At 1650 Wealth Management, our investment methodology is based upon a disciplined approach to wealth management. We strive to assist our clients in avoiding emotional reactions that can result from the inevitable ups and downs of economic cycles during their lifetimes. Our thoughtful process creates an investment plan based on each client’s unique financial situation with a focus on achieving life goals for our clients and their families.
The 1650 Wealth Management Investment Process
Step 1: Establish and Define the Client-Advisor Relationship
We seek to understand what you want to accomplish by working with our firm. Typically, we work with busy executives, small business owners, dual income families, widowers, estate beneficiaries, and pre- and post-retirees who want to utilize our experience in constructing portfolios in order to free them to focus on work, retirement, and spending time with their family and friends.
Step 2: Gather Client Data and Determine Goals and Expectations
We want to learn about your short and long-term financial goals. We seek to understand your tolerance for risk, your stage in life, your experience with different types of investments and your short and long-term goals for your wealth. We gather information related to your financial balance sheet to form a complete picture of the starting point on your financial journey.
Step 3: Analyze and Evaluate the Clients’ Financial Situation
We analyze the current allocation of your wealth among your various accounts (IRA’s, 401k’s, brokerage accounts, etc.) to determine if you are over or underweight specific asset classes. We want to understand if your current portfolio is focused on growth or income, or a combination, and if the investments utilized are appropriate for accomplishing your goals and objectives.
Step 4: Develop and Present the Investment Recommendations and/or Alternatives
Once we fully understand your financial situation, we discuss the responses contained within your Risk Tolerance Questionnaire and discuss how we will allocate your assets. We are seeking to accomplish both your short and long-term goals and objectives while considering your unique financial situation and risk profile.
Step 5: Implement the Investment Recommendations
After further discussions related to your goals and objectives, we will build your portfolio by allocating among a variety of investments which include mutual funds, exchanged traded funds (ETF’s), and structured notes. We remain cognizant of your tax situation when investing your portfolio and will allocate tax inefficient investments to tax sheltered accounts and tax efficient investments to taxable accounts whenever possible.
Step 6: Monitor the Investment Recommendations
After your portfolio is invested, we will continue to monitor your assets on an ongoing basis and make adjustments as needed as we strive to stay on course with your goals and objectives. As your financial steward, we are focused on monitoring your assets as we work on guiding you towards both your short and long-term goals.