A disciplined approach to investment management is the best method for balancing the opposing forces of risk, return, cost and taxes.
The Wealth Management Process is the systematic approach I use to help guide clients through complex financial terrain, in a simple and effective manner:
Discovery
- Review current financial situation, goals & key issues
- Gain an understanding of how the client feels about investing & risk
Define Financial Goals
- Define goals, resources & quantify capital needed to achieve goals
- Establish strategies to address possible shortfalls
Investment Management
- Create a customized portfolio based on each client's individual needs, risk tolerance & time horizon
- Invest, manage & monitor investments
Report & Review
- Provide performance statements, review if priorities have changed & review progress reports towards goal
- Prepare for what comes next