Step 1: Assessment of Client Needs
During our initial consultations, our team will ask you a comprehensive series of questions to gain a clear understanding of your priorities and concerns. Often, this evaluation takes place over multiple conversations. These discussions—combined with diagnostic tools including a proprietary questionnaire—help us determine your:
- Return expectations
- Risk tolerance
- Time horizon
- Income needs
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- Accumulation goals
- Tax issues
- Legacy wishes
- Philanthropic needs
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Our team will then work to create an investment policy statement which will serve as a primary reference point to ensure that your objectives are clearly understood. We will review the policy statement with you on an ongoing basis, modifying it as necessary to accommodate changes in your long-term goals and objectives.
Step 2: Asset Allocations and Portfolio Construction
Guided by our discussions and the investment policy statement, we evaluate your goals within the broader context of market conditions and opportunities. From this, we develop a strategically managed portfolio solution. Depending on your circumstances and needs, this solution may include:
- Domestic stocks
- Domestic bonds
- International securities
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- Convertible securities
- Alternative investments for qualified investors
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Once established, each client’s portfolio benefits from our rigorous review and risk management. Periodic rebalancing aims to align portfolios with the changing markets and evolving client needs.
Step 3: Ongoing Communication and Review
Our clients receive detailed quarterly performance reports and monthly statements, as well as periodic review meetings and telephone conferences. In these meetings, we will discuss your investment objectives and guidelines, the performance and positioning of your portfolio, and our perspectives on the investment environment and markets. These meetings provide clients with an opportunity to give us feedback and to ask questions.