It's all in the Process: 6 Steps to Wealth Management
Our custom Wealth Management approach is built with your personal investment and financial needs in mind whilst considering the changes inherent to various stages of your life. Our process, divided into six clear steps, is integral in getting to know you and your goals and in developing a strategy custom fit for you.
Step 1: Getting to Know You
The first and, arguably, our favourite step is getting to know you. What does getting to know you have to do with your financial wealth plan? Everything! Our custom Portfolio Approach is only possible if we know who we are customizing it for.
Step 2: Uncovering Your goals
If we don’t know where we are going how will we know when we arrive? Setting a goal and having a detailed understanding of what that looks like for you is the backbone of our Wealth Management practice. We will ask questions and listen so that we can specifically outline what you want to achieve. Some goals might focus around saving for retirement, purchasing a home, supporting your loved ones, or financing a new opportunity. We will talk about priorities and timelines and we will also discuss what current strategies are in place. We will get comfortable discussing and revisiting these goals often to confirm that our approach is still appropriate.
Step 3: Your Investment Strategy
Having a clear investment strategy allows us to stay within the parameters of what you want to achieve and how you want to achieve it. Using what we know about you and your goals, as gathered in steps 1 and 2, we will create a roadmap that defines your objectives, timelines, your income needs, your asset mix break down, specific security inclusions and exclusions, and a review plan.
Step 4: Your Custom Portfolio
After we have reviewed and agreed on your investment strategy, we will create a tailored-to-you portfolio. Our portfolios are carefully designed to provide you with what you need: income, growth, and/or preservation. RBC Dominion Securities is the leading Wealth Management firm in Canada which gives us access to today’s top analysts and specialists in their fields. We draw on this vast network of market research and investment knowledge to inform our investment strategies.
The outcome of step 4 is a Portfolio that has been designed with your direction. Recommendations are thoroughly thought out and appropriate for your specific goals, timeline, and risk tolerance.
Step 5: Portfolio Management
Your portfolio is monitored regularly to ensure that we are progressing as planned. We will set up portfolio review meetings with you at an appropriate cadence and be in contact on an as needed basis to recommend suitable changes to meet your goals. You will receive documentation including account statements, transaction receipts, and tax reports at regular intervals.
Step 6: Integrated Wealth Management
Wealth Management doesn’t stop once a Portfolio is in place, in fact, we believe that Wealth Management is a comprehensive approach that goes beyond investment advice and helps to secure your financial future. We provide our clients with a roadmap that helps navigate the complications in managing wealth by arming you with tools to protect your lifestyle, create a lasting legacy, support those you love now and into the future. Our clients are taken through a process that includes Will & Estate Consultation, Financial Planning, Insurance Reviews, Tax Strategies, and more.
