Wealth Management Process

All relationships must begin with an introduction.  You will get to know us as we get to know you – your values, concerns, priorities and objectives, as well as your current financial picture.  Do our philosophies and services align with your expectations?

Invest with a Plan™

We believe the path towards financial success begins with a plan.  Each plan must be comprehensive and customized to fit the circumstances, constraints and goals unique to you and your family.  And while the plan serves as the foundation for future decision-making and provides a rationale for investment direction, we understand that life happens and things change.  There is no fix it and forget it in our business.  Your plan will be monitored and amended as your situation changes and the world turns.

Financial Planning Meeting Process

 

client-experience-chart

1. Introduction Meeting:

  • Share information about yourself and your situation
  • Explanation of Brown & Tedstrom, Inc. process and services
  • Is this a good fit for both of us?

2.  Clarification & Fact Finding Meeting:

  • Prioritize goals, objectives and timelines
  • Assess risk tolerance
  • Determine your dangers, opportunities and strengths

3.  Analysis (internal meetings):

  • Analyze financial situation relative to goals
  • Identify strengths, shortfalls and opportunities of current circumstances
  • Prepare written comprehensive Wealth Plan

4.  Plan Presentation Meeting:

  • Present comprehensive Wealth Plan
  • Discuss projections of current situation and alternatives to improve your current plan
  • Examine various recommendations pertaining to retirement, investments, risk management, estate, philanthropy and risk management
  • Discuss recommended investment strategies including portfolio allocation, types of investments and account structure
  • Address questions or concerns
  • Develop a strategy & timeline for plan implementation

5.  Plan Implementation:

  • Open new accounts, initiate transfer of existing assets, and execute trades from agreed-upon investment strategy
  • Monitor & communicate about progress of implementation items
  • “House Call,” if necessary, to help establish online account access
  • Determine schedule for review meetings

6.  Ongoing Review Meetings:

  • Compare Wealth Plan goals and objectives to actual results
  • Discuss changes to your financial situation that could necessitate changes to your Wealth Plan
  • Revisit risk tolerance and adjust asset allocation accordingly 
  • Rebalance investment portfolio periodically and recommend modifications
Coordinate with other trusted advisors and specialists