Searching for the right financial advisor can be an unsettling experience. I take that anxiety out of the process. Here are the steps we take together before and after we do business to make sure it’s a good fit as we proceed. If you are interested, just connect with me.at any time for your free consultation.
1. Understanding Your Needs
Before we begin investing your money or preparing a financial plan, I need to learn about you. I need to understand your goals and objectives. Most other firms use a “template questionnaire” to determine what your risk and goals are. My belief is that you don’t learn what you need from somebody by asking them to fill out a form. You have to have multiple discussions to truly uncover what that person’s beliefs and goals are.
2. Proposal Stage – Custom Tailored Approach
Each of my clients has a unique financial plan. After spending time with you, I will implement a portfolio that matches your investment needs and experiences as well your tax situation. Then, I will develop your own personalized financial plan. I will review the plan with you to ensure that we cover every aspect of your financial needs. I encourage my clients to become engaged in the process and to ask as many questions as they need to so they feel comfortable with the investment strategy and financial plan. Remember, I serve as your guide to making the right financial decisions. Don’t be afraid to ask questions.
3. Account Set Up – We Handle All The Paperwork For You
We’ll take care of the paperwork. Your investment accounts will be opened at TD Ameritrade and my firm, Wealth Resources Group will be designated as your Advisor. Wealth Resources Group does not take custody of client assets. My firm simply advises on your accounts, places trades and requests changes on your behalf. You always get written notification of any changes to the account.
My staff will prepare all paperwork necessary to open and transfer your accounts. All you will have to do is review the documents to ensure their accuracy and sign the forms. Once the account(s) is open at TD Ameritrade you will begin to receive account statements and trade confirmations directly from TD Ameritrade.
4. Account Transfers – How This Works
If you have accounts at other custodians or banks, my staff will transfer these accounts to TD Ameritrade so they can become part of your comprehensive investment plan. Depending on the assets you own inside of your account(s) we will either move the existing positions or liquidate them so these can move inside your new account(s). Other accounts such as your 401K plan at your current employer may remain at current custodian but will become part of the overall investment strategy.
All account transfers will be done taking into consideration tax consequences and trading costs. You will be informed of all fees and costs prior to transferring any account.
5. Implement The Strategy
Once my firm is assigned to your account(s) as your Advisor we will begin implementing your new investment strategy. All the information I gathered from our initial meeting will be translated into an actual investment plan, also known as an Investment Policy Statement, that will include the types of investments you’ll own and in what types of accounts.
6. Account Reporting – Portfolio Performance
Every month you will receive hard copy statements from TD Ameritrade. This monthly report contains cost and performance information in addition to all the positions held in your account. It also includes details of any and all transactions that occurred in your account.
My firm sends out quarterly performance reports containing actual performance and index measurement.
My staff will call you to make sure you understand the details of your account. You are always welcome to come in to the office and sit with me to go over your statements at any time or to discuss any other financial matter — free of charge.
7. Account Reviews – An Ongoing Process
It’s important to review your account to ensure that your objectives, financial situation and other factors have not changed. While you may contact me on a regular basis to ask questions or review your account, I recommend a full review of your account at least once a year. This involves reviewing all the original information you submitted at the initial engagement meeting to make sure nothing has changed.
Have Questions? connect with me.
The first step to becoming a client is to meet with me . Submit your connect with me.. I look forward to speaking with you and learning about your objectives. There is no obligation. It’s just a way to find out how I may be able to assist you. Contact me today to inquire more .