View Our 4 Phases of Stewardship Consulting Services
At 724 Stewardship Consulting, we embrace the responsibility of stewarding God’s resources with wisdom and care. Our meticulous approach is tailored to guide you in managing these blessings wisely, reflecting your unique vision and values. Through our comprehensive four-phase process, from discovery to implementation, we are dedicated to helping you fulfill this spiritual and practical journey with integrity and foresight.
Phase 01
Discovery
"Where do we want to go?"
Duration: 1-2 months
- Stewardship Planning Questionnaire: Provided for individual preparation ahead of the Discovery Retreat.
- Discovery Retreat: A day-long session to develop a detailed list of stewardship planning goals and objectives for personal, family, and charitable aspirations.
Phase 02
Analysis
"Where are we right now?"
Duration: 3-4 months (can overlap with Discovery Phase)
- Comprehensive Information Review: Gathering and analysis of all legal, tax, and financial information.
- Advisor Coordination: Introduction and explanation of 724's role to existing advisors.
- Summary Opinion Letter: A detailed document aligning current estate plans with stewardship objectives.
Phase 03
plan design
"What is the best way to get where we want to go?"
Duration: 3-4 months
- Draft Master Stewardship Plan: Creation of a tailored plan addressing problems and achieving stated goals and objectives.
- Advisor Collaboration: Review and approval of the draft plan with advisors for ultimate approval.
- Plan Presentation: Presentation of the master stewardship plan for client review and final approval.
- Family Meeting: Communicating plan details to family, including inheritance and charitable giving specifics.
Phase 04
implementation
"What needs to be done to get us where we want to go?"
Duration: 6-12 months
- Plan Approval and Initiation: Post-approval, the commencement of the plan implementation.
- Implementation Checklist: Creation and completion of a checklist for operationalizing the plan.
- Advisory Team Coordination: Organizing and overseeing the advisors' tasks and deadlines.
- Implementation Oversight: Managing and ensuring the proper and timely execution of the plan.
- Weekly Progress Updates: Regular updates on the implementation progress.
Customized For You
Foundational
Planning (FP):
- Financial and Personal Goal Setting, Goal Monitoring, and Progress Reviews
- Investment Management and Personalized Portfolio Construction
- Cash Flow Analysis
- Income Needs Analysis
- Mortgage / Debt Analysis
- Asset Allocation / Diversification Analysis
- Net Worth Analysis
- Risk Assessment and Risk Tolerance Modeling
- Basic Benefits Review
- Basic Tax Planning
- Basic Estate Planning
Advanced
Planning (AP):
- Insurance Review / Risk Reduction Strategies
- Effective Use of Executive Compensation, Stock Options, ERISA plans, and Employee Benefits
- Business Cash Flow Analysis
- Retirement Distribution Planning
- Pension / Income / Required Minimum Distribution (RMD) Analysis
- Social Security Analysis
- Succession Planning and Transition Analysis
- Optimizing Charitable Giving Impact
- Health/Medicare Insurance Review
- Beneficiary / Legacy Review
- Tax Planning / Efficient Tax Reduction Strategies
Additional
Services
- Outside Account Coordination
- Specialized Investment in Real Estate
- Small Business Planning
- Specialized Charitable Planning
- Special Needs Planning
- Specialized Investment Review