Before we open any account or recommend changes to a portfolio, we like to sit with clients to determine the current, prospective, and hoped-for financial situation; the goals. Important issues we like to bring up include:
- Education funding
- Cash Flow
- Wealth accumulation
- Tax minimization
- Estate planning
Additionally, we must obtain a clear idea of each client’s view on investments, especially expectations, previous experiences, and most critically the tolerance for risk. Some ideas to ponder include one’s views on:
- Income versus growth
- Avoiding losses versus beating inflation
- Comfort, or lack thereof, with international or small company exposure
Are current holdings risk appropriate?
Can current holdings achieve desired goals?
We can help provide the answers.