Thereafter we proceed to this discussion: Do you have a current and financially sound Investment Policy Statement (“IPS”)? Is it designed to achieve stated objectives with respect to asset allocation, rebalancing, manager selection, governance policies and similar matters? Are your Investment Managers operating in a prudent, cost-efficient manner in accordance with your IPS? Are your Managers meeting or exceeding their benchmarks? Are their fees reasonable?
As we work through this discussion we suggest modifications to asset class selections and/or IPS’s as may be beneficial or necessary. In general, we find that most of our clients are managing their portfolios very well. Our dialog is always constructive, and never negative or critical. Our primary goal is to ensure that the client’s funding mechanisms are in sync with the client’s cash flow requirements. In addition, we provide the documentation that reflects that the client’s Board and management are properly discharging their fiduciary duties.
For Professional Service Providers, Growing Companies and their Owners: We create financial plans tailored to our client’s firm and associated individual goals and financial situations, evaluate the propriety of different forms of investments, evaluate the role that constructive debt can play in building the business, and evaluate the business operation to see if the business is running as efficiently as it might. Working with us takes considerably less time, effort and expense than you might expect.
For the business owner or professional service provider we work with your service providers who address compensation, profit distribution, deferral opportunities, tax laws, and asset protection to create a customized investment strategy to meet your long-term goals. Some of the questions we address include:
- How should I structure my cash flow to balance ongoing living expenses and taxes?
- How much do I need to save outside my company plans to make sure my lifestyle is protected when I retire?
- Are my investments being professionally managed and monitored?
- How do I monetize my practice at retirement?
Contact us. We’ll work collaboratively with you and your other advisors in an effort to optimally position your investment portfolios.
