Implement,
Monitor and Evaluate Investment
Management
We
develop an investment policy
statement for each client
that details their tolerance
for risk, liquidity needs,
time horizon, objectives
and procedures for investment
selection, monitoring and
replacement. The IPS will
serve as the guideline
for account management.
We will help clients establish
accounts through an independent
custodian and determine
which accounts should hold
fixed income versus equities.
Many clients have assets
that cannot be moved such
as retirement plans or
illiquid stock. We utilize
the best options within
their plan given their
overall portfolio and complement
those assets with other
investments.
The fixed income portion
is typically invested
in high quality individual
bonds of short and intermediate
maturities depending
on the level of interest
rates at the time of
purchase. The equity
portion is typically
invested in institutional
quality no-load mutual
funds and/or with a separate
account manager.
The goal is to develop
a portfolio with the
least amount of risk
given a client’s situation.
Portfolios are monitored
on an ongoing basis and
rebalanced to reflect
the target asset allocation.
Retirement
In
the case of retirement
planning, we will provide
counsel on the timing
of retirement and social
security, pension distribution
options and where income
should be taken first
to gain the most beneficial
tax treatment. Many times
account income distribution
decisions need to be
changed from year to
year as circumstances
change.
Estate Planning
In
the case of estate planning,
we review current estate
documents like wills and
trusts and determine how
the estate plan is structured.
In addition, we regularly
meet with clients and their
attorney (or make introductions
to estate planning attorneys)
to determine appropriate
planning techniques to meet
dispositive intent. We will
assist with titling of assets
and beneficiary designation
changes and make recommendations
as to additional action as
laws change.
Insurance
Planning
We
do not sell insurance – our
only motivation is to protect
the financial interests of
clients. When additional
coverage is needed we will
recommend an appropriate
amount and help clients obtain
coverage through independent
agents.
