Our relationship begins with an intro phone call. Once we’ve talked and agree that working with one another is in each other’s best interest, we take over. The process of Portfolio Management consists of two aspects: an initial expectations meeting and the management of your portfolio. This one-on-one meeting is used to determine your goals, set expectations, and start building your accounts. The actual Portfolio Management happens behind the scenes once we’ve taken control. You can rest assured that we are building and managing your accounts according to the goals established in your initial meeting. We take our fiduciary obligation to our clients very seriously and we are always working with their best interests in mind.
The first step after we take over is to look at your portfolio’s quality, through a fiduciary lens, to see if there is room for improvement within the underlying holdings. Using the data from your statements, we determine whether it can be improved upon. Here, we examine the numbers gleaned from our Data Gathering, Risk Tolerance, and the discussions we have during the Goal Setting meeting, ensuring that your portfolio risk is aligned with the goals you outlined.
RESEARCH & REGULATIONS
Listening to what the market and regulations are telling us allows us to rebuild the portfolio and purchase new assets. Based on your situation, this could mean a complete overhaul or making a few tactical moves if there are tax constraints. For example, we might need to tactically rebuild a portfolio over the course of several years if it contained a considerable amount of taxable gains. Because of the tax constraints, we would want to make small changes to your portfolio. However, if it is an IRA, major changes may be necessary.
TAX STRATEGIES
Considering the tax implications involved with your portfolio is an important step with a lasting impact on your ability to build wealth. Here, we will coordinate with your CPA to create and implement various tax strategies that fit your individual needs. These strategies are designed to limit your tax burden while creating opportunities to build wealth. However, there are many moments in your life that will impact your tax liability. Therefore, as these moments occur, and as your personal net worth increases these strategies will need to be revised to keep you on the path toward your financial goals.
MONITORING & REBALANCING
After the implementation phase, we will review your progress and adjust the data in the business valuation software packages. You will receive an updated appraisal on an annual basis. The updated numbers are then factored into your net worth statement. As we review the data, your advisor could suggest further adjustments. Because the business value growth process is constant and ongoing, many of our clients choose to repeat the cycle once they’ve completed it, refining even more.
REVIEW MEETINGS
These meetings allow you to review the progress of your portfolio, and understand how it is on track to reaching your goals. Additionally, we will verify that you’re able to access your accounts and are receiving your statements and newsletters. During these meetings, you will also have the opportunity to update your financial plan based on changes in your life.
Let’s Talk…
We would love to explain our portfolio management process in greater detail with you, answering any questions you may have with a complimentary, no-obligation consultation. Begin moving toward your financial goals by giving us a call 865-690-1155 or scheduling a meeting with our team.
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EVALUATION
RESEARCH & REGULATIONS
TAX STRATEGIES
MONITORING & REBALANCING
REVIEW MEETINGS
