Axberg's Wealth Management Process
At Axberg Wealth Management, Paul Axberg and his team have created a unique strategy that provides a comprehensive approach to wealth management that we call the Foundation FORMula. Using our proprietary system, we discover what matters most to you, and design a custom-fitted plan to help you pursue those goals.
Step 1: Discovery
Understand Where You're At Financially & Where You Want To Be
The Foundation FORMula for wealth management begins with understanding your goals in all areas of your life, viewed through he lens of your financial health.
We’ll book a fit meeting with you to help sort priorities, and once we get an idea of where you want to be, we can consider where you’re at now, and how we can help get you going in the right direction. Each letter in FORM spells out a different facet that we’ll explore:
Recreation & Hobbies
Financial planning is not only about responsibilities but also about creating space for recreation and personal interests. Activities such as travel, sports, or creative hobbies often require thoughtful allocation of resources, both during working years and in retirement.
Money & Savings
Managing money and savings provides the structure that supports both immediate needs and future goals. A good financial plan takes into account day-to-day cash flow, emergency reserves, investment strategies, and long-term savings objectives.
Family & Relations
One of the most important parts of life is family. Consequently, your financial management plan should consider how you can benefit your children, parents, siblings, or spouse. Whether you need legacy planning so that your children can benefit from your wealth or risk management so you can preserve stability for your loved ones, financial management should always consider family.
Occupation & Income
Occupation and income form the financial core that supports other areas of life. A comprehensive plan considers both current earnings and future changes, such as career growth, business income, or retirement transitions. This includes accounting for sources like pensions, Social Security, and retirement account distributions.
Step 2: Design
Formulating A Strategy
After understand the resources you have and where you want to be, we can begin step two in the Foundation FORMula: the creation of a unique strategy designed to help you pursue your goals. Our in-house team, comprised of tax, wealth, and insurance professionals will develop a plan that accounts for the most important aspects of your financial life. We start with our 7 pillars approach:
Pillar #1: Wealth Management
Wealth management involves tying all of the facets of your plan together. It involves evaluating assets, investments, and goals to create strategies.
Pillar #2: Risk Management
Risk management focuses on protecting what has been built by addressing potential issues. This includes insurance and liability issues
Pillar #3: Tax Planning
Tax planning means that we can evaluate how to manage your money in a way that reduces taxes.
Pillar #4: Legacy Planning
Legacy planning addresses the transfer of assets and wealth across generations. It considers wills, trusts, and other tools to align your legacy with personal goals. We work with your desired estate planning attorney to make sure your legacy planning aligns with your financial planning.
Pillar #5: Philanthropy
Philanthropy involves planning charitable giving in a way that reflects personal values and can potentially have tax benefits.
Pillar #6: Cash Management
Cash management is about handling liquidity well, which means that cash is in an easy to access place when you need it.
Pillar #7: Value Added Services
Value added services encompass specialized guidance and support beyond traditional financial planning.
Step 3: Deployment
Strategy Implementation
In step three of the Foundation FORMula, we’ll meet to explore your financial plan, covering recommendations across wealth management, risk, tax, legacy, philanthropy, cash, and value-added services. You’ll see how each part connects and how your wealth management plan addresses current priorities and long-term goals.
Ongoing Adjustments
Financial planning is an ongoing process, not a one-time event. Regular checkups help ensure your plan stays aligned with your goals, life changes, and evolving circumstances. During these reviews, we examine the most important facets of your plan. These checkups allow adjustments as needed, keeping your financial strategy coordinated and aligned with your priorities over time.
Request A Fit Meeting To Get Started
