wealth management process
- Financial goals
- Current and projected net worth
- Cash flow
- Income & estate taxes
- Employee benefits
- Current investment & retirement statements, etc. from which we can glean the necessary information
- Needs for current income or liquidity
- The appropriate allocation of investment assets and risk tolerance which we believe are the most important components in developing a successful financial plan
When you receive your financial report, it is your decision whether to implement the recommendations, either completely or in part. We regard the responsibility for preparing your written financial plan as a very important and personal relationship.
Your financial plan is a living document, reviewed periodically and adjusted appropriately. Whatever your unique situation may be, everyone needs a periodic assessment of where he/she is on the road to meeting his/her financial goals. Your financial plan will set a clear and specific direction in your life.
We work with people based on their preferences and needs. Some may want a second opinion or help on a specific situation. Others would like more comprehensive, coordinated financial advice.
There are a lot of different plans that must be identified, addressed and ultimately integrated:
Risk Management Plan
We assess the risks you face in such areas as life, health, disability, long-term care.
Income Tax Plan
We review your tax returns, analyse your current and projected income tax exposure, and make recommendations on how to reduce your future income tax liability.
Strategic Asset Allocation
Assistance in outlining wealth objectives, defining risk tolerances, determining capital and income needs, and establishing risk and return expectations in order to construct strategic asset allocations that incorporate diversification techniques into a tax efficient portfolio.
Retirement Plan
We project your cash flows from now until the end of your working life and estimate the potential shortfall, if any. We can then show you the effect that different changes you could make in your life (such as how much you invest per year, and how you allocate your portfolio) would have on your odds of success. During your post retirement time we analyse the best way to access your assets and ensure you do not outlive them.
Investment Plan
We thoroughly analyse your current portfolio, provide an extensive review of existing investments and help you develop investment objectives, write a detailed investment report based on your investment policy and preferred risk level, and design a portfolio of specific assets. During this process, we show you how to eliminate unnecessary risk, minimise taxes and expenses, and generate any currently needed income.
Estate Plan
We design a plan to achieve your estate planning objectives, such as minimising estate taxes while ensuring that your estate will be distributed according to your wishes. We ensure that all the necessary estate planning documents (wills, beneficiary designations, trusts, powers of attorney, etc.) are present and in order. We also review any current liquidity or business succession plans and make recommendations as appropriate. We can provide counselling, guidance and/or resources for you.
We want our clients to know that they can call on us with any and all of their financial concerns. Clients are encouraged to call us when they have a major life event, such as a new job, a baby, a marriage or divorce, or if they are planning to buy a new home or start their own business.