The Hop Planning Process™
Many years of providing sophisticated planning and advice for our clients has allowed us to develop a planning process that is infused with real world experience, and planning intelligence.
Whether you’re focused on Estate Planning, Business Succession, Wealth Management, or Philanthropic Gifting, the Hop Planning Process™ takes a logical and thorough approach to understanding what you and your business value and want to achieve. It then delves into the details of a comprehensive analysis of your personal and business interests in order to develop a strategy that honours your priorities while addressing the realities of your situation.
The Fundamentals
To do this, we first take time to clearly understand the fundamental priorities of your family and business. Your goals, mission, vision and values must be identified in order to deliver a comprehensive family wealth and estate plan. Any other approach will be myopic. The Hop Planning Process™ avoids the inherent risks of incomplete planning by starting with a greater depth of analysis.
Values
We begin our planning process by understanding your Values. At their core, values provide an internal reference of what is good, useful, important, meaningful and constructive. Values generate behaviour and are at the foundation of all decision-making. By understanding your values we’re able to integrate them into your family wealth plan at every level.
Vision
Sometimes people aren’t clear about what a Vision is – and that’s where real challenges can present themselves. A Vision is a clear picture of the “end state” or final result that you’d like to see happen. It’s a picture of the future and becomes a guiding reference point that will harness our work together. Through a carefully designed conversation, we work with you to identify and clarify your vision so that our collective work together does not waver from that vision.
Mission
A mission is important for many reasons as it serves to identify the measurable results of a process. While your Vision is a final condition, the Mission is a clear, achievable outcome that will help define our success together.
Goals
In simple terms, goals form out of knowing where you are now and where you want to be. To set clear goals, however, requires that we accurately know your Values, your Vision and your Mission. This sets us up to define specific goals and milestones for the Hop Planning Process™. We will work with you to articulate those goals accurately and in a way that each goal is meaningful, relevant and clear.
After developing the fundamentals together, you can then have the confidence that we truly understand what’s important to you as we begin to address the applied areas of Estate Planning, Business Succession, Wealth Transfer and Philanthropic Gifting.
The Process
We know that a proper family wealth and estate plan involves an appropriate exploration of four unique phases:
Discovery
We understand that making decisions that can have a major impact on your life and beyond can sometimes be daunting. That’s why we start with Discovery. This first step will allow us to identify your needs and wants, risks and rewards, problems and opportunities. We will prepare an inventory of your assets and liabilities, and take a real time look at where you stand. This process will ensure a comfort level for you, and allow us the opportunity to tailor your next steps.
Analysis & Strategy
Using our expertise and the information obtained from the Discovery phase, we will create a customized roadmap for you. Our analysis will provide you with individualized strategies to achieve your mission, vision and goals. Your plan is uniquely yours; working collaboratively to construct the pieces is imperative to your plan’s success.
Presentation & Feedback
Collaboration is the name of the game when it comes to your plan. In this process, we will present you with the plan that we have worked together to create. Each of the recommended elements of the plan will come with tailor-made implementation strategies. In this process, we will lay out benchmarks, as well as a review schedule to ensure your goals, mission and vision are being met.
Review
Your plan isn’t a one-time process; it’s a lifetime process. It’s a blueprint we review together to stay in sync with your evolving circumstances.
