Wealth Management at Lee, Dougherty & Ferrara is an individualized ongoing process, not a predetermined formula. We help clients design portfolios which target specific investment objectives within their risk comfort zone. We achieve this result by accessing a broad range of financial strategies available through our global resources. Listed below are the five phases of our Wealth Management process.
STEP ONE: ESTABLISHING OBJECTIVES
First, we help you assess your goals based on your total financial picture. We then build a detailed financial profile using:
Your personal balance sheet.
Your current assets allocation.
Your tolerance for risk.
The time horizon associated with each of your goals.
Whether you are concerned mainly with building your wealth, preserving it or passing it on to others.
STEP TWO: EDUCATION
Second, we provide you with information to make an informed decision. This includes:
Discuss the risk/reward characteristics of different asset classes and their contribution to the overall portfolio asset allocation.
Ensure that you comprehend the next steps in the process.
STEP THREE: SETTING A STRATEGY
We then develop a comprehensive wealth management plan that identifies opportunities and determines your portfolio asset allocation strategy. This includes:
Reviewing fundamental investment principles against your goals.
Selecting appropriate asset classes and diversification strategies.
Choosing risk management strategies to help manage concentrated stock positions.
Determining performance benchmarks.
STEP FOUR: IMPLEMENTING STRATEGIES
Next, we help you select and implement these approaches according to your financial plan and asset allocation strategy. This includes:
Selection of investment products and managers.
Considering personal and charitable trusts.
Looking at lending strategies to improve cash flow.
STEP FIVE: REVIEWING PROGRESS
Market conditions, your personal situation and your goals will change over time. Portfolio review and rebalancing is an integral part of the wealth management process. This includes:
Monitoring portfolio performance and results to evaluate progress.
Reviewing objectives and adjusting strategies as needed.