After the asset allocation is complete, we will meet again to review what we have accomplished. You will receive an Investment Policy Statement In simple English, it describes what we have done, why it was done and how all assets are allocated.
The ongoing process of monitoring the progress of your financial plan is as important as deciding to develop a plan. You must stick with your plan. It should be reviewed regularly to monitor its progress and determine if major life events necessitate changes. We will meet no less than annually for a thorough review of the plan’s progress. We will rebalance assets at least annually to maintain your portfolio's level of risk.
Once we have designed a portfolio that meets your needs, there is no need for you to continually monitor the market and daily economic events. In the monitoring phase, we monitor the plan’s annual progress, not the daily ups and downs of financial markets. These are meaningless fluctuations that obscure the benefits of having a well thought out plan.
From start to finish, the process will take four to six months to do correctly. In the end, most clients find the major benefits of this process are -
- Replacing the burden of the financial responsibilities of life with the peace of mind that comes from having an understandable financial plan.
- The confidence that comes from knowing that they are on their way to achieving their lifetime financial goals.