Broker Check

Goals-Based Wealth Plan


At Wellacre, we believe that a successful financial journey begins with a clear understanding of your aspirations. Our approach is centered around Goal-Based Financial Planning, a strategy that aligns your financial decisions with your life goals. By prioritizing what matters most to you, we create a roadmap that ensures your wealth works for you.

Goal-Based Financial Planning

Our planning process starts with you and your goals. We want to get to know you and what you really want most out of life. We want a good, clear, current picture of your life and an equally clear picture of where you want to get. From there, we will create a plan that is completely tailored to your needs, your risk tolerance, and your overall goals.


Your total client profile

Your financial goals, relationships, assets, existing advisors, preferred process, and your personal interests.

Current situation analysis

This portion of the plan will include an income and expense analysis and an asset allocation analysis.

Financial goals narrative

A short-term, intermediate-term and long-term goals narrative with the associated risk tolerance for each time horizon.

Goals-based recommendations

Professional recommendations for target asset allocation, tax considerations, portfolio construction, cash management, and future liquidity requirements.

The result of goal setting in the financial planning process is a diagnostic report aimed at  maximizing your probability for success. In this report, your current financial situation along with our recommendations for any repositioning of your portfolio will be outlined in detail. This goal-oriented plan will also account for any potential costs and taxes that could impact your portfolio.

Your new goal-based financial plan will include your recommended investment plan and an investment policy statement. This structure provides several important benefits:

  • It helps provide long-term discipline to your investment decision-making. A well-conceived plan helps ensure that rational analysis is the basis for your investment decisions, making you less likely to act on emotional responses to short-term or one-time events.

  • It encourages effective communication. Because it clarifies both the issues that are most important to you and the investment approach and strategy that will be used, it minimizes any misunderstandings that may arise.

  • It allows both client and advisor to accurately review your critical factors as they may change over time. Such evaluations may indicate that corresponding changes to your investment plan are called for.

Steps to Our Goal-Based Wealth Planning Process

1. We Create a Total Client Profile

Everyone has different circumstances and aspires to different dreams. As your financial advisor, we can meet your needs well, only when we know you and your unique life situation well. We believe it is important for us to deeply comprehend not only your investments and other assets, but also your most important values, goals, relationships and interests. 

Learn more

2. Developing an Investment Philosophy Statement

The investment philosophy statement, or IPS, delves into substantially more detail on our investing approach and our strategic portfolio management process. It also provides summaries of the returns of key indices and of a range of hypothetical portfolios, as well as important disclosures, including the asset classes used to construct hypothetical portfolios, sources and description of data used and treatment of certain data.

Learn more

3. Creating a Tailored Investment Plan

The investment plan provides an overview of your client profile, our consulting process and our investment recommendations. It also includes brief descriptions of our investment philosophy.

Learn more

Advanced Plan

If, during our Investment Plan Meeting, we decide to work together, we will create your Advanced Plan. The Advanced Plan focuses on the four key areas of your financial life beyond your investments: wealth enhancement, wealth transfer, wealth protection and charitable giving. We will present this plan to you during our first Regular Progress Meeting.

Learn more

Frequently Asked Questions

What is a goals-based wealth plan?

Answer: A goals-based wealth plan is a meticulously crafted financial strategy designed to align with your unique client profile, financial goals, and personal interests. This comprehensive approach includes in-depth analysis, personalized recommendations, and a diagnostic report aimed at maximizing your probability for financial success.

When should I consider revising my investment plan?

Answer: Regularly reviewing critical factors, especially as they evolve over time, may indicate the need for adjustments to your investment plan. Changes in financial goals, risk tolerance, or other circumstances would warrant a reevaluation to ensure your plan remains aligned with your objectives.

Why is goal setting important in the financial planning process?

Answer: Goal setting plays a crucial role in the financial planning process as it provides a clear roadmap for your financial journey. By defining specific short-term, intermediate-term, and long-term goals, you create a framework that guides investment decisions and strategies. Clear goals help in determining the necessary financial steps, setting realistic expectations, and measuring progress over time. Additionally, goal-oriented financial planning adds purpose and motivation to your wealth-building efforts, ensuring that your resources are directed towards achieving the outcomes that matter most to you.


Financial Advisor Near Me

If you’ve been searching for a “financial advisor near me,” or “financial advisor Santa Monica,” you’ve come to the right place! We offer a complimentary "Get Acquainted" meeting to learn about your goals and see if our services are right for you.

Come in for a cup of coffee and a second opinion. We relish the opportunity to get to know you and, hopefully, help you with your financial and life’s goals. Contact us today to schedule a consultation with a dedicated Financial Advisor. Your financial success starts here with WellAcre Global Wealth Advisors.

Talk to An Advisor

Subscribe to our newsletter

Thank you!
Wellacre Global Wealth Advisors, Financial Planning Consultants, Santa Monica, CA