Long-term, successful money management is derived through a customized portfolio reflecting your personal investment needs throughout the various stages of your life. Working in partnership with The Schor Wealth Management Group allows you to create this type of portfolio and achieve your financial goals.
There are four steps to the Portfolio Approach:
1) Understand your needs and goals.
Our first and most important job is to listen to you – to understand your needs and your dreams for the future. Whether saving for retirement or financing a business we can help you achieve these goals within your desired time-frame. In addition, we will consider your return expectations and tolerance for risk. This discovery process doesn’t end here – as time passes, and your situation changes, we will work with you to ensure that your investment strategy remains up to date.
2) Create your investment policy statement.
With an in-depth understanding of your personal situation, we are able to create your investment policy statement. This document provides the framework for the management of your financial assets. It clearly sets out your investment objectives, income needs, timeframes, asset mix guidelines, security selection criteria, and review process. Your investment policy statement helps keep your investment goals and preferences in clear focus. It also provides a benchmark for measuring the progress you’re making toward achieving your goals.
3) Build your custom-designed portfolio.
Once you have approved your investment policy statement, we structure and implement your personal portfolio. You will get advice from the best research teams around the world, and will build a diversified portfolio that conforms to the guidelines and direction you have set. This process means you will receive specific appropriate investment recommendations, and each recommendation will be clear and well thought-out.
4) Manage your portfolio.
The last step in the process is to monitor your progress toward your continued success. As your Investment Advisor, I will review your portfolio with you on a regular basis and recommend appropriate changes to keep to keep you on track. You will also receive detailed account statements, portfolio review statements, transaction updates, and tax reports.
