Our Process
Wealth Management at LDFwealth 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 pursue 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.
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.
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification and asset allocation do not protect against market risk. Rebalancing a portfolio may cause investors to incur tax liabilities and/or transaction costs and does not assure a profit or protect against a loss. LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.