We take a holistic, solutions-based approach when developing and implementing each client’s unique wealth management plan. We utilize a systematic process for identifying each client’s financial needs, designing a customized solution to work to meet those needs, and we can meet to review your plan and progress as needed. Each step in our process is integral to the ultimate success of the wealth management plan we create for you. Below are the six steps in our process:
We call our first meeting with a potential client the “Fit” meeting.
This meeting is designed for us to get to know you and for you to get to know us.
The primary objective of this meeting is about both parties determining if they can work together, or in other words, Is there a potential “Fit?”
In this meeting, we spend time discovering the answer to the question: “What’s important to you?”
Once we determine there is a potential “Fit,” we set a second appointment to gather the necessary financial information in order to be able to create and recommend a wealth management plan.
We strive to discover your life goals and dreams as well as your financial objectives.
We seek to not only help you identify and articulate your goals, but also to prioritize those goals.
Our team reviews and analyzes all information from the discovery meeting.
Using the Wells Fargo planning software called Envision®, we input your goals and existing financial information and then perform a “stress test” to determine the probability of achieving those goals.
From the Envision analysis, we develop a specific wealth management plan which includes recommendations for an appropriate asset allocation mix as well as detailed investment strategies.
We meet to review the Envision analysis, lay out the wealth management plan proposal including how we are compensated.
Once we have agreed on the wealth management plan, we begin the process of implementation.
All necessary new accounts are opened and funded with cash and/or securities transferred from other financial institutions if applicable.
The specific investment strategy will then begin to be executed. This process may take several months depending on financial markets conditions and tax implications of transactions.
We can meet with clients to review progress toward reaching their goals and objectives.
Overall plan progress is evaluated and adjustments are made in this meeting as needed as financial markets change and important life events occur.
We schedule periodic meetings with each client to review plan progress, evaluate portfolio performance and asset allocation, and discuss specific investment strategies.
We make portfolio risk assessments based on historical performance and current market conditions.
We strive to stay in touch with our clients through frequent contact by phone and email.
Meet with you to review your wealth management plan.
IMPORTANT: The projections or other information generated by Envision regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.
•Envision® methodology: Based on accepted statistical methods, the Envision tool uses a simulation model to test your Ideal, Acceptable and Recommended Investment Plans. The simulation model uses assumptions about inflation, financial market returns and the relationships among these variables. These assumptions were derived from analysis of historical data. Using Monte Carlo simulation, the Envision tool simulates 1,000 different potential outcomes over a lifetime of investing varying historical risk, return, and correlation amongst the assets. Some of these scenarios will assume strong financial market returns, similar to the best periods of history for investors. Others will be similar to the worst periods in investing history. Most scenarios will fall somewhere in between. Elements of the Envision presentations and simulation results are under license from Wealthcare Capital Management LLC. © 2003-2021 Wealthcare Capital Management LLC. All Rights Reserved. Wealthcare Capital Management LLC is a separate entity and is not directly affiliated with Wells Fargo Advisors.
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For parties residing outside of the U.S., this information is: (i) provided for informational purposes only, (ii) not and should not be construed in any manner as an offer to participate in any investment or to buy or sell any securities or related financial instruments, and (iii) not and should not be construed in any manner as a public offering of any financial services, securities or related financial instruments.
Products and services listed may not be available, or may have restrictions, depending on client country of residence.
Investment and Insurance Products Are:
Not Insured by the FDIC or any Federal Government Agency
Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested
Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN). Wells Fargo Advisors is the trade name used by Wells Fargo Clearing Services, LLC and WFAFN, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. Any other referenced entity is a separate entity from WFAFN.
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