The Planning Experience

Sound Guidance, Effective Implementation and Thorough Oversight

As your trusted advisor, we take a comprehensive approach to helping you manage your wealth. We begin with a dialog to help us understand your situation and goals; we assess whether you're on track to achieve those goals; and we provide objective solutions to help improve your financial picture. Finally, working closely with you and your other advisors, we can help implement, coordinate and monitor each of the recommended strategies.

The planning process

Whether we are focused on a single issue, or building a complex plan, our planners follow a disciplined 6-step process designed to help you achieve your goals. Click on the image to view the whole process

1. Establish & Define Our Planning Relationship
During our initial meeting we help you clearly understand the planning process and the roles we each play. We will discuss your goals and determine whether our focus will be on one particular planning concern, or on creating a comprehensive plan. This helps ensure a good fit between your needs and the services we provide.

2. Define Your Goals and Gather Your Data
The foundation for sound planning is a clear understanding of your financial goals. During this phase of the planning process, we capture your unique goals and gather the data we need to create your plan. We will ask you about your financial situation and will document your short- and long-term goals. We will then need your help gathering the financial data that will serve as the backbone of our analysis.

Goals like these will shape the strategies we design for you:

3. Analyze and Evaluate Your Financial Status
Our planners will perform a comprehensive analysis to get a clear picture of your current financial status. To assess whether you're on track to reach your goals, we examine issues such as: projected capital at retirement, projected future cash flow, and investment allocation. This is also where we begin to explore with you the different actions you might take to meet your financial goals.

4. Develop and Present Financial Planning Recommendations
Based on the analysis of your financial status, we will develop and present concrete recommendations that address your goals. We will walk you through our recommendations and the implications of each particular alternative so you can make an informed decision about your action plan.

An Important Note: During the planning process, our goal is to provide you with objective alternatives that will help you achieve your financial goals. This means our recommendations are not based on the products and services City National offers, but instead, which solutions are best for you.

5. Implement Recommendations
Once you decide which recommendations you wish to implement, we can help guide you through the implementation process.

6. Monitor the Plan
Financial Planning is an ongoing process. Regular monitoring helps you take into account life events that may change your initial situation or goals. In these instances, we can help you assess the impact of each change and analyze whether your strategies should be updated as a result.

Getting Started

To learn more, call us at (800) 773-7100, Monday through Thursday, 6:00 a.m. to 5:30 p.m., and Friday, 6:00 a.m. to 6:00 p.m. (PT). You can also contact us online or visit one of our local City National locations.

Investment and Insurance products:
  • Are Not insured by the FDIC or any other federal government agency
  • Are Not deposits of or guaranteed by a Bank or any Bank Affiliate
  • May Lose Value

In the Financial Planning capacity, City National does not offer advice on particular investments. If you would like information on specific investment services or products, our planners can refer you to a City National advisor.

City National, as a matter of policy, does not give tax, accounting, regulatory or legal advice. The effectiveness of the strategies presented in this document will depend on the unique characteristics of your situation and on a number of complex factors. Rules in the areas of law, tax and accounting are subject to change and open to varying interpretations. The strategies presented in this document were not intended to be used, and cannot be used for the purpose of avoiding any tax penalties that may be imposed. The strategies were not written to support the promotion or marketing to another person any transaction or matter addressed. Before implementation, you should consult with your other advisors on the tax, accounting and legal implications of the proposed strategies based on your particular circumstances.