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Although each client receives
personalized service according to his or her unique
needs and preferences, we follow a similar process
in working with all new clients. Our annual fee covers
all ten of these services.
1) Define the client’s financial
goals. What do you want the money to do for you? What
investment returns are required to meet those goals?
2) Determine an appropriate level
of risk for your portfolio. Consider your ABILITY
(time horizon), WILLINGNESS (personal comfort level),
and NEED (returns necessary to reach goals), to take
risk.
3) Develop a broadly diversified
asset allocation and document it in an Investment
Policy Statement. Investing is a long-term endeavor;
a written IPS guides us in the many short-term decisions
necessary along the way.
4) Evaluate how well your current
investments fit this plan. Consider the investments’
asset class, cost, recent performance, and tax basis.
5) Implement the plan. Use the best
available combination of your current investments
and passive institutional mutual funds and ETFs as
building blocks.
6) Monitor the plan. Use detailed
quarterly reporting and quarterly meetings with you
to help maintain the discipline of adhering to the
plan in both positive and adverse market conditions.
7) Regularly rebalance the portfolio
to maintain your desired asset allocation and obtain
higher expected returns.
8) Tax-manage the portfolio. Harvest
tax losses and provide complete gain / loss information
to your income tax preparer.
9) Adjust the IPS as required by
changes in life circumstances and goals.
10) Provide continuous investment
education through newsletters, seminars, and individual
meetings. |
