Financial Planning
Our approach
Comprehensive Financial Planning Services
At Canonico Wealth Management, we offer more than just financial products—we provide personalized, comprehensive financial planning designed with an objective to help you achieve your long-term goals. Our financial planning services form the foundation of everything we do, giving you access to comprehensive financial planning software that allows us to create customized strategies tailored to your unique situation.
Under the guidance of Gwen Canonico, a CERTIFIED FINANCIAL PLANNER® practitioner, we follow a experienced financial planning process. This provides that every aspect of your financial life is considered, from retirement and education planning to tax strategies, estate planning, and risk management.
Our robust financial planning tools enable real-time analysis, helping you stay on track and adapt to changes in your financial situation. With a commitment to transparency, we walk you through every step of the process, offering clear insights and actionable recommendations to guide you on your financial journey.
Whether you're just getting started or looking to refine an existing plan, we’re here to help you navigate the complexities of personal finance with confidence and ease.
Financial Planning Process Overview
Discovery & Goal Setting
We start by getting to know you—your financial situation, goals, and concerns. This step is crucial for building a plan that reflects your values and aspirations.
Data Gathering & Analysis
Using our advanced financial planning software, we collect and analyze detailed information about your assets, liabilities, income, and expenses. This provides a comprehensive picture of your financial health.
Strategy Development
Based on the analysis, we develop a tailored financial plan, outlining key strategies for savings, investment, tax planning, insurance needs, and retirement goals.
Plan Implementation
Once we’ve refined the strategy together, we assist in executing your plan. This may involve opening new accounts, adjusting existing ones, or coordinating with other financial professionals such as accountants or attorneys.
Monitoring & Review
Life changes—and so should your financial plan. We monitor your progress regularly and adjust the plan as needed to keep you on track, providing periodic updates and in-depth reviews.
Core
Individuals & Couples Accumulating Wealth
Initial Engagement: 6 months
Meetings: Virtual
Frequency: Annual
Service Allotment: 5+hours
“I need financial organization and access to a financial professional”
- Am I saving & investing in the right places?
- Am I on track to meet my financial goals?
- Help me work towards financial freedom.
Initial Plan: $1,200
Comprehensive
Individuals, Couples, Families in
Peak Earning Years, Nearing or in Retirement
Initial Engagement: 12 months
Meetings: In-person or Virtual
Frequency: Semi-Annual & qtr. touch points Service Allotment: 10+ hours
“I need a financial planner to work with me to meet my financial objectives”
- I need a financial coordinator.
- Help me financially prepare to help protect my spouse and family.
- Help me make smart decisions with my household finances to fund retirement confidently.
Initial Plan: $2,400
Advanced
Affluent Families & Business Owners with significant financial complexities
Initial Engagement: 12 months
Meetings: In-person or Virtual
Frequency: Semi-Annual & qtr. touch points Service Allotment: 40+ hours
“I need a personal CFO to coordinate my financial picture”
- Help me find inefficiencies in my finances.
- How can I structure my finances to optimally mitigate taxes?
- Help me effectively maintain, preserve & transfer wealth to my family.
Initial Plan: $5,000
Areas of Financial Focus
Family Wealth Planning
Business Succession
Client Benefits
Access to Advice & Insights
Online Financial Organizer
Plan Summary & Action Plan
Plan Management
Support
Coordination with TPP Network
(CPA, Attorney, etc.)
*Ongoing
Annual Plan Renewal
We offer continued financial planning services to assist with the implementation and management of your financial plan with continued point-in-time advice on your investment strategy. (See Annual Client Service Calendar)
Starting At $1,000 +/Yr. After The Initial Plan Engagement.
*Financial plans expire if they are not renewed. Plan renewal costs may be re-assessed for any circumstantial events that require additional time commitment and analysis. Plan renewals costs may be waived with investment management commitment.