A small rudder can turn huge ships much like small financial decisions now can have a huge impact over a long-term investment. Regular assessment of the investment strategy and tactical financial adjustments are vital in achieving a long-term financial success.
The following outlines what you can expect throughout the life of our partnership.
At a minimum you can expect to interact with us at least once a quarter. It is likely that we will schedule a face-to-face meeting (assuming you live in the area) twice a year and conduct the other two meetings via WebEx or phone. In addition to reviewing your portfolio we will delve into one of the major financial topics listed below in depth.
It will take multiple quarterly meetings to cover your full financial picture. We believe proper education and understanding of your unique situation are essential to robust financial planning and implementation. A high-quality overall plan and strategy cannot be developed overnight; it must be crafted over time. We’ll start with the topics that are highest priority to you and after several quarterly meetings, we should have a comprehensive report that contains our full analysis and recommendations.
Topics covered during the review and analysis of your portfolio will be:
Please note that our primary role is to help you invest well so you can achieve your financial goals. However, there are several other things that are closely related to or have an effect on your finances, therefore we want to make sure you consider the full picture. That is why we will take this opportunity to discuss other topics that may be relevant to your situation such as:
As outlined on our fee structure page, there is no additional charge for either the quarterly checkpoints or the full reviews. We feel that regular, two-way communication with our clients is essential to success and is therefore integrated into our base fee structure.
Some of these things may require the services of other professionals, such as an estate lawyer or a Certified Public Accountant. In these cases, we will gladly make recommendations, but please recognize the actual implementation is outside the scope of our business.
Another vital component of your financial plan is insurance protection for you and your loved ones. Please see our insurance page for more details on this topic.
We are independent wealth managers and independent financial advisors. Some of us have finished the majority of the Certified Financial Planner(R) (CFP) curriculum. We are very excited to serve the Saint Paul, Minneapolis, and Rochester areas. We provide services for financial planning in retirement and and help managing lifestyle.
A conversation about insurance should be robust enough to fully understand not only implications from an unexpected cash flow change, but also from tax and estate planning perspective.
Understanding current financial picture
Understanding investment products
Understanding the current saving requirement to meet the future goals
The goal of the initial consultation is to make sure that everyone feels that a financial planning partnership will be mutually beneficial. Potential clients need enough information to be confident in our company’s ability to manage their money and we want to make sure we feel the services we provide will be advantageous to your situation.
You will not need to share any financial details at this first meeting. We will spend the time getting to know each other. However, it would be helpful for you to have in mind a rough total of your investable assets as well as the types of accounts/holdings in which you have them invested. For example, you may have $200,000 of investable assets currently split between savings accounts, CDs, and other brokerage accounts. That’s good enough for our first meeting.
You should also be prepared to give us a thumbnail sketch of your financial goals. This may be something like increasing your assets by a specific dollar amount or percentage by a certain date in the future. Or it may be that you wish to retire at a certain age and are looking for guidance to make sure you can do that confidently and comfortably. Or maybe your goal is to fund your kids’ college expenses.
The other thing you may want to consider before we meet is what questions you have for us. What do you want to know about us that would increase your confidence in our ability to manage your money?
If you’re ready to move forward, please go to the appointment scheduling page and choose a time slot that is convenient for you.
We are fee based financial planners and fee based financial advisor. Please contact us for your financial and investment planning needs.
We will set up a time to get together for our first investment strategy meeting where we will begin to discuss your financial plan.
Initial Introduction and Greeting
Understanding Unique Background and Story of Each Client
Understanding Client's Special Needs and Thoughts
For Clients to Know UAK Diversified and the Founder Better
Write Down Important Highlights and Exchange
Make High Level Plans