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The 10-Step Investment Advisory Service Process
Although our service is personalized for differing client needs, we follow a process to ensure that every client has a good investment experience. Our annual fee covers these services.
1. Define the client's financial goals. What do you want the investments to do for you and when? What investment returns are needed to meet those goals?
2. Determine an appropriate level of risk. We consider your ability, willingness and need to take risk. Only then do we begin to make investment choices.
3. Prepare the Investment Policy Statement. A written IPS is essential to the initial portfolio design and to keep the investment portfolio on track when the inevitable market downturn occurs.
4. Evaluate how well your current investments fit within the investment plan. Consider the investments' asset class, costs, tax basis and recent performance in deciding whether to keep or dispose of presently-held investments.
5. Design a broadly diversified asset allocation. Document the initial asset allocation as an attachment to the IPS.
6. Monitor the plan. Provide comprehensive quarterly reports and hold periodic meetings with you. Monthly statements will be mailed directly to you by the investment custodian.
7. Periodic rebalancing of the portfolio. Rebalancing the asset class components of your portfolio to the original asset allocation percentages is necessary to manage risk and enhance investment returns.
8. Manage the portfolio to minimize taxes. For taxable accounts, tax losses should be harvested to offset capital gains and complete tax information should be provided to your tax advisor.
9. Provide continuous investment education. Through quarterly newsletters, books and articles and first hand at our periodic meetings.
10. Provide financial planning advice as requested or identified. Our service extends beyond purely investment management to include other forms of financial consulting such as for retirement distributions, education savings, social security benefit planning, the use of trusts, and a host of other personal financial planning matters.
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