As you consider engaging WMA for individual wealth management services, we invite you to get to know us. Contacting our office to set up a meeting is the first step. This discovery process is the most important part of financial planning. It allows us to understand you and your goals and maybe even uncover something you did not know about your relationship with money. During the discovery process, we will ask questions, but for the most part we will let you talk about what you would like to accomplish.
Once we have identified your specific goals we begin the process of preparing your financial plan. Each client’s portfolio is designed specifically for them. We don’t jam individuals into model A, B, or C. This allows us to customize the level of risk in client portfolios. In our view risk is as important a component of portfolio performance as return. This design process also assists in our efforts to maximize tax efficiency when possible.
After a financial plan is complete and agreed upon, it is time for the implementation of the recommendations. Quite often this allows for the consolidation of multiple accounts to a single custodian. This simplifies the record keeping process and provides clients more time to pursue their interests. Once the accounts are in place we will make the necessary changes to put your portfolio into action.
Since your needs and goals may change, we review and monitor your plan to identify any changes that may be needed to keep you on track. Every holding in a portfolio is under continuous review. The advisors at WMA perform extensive research, listen to conference calls, and attend conferences in an effort to better understand the fund managers we employ and the financial markets in general. Each client is assigned two advisors and every client is contacted quarterly with a full portfolio review.