The Five Critical Reports

Five simple reports, one for each major area of finance, used to update every Subject Matter Expert on your Deliverables Team about an Ideal Client's current circumstances.

The Five Critical Reports™ are completely delegated (100%) to your five Subject Matter Experts (SMEs), with one critical report assigned to each SME. Unless there's an SME vacancy, none of The Five Critical Reports™ are created by the Trusted Advisor's admin team (EX: Administrative Manager does not create any of The Five Critical Reports™).  The Five Critical Reports™ are a summary report covering that SME's area of personal finance.

Because The Five Critical Reports™ are 100% delegated to SMEs, filling at least one SME vacancy every 60 days is top priority (The target is to fill at least 3 SME vacancies every 6-months).  Likewise, replacing SMEs who are unable or unwilling to provide an average of 3-5 IMPRESSIVE Action Items or recommendations per Ideal Client Progress Meeting, is also top priority.  The sooner your team of five (5) SMEs is filled, the sooner you can achieve The Team Goal of consistently exceeding each Ideal Client's expectations, as measured by The Annual Referral Rate™ (TARR). Your TARR metric, which is your annual client referral rate (tracking Ideal Clients separately from Non-ideal Clients) is updated by your Administrative Manager every month.  If your TARR is lower than 5.0, your client satisfaction needs improvement (if your TARR is below 2.0, your client satisfaction rate is LOW, and needs immediate attention).

Instructions for creating & Auditing The Five Critical Reports™ are found by following this path in The Toolkit system:
Home > processes > delivering_on_the_promise (Click Here)

The Five Critical Reports™ are these:

1. Financial Planning Subject Matter Expert: The Greatest Probability Strategy™ (GPS) step-by-step implementation plan-of-action. [and The Progress Reports™, such as The Since Inception Progress Report™ & The Goals Progress Report™]
2. Money Management Subject Matter Expert: The Circle Chart™
3. Tax Planning Subject Matter Expert: The Annual Tax Projection™ (or the most recently fully-reviewed filed tax return, which ever is more recent)
4. Estate Planning Subject Matter Expert: The Legacy Flow™
5. Insurance Subject Matter Expert (Risk & Safety): The Insurance Grid™