Financial planning is no doubt a serious topic, especially in the current economic situation. People are looking towards financial advisors to help guide them. But do you even know about your own situation? People today do not necessarily have an idea or goals for their finances.
The process of meeting with an advisor, discussing your financial situation, and coming up with a plan will no doubt take a while. Even then, the client still has little to no idea of what all of the discussed information and plans mean.
“The goal for our 4 Box process is to essentially make it easier to see what is going on in terms of one’s financial situation. It is quick and easy for the client to fill out, and then we can come up with a plan that meets the client’s needs. The 4 Box just makes our work and our clients’ work a little bit easier and more effective,” says Leo Rosner, owner and financial advisor at Wealth Strategy Advisors, LLC.
The 4 Box process uses four categories to help summarize one’s financial position regarding wealth diversification. The boxes include taxable income, non-taxable income, dividends/long term capital gains, and an IRS approved box. The user simply inputs their value data into the corresponding boxes under sub-categories such as real estate investments, stocks, and IRA account values. The 4 Box process does the rest.
Once the data has been inputted into The 4 Box process, it calculates the total value of all your accounts, the tax rate, and the percentages of your net worth that each box is. Now the user has a report which can be changed at any time. The report is also easy to read and understand. The user then simply saves the file, sends it via email to Wealth Strategy Advisors, LLC., and they analyze the results and come up with a plan.
“It gives the client an idea of their situation, and it gives us a quick and easy resource so we can create a plan customized to the client’s individual needs. It is a huge asset for us and now we want everyone to have access to it,” says Rosner.
In order to use the 4 Box process, please contact Wealth Strategy Advisors, LLC. by emailing us at firstname.lastname@example.org, or by calling (216)-245-1454. Visit their website at http://www.wealthstrategyadvisorsllc.com. Call Wealth Strategy Advisors, LLC. at (216)-245-1454 to
schedule a FREE 15 minute consultation.
This is for informational purposes only. Cambridge does not provide legal or tax advice. Consult with your tax and/or legal advisor before implementing any tax or legal strategies. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Wealth Strategy Advisors, LLC and Cambridge are not affiliated. We cannot accept trade orders through e-mail. Important letters, email, or fax messages should be confirmed by calling 216-245-1454.
29125 Chagrin Boulevard, Suite 112, Cleveland, OH 44122