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Our Process – Money Management at Wellth

Asset Stewardship & Fiduciary Duty

Meeting with a financial advisor for the first time can be intimidating. You might feel some sense of inexperience or intimidation not knowing financial markets or other industry lingo and jargon. We all started in the business with those same feelings and can relate. I will speak in plain English to you and breakdown more complex concepts into simple concepts and simple language. It is important that you understand the recommendations I give and how they fit your overall plan and long-term goals.

The Process

First, we interview to Identify the reason you are seeking guidance or help and what you are looking to accomplish. This discussion will encumber many important aspects of your life and livelihood as well as your most important financial goals. This will also extend into a deeper discussion on risk in its variant forms, your prior investment experience(s), and other pertinent themes such as legacy outlook, meaningful tax considerations, budgeting and liquidity needs.

Second, we Organize & Formalize. We will corral all necessary and relevant financial documents which will lead to further structuring and definition. There is often deeper analysis in this step; growth projections, income forecasting & related pro forma reports may all assist in the process. By the conclusion of this step a mosaic should form and a clearer strategic outlook.

Third, we Implement. At this point all relevant financial documents have been reviewed and any supplemental reports/projections have been run, reviewed, and agreed upon. At this stage we tighten ranks on investment selection, asset allocation and our due diligence on the most suitable financial vehicles or mix thereof to employ. The goal is to give you the greatest probability of success at achieving your goal(s) congruent to your time horizon & risk profile.

The Fourth step is Monitoring your assets and plan. This is never a set it and forget it process. The world is always in flux politically and financially. Financial markets have always been cyclical, but each market cycle is different. Not all asset classes move in tandem with great predictability and there are factors that can affect each asset class in different ways. Sound diversification is always a paramount theme in our dialogue. Working to find ways to mitigate against market volatility and periods of meaningful market drawdowns will always be part of the discussion.

Each year we will discuss and review your plan to make sure it continues to meet its mandate(s) relative to the market period, environ, and outlook. We will make a deliberate choice to stay the course or adjust the sails if & when needed.

Source: Prudent-Practices-Quadrants Fi360

Investments in securities do not offer a fix rate of return. Principal, yield and/or share price will fluctuate with changes in market conditions and, when sold or redeemed, you may receive more or less than originally invested.  No system or financial planning strategy can guarantee future results.