*by Kevin Rigg, Director of Financial Life Planning, Lead Advisor, CFP®, CPA*

The SoundView Planning Team is already hard at work preparing for 2021 Annual Review meetings. In early January we will be sending all clients (yes, including you!) a request for 2020 cash-flow information, as well as year-end values of non-portfolio assets and loans.

The primary objective of the Annual Review meeting is to accurately assess your financial situation and track your progress toward meeting long-term goals. To do this well, we need timely and accurate financial data.

Armed with the necessary financial information, it is much easier to produce more accurate reports for the meeting. We will also sit down and review important life changes, or any important decisions you made in the last 12 months. Ultimately, we want to increase the chances of you achieving your life (and financial) goals — so if there need to be changes made, this meeting is where we’ll talk about it.

We will be utilizing a new method of tracking and reporting your entire financial picture at 2021's Annual Review meetings. As a result, you can expect things to look a little different in regard to data gathering and reports this year. Nevertheless, the Annual Review meeting's core purpose remains the same: bringing the focus back to long-term planning while keeping our eyes on the path you're walking today.