Guidance
Ongoing communication and monitoring of a client’s investments and financial plan is crucial and offering our guidance along the way may include:
- Helping Clients control their emotions.
- Helping clients really know what they own.
- Performing due diligence on a wide variety of products.
- Overcoming client procrastination.
- Setting and re-setting realistic expectations.
- Explaining money and wealth to a family.
- Dealing with complexity.
- Minimizing paperwork.
- Assisting clients with a financial plan that can change with a car accident, a death, a birth, a marriage, a divorce, or myriad other things.
- Keeping clients “balanced, yet flexible” in response to constantly changing markets.
- Educating clients about opportunities and risks.
- Motivating clients to make difficult decisions.
- Talking through trade-offs.
- Allowing clients to review consequences under various scenarios- visualizing eventualities.
- Helping spouses align their expectations.
- Helping clients develop greater confidence in their financial affairs.
- Allow clients to admit that they don’t understand financial markets, and educating them accordingly.
- Staying current on industry trends so that they don’t have to.
- Vetting hundreds of investment and borrowing options and presenting a digestible set of recommendations.
- Helping business owners create wealth uncorrelated with their day-to-day business.
- Helping highly skilled professionals (lawyers, doctors, executives, business owners) enjoy liquidity earlier in their lives.
- Revealing the real fees and costs to financial products.
- Helping clients to know what they can comfortably spend. (Budgeting)