FINANCIAL HEALTH ASSESSMENT

IT STARTS WITH A ONE-ON-ONE CONVERSATION

Your EP Wealth Advisor will take the time to learn about your goals, concerns, and priorities. Together, you’ll review key areas of your financial life, including investments, income, expenses, insurance, and other relevant details, to help identify next steps tailored to your situation.

What the Financial Health Assessment Covers

Every client's situation is different, so your Financial Health Assessment is tailored to your individual circumstances. Based on your situation, your advisor may review areas such as:

• Financial Planning: Income, expenses, spending patterns, savings, and debt obligations
• Retirement Planning: Retirement readiness, income projections, savings progress, and timing considerations
• Investment Planning: Your current portfolio, asset allocation, diversification, and overall investment strategy
• Tax Planning: Tax considerations and potential opportunities to help improve overall efficiency
• Estate Planning: Beneficiary designations, trust considerations, and other foundational estate planning items
• Insurance & Risk Management: Existing coverage, protection needs, and potential gaps

The assessment is designed to help you better understand where you stand today, identify potential gaps or opportunities, and determine whether additional guidance may be helpful as part of a broader financial plan.

What Is a Monte Carlo Simulation?

A Monte Carlo simulation is a tool used to estimate the probability of success of a financial plan. It tests your plan across many possible market scenarios, including periods of volatility, to help show how your savings, income, and investments may support your goals over time.

Rather than relying on one set of assumptions, the analysis considers a range of potential outcomes, so you can better understand how your plan may perform under different conditions.

When a Financial Health Assessment May Be Especially Helpful

Some of the situations where individuals and families find a financial health assessment particularly relevant include:

• Approaching retirement and wanting to evaluate financial readiness
• Navigating a career change, business sale, or other professional transition
• Going through a divorce or managing finances after the loss of a spouse
• Receiving an inheritance or experiencing another significant change in assets
• Wanting a second opinion on an existing financial plan or investment strategy
• Working with accounts spread across multiple institutions and looking for a more coordinated view

A Fiduciary Approach

As a registered investment advisory firm, EP Wealth operates under a fiduciary standard, which means our advisors are required to act in your interest. EP Wealth is a fee-only firm, so there are no commission-based product recommendations involved in the assessment or any other service we provide.

Frequently Asked Questions 

What if I already work with a financial advisor?
That's not uncommon. Some clients request an assessment because they're looking for a second perspective on their current plan or want to explore whether a different approach might be a better fit. The assessment is a way to see how EP Wealth's advisors think about your situation, with no obligation to make a change.

What do I need to prepare before the assessment?
Your advisor will guide you on what to bring, but having a general sense of your account balances, income sources, and major expenses is a helpful starting point. If you have existing financial or estate planning documents, those can be useful to have on hand as well.

How does the Financial Health Assessment relate to a full financial plan?
The assessment is often the first step. It gives you and your advisor a shared view of your current financial picture. From there, if it makes sense, your advisor can work with you to develop a more comprehensive financial plan tailored to your goals.