Overview
At Northern Light Financial Advisors, we are more than just your investment professionals. We want to be your Advisors for every financial situation you may encounter. Understanding that all our clients are unique and have differing needs, we implement what we refer to as “Our Standard of Care.” This helps ensure that whatever financial stage you may be in, we have all the necessary information to support you.
“Our Standard of Care” model aims to help our clients address all the necessary components for a complete financial plan. The components are divided into checklists by topics that most clients, clients’ children or clients’ parents will experience over their lifetimes.
Just Starting Out Checklist
This checklist is designed to simplify and organize the transition from financial dependency to financial independence. The list represents an initial examination of financial issues like maximizing your new employer’s benefits package, budgeting, debt, investing or purchasing your first home. Making sound financial decisions early in one’s career is important in laying the road map to a successful financial future.
Premarital Checklist
This checklist is designed for clients who are approaching their first marriage, clients preparing for their second marriage, or perhaps clients’ children planning their special day. These are exciting times, in addition to the work and planning surrounding the ceremony itself, there are many financial considerations that should be addressed.
New Parent Checklist
The birth of a first child is a time for celebration and planning. This checklist is designed to assist the new family with strategies for financial protection as well as help in securing the child’s future. This list becomes an integral part of the overall financial plan.
Midlife Checklist
This checklist is designed for clients who could be facing financial complexity as they approach or enter their 50s, a time frame which frequently represents a significant moment of self-awareness. Family life is being redefined with children possibly moving out and careers may be reaching their most productive years. Investments are growing, risk tolerance is changing, and preliminary thoughts of retirement may be on the horizon. It is a time when individuals become aware that their financial lives have become complicated enough that they deserve a closer look.
Pre-Retirement Checklist
This checklist is designed to address the wide variety of issues that clients who are within five to ten years of retirement need to understand. Children have grown, family life is being redefined, and careers have peaked. When to retire from full-time work and start receiving income from self-generated sources has been determined.
Retirement Checklist
This checklist is designed for clients entering their later years who may be well into their retirement. The list addresses important, yet commonly overlooked, strategies that clients should have in place as part of their financial plan. Planning for potential medical needs, housing transitions, and having an updated estate plan are some of the topics that should be discussed with your Financial Advisor.
Career Change or Job Loss Checklist
The change of a career can be an exciting time and, conversely, the unexpected loss of a job is one of the most impactful and emotionally stressful events one can experience. This check list is designed to be a simple, organizing resource to ensure that every area of a person’s financial life is addressed in a timely and systematic manner.
Loss of Spouse or Significant Other Checklist
The loss of a spouse, family member, or significant other is one is one of the most complex and emotionally stressful events a human being can experience. This checklist is designed to be a simple, organizing resource to ensure that every area of one’s personal finances is addressed in a timely and systematic matter.
Pre-Divorce Checklist
This checklist is designed to offer support and guidance during a confusing and emotionally stressful time. All documents, legal agreements, accounts, and beneficiary designations should be reviewed to reflect your new marital status.