5 Steps: The Liberated Wealth Process®

If you’ve worked with any of our advisors at Centura Wealth, you have most likely heard us talking about the Liberated Wealth® process. 

We believe that it’s our role as stewards to embrace the details of your existing financial situation. This is where the Liberated Wealth® process comes into play. 

In the spirit of transparency, we want to provide information to our clients about our processes and findings. Let’s dive deeper into what the 5 steps of the Liberated Wealth® process look like.

Our tax planning generally starts with your existing baseline. After a comprehensive review, we illustrate and synthesize the complexities of your tax profile into sophisticated options. Our goal is to reduce your tax burden and drive meaningful outcomes for you, your family and friends, and charitable organizations.

Since real estate is often one of the major components of a family’s balance sheet, our expertise in real estate planning is frequently at the forefront of our clients’ minds and needs. 

Our team functions based on 5 main steps. They are as follows:

1. Uncover

First, we pursue holistic discovery by gathering and understanding data; the client’s purpose, path, and professional roster. 

2. Unlock

The next phase is to follow a precise design by analyzing and triangulating existing strategies, establishing a baseline plan, considering “what if” scenarios, and identifying a planning scope.

3. Design

The design element is a core piece of the Liberated Wealth® process. The design element includes a multi-phase action plan, a wealth scorecard, and charting new pathways. 

4. Liberate

This step involves understanding purposeful deployment. This includes implementation and advancement with plan implementation, coordination of professionals, portfolio implementation, and scorecard reporting.

5. Steward

The final step of the Liberated Wealth® process is to monitor and pivot through purposeful deployment. This includes plan monitoring, timely recalibration, and life events reset. 

This is a detailed explanation of what a process can look like for a client. It’s important to understand what the short and long-term goals are for your wealth management and understanding your advisor’s process is the first step to achieving that goal. 

All of these steps revolve around the importance of predicting and planning for the future. Let’s take a closer look into how planning is implemented into the Liberated Wealth® process. 

Planning

Planning is a multi-step process that may seem tedious but is essential to progressing your wealth. It’s easy to be financially disorganized, that’s where we step in. Centura Wealth helps you create order and organization, and most importantly — peace of mind. 

Planning to liberate your wealth looks different for each family, individual, and institution. At Centura, we offer different areas of planning, including: 

Tax Planning 

Short Range Tax PlanningLong Range Tax PlanningPermissive Tax Planning Purpose-Driven Tax Planning

Retirement Planning

• Wealth Accumulation
• Lifetime Income

Portfolio Planning

Portfolio ReviewPortfolio ProposalPortfolio Stress-testingBespoke Alternatives

Estate Planning

• Charitable Planning
• Multi-generational Planning
• Life Insurance Planning

Real Estate Planning

Real Estate Portfolio Analysis 1031/ExchangesRefinancingExit PlanningLike Exchanges (TICs, NNN, DSTs)

Clearly, there are many planning options available to meet your unique needs. Depending on your position and interests, one of our advisors can work with you to narrow down which options deliver the highest value for you.

Precision

Our tax planning starts with your existing baseline. After a comprehensive review, we illustrate and synthesize the complexities of your tax profile into sophisticated options that drive meaningful outcomes to reduce your tax burden for you, your family and friends, and your organizations.

Precision is key, and our team will analyze and triangulate your purposes and want to design a unique liberated wealth plan. 

Part of the precision element includes:

• Identifying Existing Strategies
• Establishing a Baseline Plan
• Unlocking “What-If” Scenarios
• Identifying Planning Scope 

Purpose

The purpose of liberating your wealth will naturally stem from planning your finances with precision. Once Centura designs your personalized Liberated Wealth® Plan, the next step is to implement and advance the plan. This includes coordinating professionals, portfolio implementation, and scorecard reporting. 

With any big step, there are going to be adjustments that come up along the way, and we make sure they still align with your purpose. Centura will help you steward your Liberated Wealth® Plan, even if that means pivoting original goals. 

There are tangible ways your plan can be stewarded, including:

• Plan monitoring
• Timely Recalibration
• Life Events Reset

Do you know what it means to find your North Star? Read our blog to find out.

Our process does not discriminate between uniqueness and commonalities and therefore is well-adjusted to serve our audience. We place importance on our passion for finding and solving complex problems. 

Centura Wealth does not make any representations as to the accuracy, timeliness, suitability, or completeness of any information prepared by any unaffiliated third party, whether linked to or incorporated herein.  All such information is provided solely for convenience purposes and all users thereof should be guided accordingly.

We are neither your attorneys nor your accountants and no portion of this material should be interpreted by you as legal, accounting, or tax advice.  We recommend that you seek the advice of a qualified attorney and accountant.

For additional information about Centura, please request our disclosure brochure as set forth on Form ADV using the contact information set forth herein, or refer to the Investment Adviser Public Disclosure website (www.adviserinfo.sec.gov).   Please read the disclosure statement carefully before you engage our firm for advisory services.