The advisors at Murphy & Sylvest make recommendations, provide education, and stay with you through periodic updates and evaluations on your progress toward your financial goals.