FINANCIAL  ASSESSMENT

The financial assessment is the crucial first step where Newfound Wealth Advisors gets to know every aspect of your financial world. Our goal is to collect all the necessary data to build a personalized strategy for you. We begin by listening closely to your qualitative goals (like retiring by age 60 or funding a child's university education) and establishing your comfort with risk. Then, we gather all the quantitative facts, including your income, monthly expenses, current assets (investments, property), and liabilities (debts, mortgage). This comprehensive data collection ensures we have a complete snapshot of your financial health.

Once the data is collected, we move into the analysis phase. Newfound Wealth Advisors takes this complete snapshot to identify your financial strengths, weaknesses, and, most importantly, opportunities. We analyze your cash flow, assess your current tax efficiency, check for risk gaps (like insufficient insurance or emergency savings), and project your current path against your goals (e.g., "Will you run out of money at age 85?"). This thorough assessment allows us to develop specific, actionable recommendations and a customized financial plan that is strategically designed to help you successfully transition to your next life stage.