Complete Guide To Financial Health For Organizations

View Full Description

Hello, Kort McCulley here, and I wanted to take you through the Complete Guide to Financial Health for organizations. I’ve credited this process that I’ve seen organizations go through that helps them align and create the most robust, comprehensive outline for their employees and key executives.

And I want to share that with you today, and step one of the essential starting point is what’s your vision? Many organizations need to take time to ask this question as to what it is they’re trying to create and why they’re creating it. Who are they creating it for? A lot of times, people will buy a brand to buy a product, and they’re thinking, goodness, this will just be what we need.

But let’s start with who we’re trying to design it for and what we’re trying to create. I get involved with creating solutions for key employees and all the employees in that general. So it’s, using, whether it be a retirement plan or 401k, how do we design something and create something for those who are really intending to incent, retain, to attract organizations really need to take time on the front end and ask themselves this question is, What’s our vision?

What is it we’re trying to create? Who are we creating it for before we buy a product and go down the road? What does that look like? And that leads me to the second item, which is plan design. If we start looking at creating an optimal or an optimized plan design, we would answer that first question is, what’s our vision?

What’s the vision of who we want to create? Where’s the business going? And then, let’s ensure we build a solution that supports that organization. The third item really is establishing a clear investment strategy. So if that’s being created at the top level for all employees or even for a select few, if we’re creating maybe a defined benefit plan or something that’s designed and is not driven by the employee, a lot of times with those organizations, they’ll have the ability for employees to make their own decision.

Is that the option we want to have through that design process and the vision we’ll have gotten to the investment strategy? A third item and we have reached a precise feel as to how we want to create a custom investment strategy that facilitates towards those key employees over that employee base in total. The fourth item is an ongoing annual service platform and some key indicators.

So how do we monitor progress? We’re committed to a quarterly, systematic, ongoing process to make sure that progress is made. And it isn’t. Hey, we got busy. No, it’s already built in. You know that you’re going to have this quarterly conversation that ensures that the organization stays in a financial health or healthy position.

And then the key indicators, we monitor some key indicators to say what progress has been made every quarter, on an annual basis to say, where did we start and where are we at today? How many people have been participating? How many are participating today? How much were they contributing? Then how much are they contributing now?

Have the assets grown? Have we monitored the cost? All those things need to be included in that conversation, and then once that’s been completed, we shift to the fifth item, which is the employee education experience. And how can the program that we’ve designed for that group, how can we deliver that to them?

How can we create a unique experience where they feel like not only have they joined a world-class organization, but they’ve got a world-class one? Experience when it comes to the benefit that’s been built for them and that they feel empowered and know that they’re well taken care of and will be on track for a safe, secure retirement or a great financial future.

And the last item is how we execute this plan and create an ongoing cadence to ensure everything we’ve lined out from vision to design, to investment strategy, to the annual service and progress monitor to the employee experience. How do we make sure that happens on a consistent, ongoing basis so that true progress can be made and can be monitored?

And that comes down to a consistent cadence, which is sometimes quarterly. Some people need a monthly check-in to ensure that’s happening at the very least annually. That way, we know when we look back at that organization’s financial health and whether that program is being managed correctly and is done consistently.

Ongoing monitoring process. That’s my overview of the Complete Guide to Financial Health. Happy to walk through it on an individual basis, but I wanted to give you an overview today. Again, Kort McCulley and I look forward to connecting with you soon. 

Why Choose McCulley Financial?

  • Understands Entrepreneurs Needs

    We get what entrepreneurs need. Our support is personalized to tackle challenges and fuel growth. Simple, effective solutions for success.

  • Comprehensive Financial Planning

    Plan your money wisely with Comprehensive Financial Planning. Secure your future, grow wealth, and make smart investment choices for success.

  • Fiduciary Best Practices

    Follow the best practices for managing money responsibly and ethically to build trust, be transparent, and achieve positive results for everyone.

Asset Protection

What You Can Expect

Protect your assets by applying several layers of protection. This can take the form of liability insurance, fundamental practices, and other smart strategies.

A solid asset protection plan means you no longer have to feel at risk of losing everything due to litigation or unforeseen events.

  • Estate Planning
  • Legacy Planning
  • Estate Transfer Strategies
  • Family & Generational Review
  • Estate & Trust Counsel Review
  • Investment Diversification
  • And More!

Insurance & Asset Protection Services

What You Can Expect

Get affordable coverage that aligns with your company’s needs – no matter how unique your needs are.

Our team helps you navigate complex insurance-related issues, risk management, and employee benefit issues so you can be safeguarded against any type of risk.

  • Insurance Review
  • Long-Term Care Planning
  • Corporate Benefits Review
  • Liability Planning & Risk

Learn About Our Investment Services

What You Can Expect

Gain access to a wide array of products and services that will ensure we make the right choices to grow your portfolio.

Our fee-based consulting means our only focus is doing what’s right to build your wealth – not earning a commission.

Our risk-averse approach coupled with our extensive investment analysis means we can build a portfolio that maximizes return while minimizing risk.

  • Investment Advisory
  • Free-Based Consulting
  • Asset Allocation
  • Portfolio Construction
  • In-Depth Risk Analysis
  • Alternative Investments
  • And More

Financial Planning Services

What You Can Expect

We identify your objectives and needs to design a realistic, actionable plan you can fully understand.

Whether you’re saving for a house, paying for an education, or want to ensure you have enough for retirement, we make it possible.

We can also help business owners gain additional life, health, and retirement benefits beyond the basic employee scope.

  • Budget & Cashflow Analysis
  • 529 College & Education Planning
  • Social Security Planning
  • Retirement Income Planning
  • Wealth Building Strategies
  • Net Worth Analysis
  • Charitable Planning Services
  • Tax Planning
  • Comprehensive Financial Plan
  • And More

Corporate 401K

What You Can Expect

Explore a wide range of solutions and get a custom designed plan that helps employees reach their retirement goals.

Participants also have access to one-on-one personalized education to help them navigate the complexities of their plan so they can feel confident in their choices and future.

  • Plan Design
  • Employee Education
  • Provider Search
  • Free Benchmarking
  • Investment Analysis
  • Tax-Saving Strategies For Employees & Owners
  • One-on-One Employee Education
  • And more!

Corporate 401K Services

What You Can Expect

Get the right strategy and tools to maximize your savings. As a self-employed entrepreneur, you’ll discover new opportunities to grow your nest egg faster – which includes identifying opportunities to shelter assets from taxes or reduce your tax liability.

Experience the peace of mind that comes with being able to maintain your lifestyle through retirement, stay prepared for the unexpected, and leave a legacy for loved ones.

  • Tax-Saving Strategies
  • Plan Design
  • Provider Evaluation
  • Portfolio Diversification
  • Alternative Asset Investment
  • Ongoing Plan Review
  • And more!