Our Process
Our Wealth Advisor should clearly explain or document the services to be provided to you while defining both parties’ responsibilities. An explanation of how our advisors are paid and by whom will also be furnished to our clients.
Gathering client data, including goals.The advisor should ask for information about your financial situation and gather all the necessary documents before giving you any needed advice. In a discussion with the advisor, you will define your personal and financial goals, determine your time frame for results and examine your tolerance for risk as well as understand mutual expectations.
Analyzing and evaluating your financial status.The advisor should analyze your information to assess your current situation and determine how you must proceed to meet your goals. Depending on what services you have asked for, this could include analyzing your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.
Developing & presenting financial planning, Asset Management, & Risk Management recommendations and/or alternatives. The advisor should offer recommendations that address your goals, based on the information you provide. To make better-informed decisions the advisor will then review those recommendations with you. If you express any concerns over the recommendations by the advisor, the appropriate adjustments can be made.
Implementing the recommendations.You and the advisor should agree on how the recommendations will be carried out. The Advisor will complete the recommendations and serve as your "coach," coordinating the whole process with you and other professionals such as Tax and Legal advisors.
Monitoring the recommendations.You and the Advisor should agree on who will monitor your progress towards your goals. If the advisor is in charge of the process, he/she should report to you periodically to review your situation and adjust the recommendations, if needed, as your life changes.
