through every stage of life
You certainly do not need us to tell you that it is a complicated world out there when it comes to financial services and products being sold. What works for one person may be entirely wrong for another. Investment advice can be just as confusing, or more confusing, than the products being sold. At the Gwynedd Company, our Wealth Management practice takes an entirely different approach to planning, our focus is not selling product but providing our clients with real solutions.
Our primary focus is to offer advice to clients that help them to know their financial position better than ever before. We start with an assessment of each client’s current "financial house" in terms of income / expense, investments, and overall risk status. This is our "due diligence" as a professional advisor. After evaluating ones total financial picture, we identify areas for potential improvement in a plan that is put forth for each client's approval.
What does your tomorrow look like? This is a question we often ask our clients, referring to the amount of preparation they have put into securing their financial future, not a query to determine how accessible their calendar is tomorrow for a meeting.
Obviously there is a big difference in the answers provided, certainly considering the scope and gravity of the issues involved. In one case there is a good amount of ambiguity about what the future holds, dictating a more contemplative response, while in the other case a quick glance to the calendar will provide the appropriate answer immediately. Our role as a wealth manager is first to be asking the right questions, and second to assist our clients in securing the best answers that:
1) Build and Protect Assets
2) Balance Potential Risk and Return
3) Focus on the Long-Term
We believe this kind of disciplined approach to investing and true wealth management will produce desired results and help our clients maximize performance and minimize downside risk in the long term.
What does "Wealth Management" entail?
Here is a short list of the major aspects of the work we do for clients in this important area of personal finance.
1) Assessing Risk Tolerance and Investment Time Horizon
2) Developing Customized Asset Allocation Plans
3) Organizing Client Investment Portfolios
4) Helping Clients to Maximize Returns and Minimize Risks
5) Assisting with the Process of Focusing Investments Long-Term
6) Working with Accounting / Legal Advisors to Achieve Fiscal and Estate Goals
We bring our experience and reputation for doing the right thing to every wealth management assignment. The driving force behind our organization is a commitment to providing valuable services to our clients, which showcase our integrity and responsiveness. Our hope is that you will find our enthusiasm and confidence in the work that we do, of particular value to you.
So often a client's success can be accurately traced back to a beginning that included the establishment of a comprehensive Financial Plan. Financial success is often an interactive process, building on a foundation incrementally, in measured degrees. It is very important in our opinion that a new client know where they are currently, with regard to their fiscal situation, in order to properly launch in the direction of a new financial or wealth management goal. Financial Planning does this for a client.
What is Financial Planning?
We believe Financial Planning is a process whereby a client and an advisor work together to determine the fiscal condition that includes a review of the following information / data:
- Cash Flow (income and expenses)
- Assets (business and personal)
- Marital Status
- Planned Capital Expenditures
- Tax Bracket Analysis
- Estate Plan
- Investments (company sponsored and personal)
Also important to the Financial Planning "process" is the time spent organizing and assigning priority to information that is and will be used in decision making.
Here are some practical examples of Financial Planning assignments that are either collectively pursued or individually selected based upon client interest / need:
1) Analysis of income and expenses
2) Review of all insurance programs (life, medical, disability, etc)
3) Preparation of a personal balance sheet, income and cash flow statements
4) Assistance with Capital Budgeting (large purchase decision making)
5) Sounding board for general financial decisions
6) Investment options review (coordinated with wealth management assignments)
7) Tax efficiency analyses with a client's Accountant
8) Estate Planning support for your Legal Advisor
Our Financial Planning services are meant to be an ongoing / disciplined process that requires periodic updating, to maintain the validity of the decision making information. We are prepared to help our clients as much or as little as they desire. Since each assignment is customized to the specific needs of the client, the amount of time / effort required will be dictated by the client.