Our Process
“The planning stage of a cruise is often just as enjoyable as the voyage itself, letting one’s imagination loose on all kinds of possibilities. Yet translating dreams into reality means a lot of practical questions have to be answered.”
– JIMMY CORNELL, WORLD CRUISING HANDBOOK
Navigoe’s team of financial advisors work closely with your family—as well as your other professional partners like your CPAs—to instill peace of mind and build true prosperity. No matter what services we provide for you, you can always count on us for independent advice, an education-based process and a long-term relationship.
FEE-ONLY,
INDEPENDENT ADVICE
Being an independent firm allows us to serve as your ally. Unlike “fee-BASED” companies, Navigoe is “fee-ONLY.” That means we never receive commissions or referral rewards, providing reassurance that you’re getting unbiased advice.
EDUCATION-BASED
PROCESS
Our consultative, education-based process helps you understand all your financial decisions and how they may impact your future. Our financial advisors in Redondo Beach remove jargon from the conversation and keep you informed about what is most important to you.
FIDUCIARY
RESPONSIBILITY
As a fiduciary, we are legally responsible for acting solely in your best interest. Our team never sells products or receives commissions, so you only receive our best advice, free from conflicts of interest that permeate the financial industry.
LONG-TERM
RELATIONSHIPS
Our relationship with you is collaborative and nurtured over time. Rather than only hearing from our team at opportune moments, you can count on us for ongoing, proactive conversations about your progress, goals and needs.
How We Prepare For Your Voyage
The beginning of Navigoe’s process is focused on getting to know you and understanding your vision for the future. In our Introductory meeting, we create a Draft Plan allowing you to experience our comprehensive approach and learn what our initial steps would be if we worked together. We analyze your financial situation, time horizon and risk tolerance before Charting Your Course(™), a plan that will offer greater clarity today while exploring opportunities for the future.
Spending this time upfront allows you to test the waters with us and feel confident in the course of action before proceeding. Once we create your Draft Plan, you can either continue on your way, or invite us to board your ship and serve as your navigator throughout your journey to prosperity.
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Are we a good fit? Answering that question is the primary goal of this meeting. During this hour to hour-and-a-half introduction, you will meet some of our financial advisors in Redondo Beach, learn more about Navigoe’s comprehensive services, discuss how we could help you achieve your goals, and start to build your personalized Chart—a process designed to see if your financial situation is Ship-Shape.
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If appropriate, a couple weeks after the introductory meeting we meet for another hour to learn more about what is truly important to you and develop our relationship further. This part of the process allows us to learn about your values, interests, financial situation and concerns, and most of all, your family’s goals. In doing this, we are Charting your Course(™) for the next leg of your life's journey. After this meeting, you will have clarity of your current financial situation, and how Navigoe will help you moving forward.
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If we mutually decide to work together, we will meet and formalize the process, make updates or modifications to finish Charting Your Course(™), and prepare your ship for the journey ahead.
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The first part of a new journey always involves logistics, including getting everything set up properly, making any adjustments, and ensuring you are in “ship shape.” Depending on the complexity of your situation, this process can take from 4 weeks to a year. This is the implementation stage of the process.
Staying the Course™
Advance planning meeting cycle
After you begin working with Navigoe, have Charted Your Course™ and Set Sail™, we typically have two planning meetings per year to review all of the areas of your financial life. As life evolves, special or more frequent meetings may be helpful, but rest assured that there are no additional costs for ongoing consultation.
ANNUAL FINANCIAL PLAN AND LIFE-DRIVEN ALLOCATION REVIEW
Every Spring, we review your goals and evaluate if you are still on track. This includes revisiting your Life-Driven Allocation™ to assess if it is still the right path for you and if the investments performed as expected. We also review your tax return to ensure all the advanced tax planning performed in the prior year is properly reported.
ANNUAL TAX PLANNING AND CASH FLOW ANALYSIS
In the latter part of the year, our financial advisors in Redondo Beach do extensive tax planning in coordination with our strategic partners or your CPA to make recommendations that can be implemented before the end of the year. If appropriate, we review your cash flow needs to ensure your income is cost-efficient and tax-smart.
ON-CALL MEETING AS DICTATED BY YOUR FAMILY’S NEEDS
Whether we are discussing major changes to your family and financial goals, performing life insurance needs analysis, completing new trust documents, or reviewing new employee benefits, Navigoe’s team of financial advisors in Redondo Beach are always available for a meeting all included in your annual fee.
Take the Next Step in Your Financial Journey
Get in touch to tell us more about your plans and see if we are the right co-captain for you.