Family Wealth Blueprint®
A Family Wealth Blueprint® is a client report that illustrates the benefits of three or more strategies. It presents the results in pictures, charts, text, and numbers. The Comprehensive Plan takes into consideration the cumulative impact of all strategies with respect to income taxes, cash flow, charitable benefits, and wealth distribution. It is usually 50-80 pages in length.
Value Proposition Letter
This two-page letter summarizes the clients’ current situation and compares it with potential results of a planning process. Advisors use the VPL to show a client how the benefits of planning are many times greater than the costs. The VPL provides an excellent way to motivate the client to proceed with a strategy feasibility study or comprehensive planning process.
Current Analysis
This document examines how well the client is fulfilling his or her goals regarding investments, wealth transfer, income tax, asset allocation, business succession, retirement planning, etc. The report helps to demonstrate the need for planning by highlighting the difference between what a client wants to accomplish and what the client’s current plan actually does. It is actually the first part of the Family Wealth Blueprint® process but can be used as a stand-alone deliverable.
Tactical Plans
A Tactical Plan is a strategy illustration that focuses on just one or two strategies and demonstrates how the strategy can reduce taxes, increase income, or achieve other benefits. Another way to describe a Tactical Plan is a packaged sales idea. Click the link below to view or download a partial list of strategies.