"Buy a stock the way you would buy a house. Understand and like it such that you'd be content to own it in the absence of any market." - Warren Buffet
Our team designs a personalized plan that puts all of the pieces together that impact your financial life. We work to translate your vision for the future into an actionable plan to address your current and future financial, lifestyle, and gifting needs. The result is an organized plan that addresses what matters most to you. We craft and implement wealth building strategies around your short, intermediate and long-term goals.
Step 1. The objective of our first planning meeting is to review where you are now and where you’re headed, so we can map out a personalized blueprint for how you will reach your goals.
Helpful Envision® planning resources include:
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We work together to organize and bring clarity to your financial life. We talk about what we can control and identify areas where we need to focus. Based on your goals, dreams, values and financial circumstances, we draw on our deep experience and highly committed team to create a written Envision plan that details the savings and spending steps required to help achieve your goals.
Step 2. We share information about our team, review our key tenets, investment philosophy and answer any of your questions. Once we have discussed your plan and have had time to get to know each other, we determine if there is a good mutual fit for an ongoing advisory relationship. Next, we overlay investment strategies to help you reach your short, intermediate and long-term financial goals.
Step 3. Life is unpredictable. It has a way of throwing new opportunities and unexpected challenges our way. If your life changes, your Financial Life Plan offers the flexibility to adjust your investments and time horizons to changes in your life. We may facilitate communication and information among all other professional advisors you work with including attorneys and CPAs to ensure your plan is in sync with your life.
Step 4. Ongoing Communication. Planning is an ongoing process. We meet with you to review and adjust your Envision plan, so it stays up to date. By tracking your ongoing investment results against your Envision “Target Zone,” you should always be able to easily answer the question, “Am I on Track?”
IMPORTANT: The projections or other information generated by Envision regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time. Envision methodology: Based on accepted statistical methods, the Envision tool uses a simulation model to test your Ideal, Acceptable and Recommended Investment Plans. The simulation model uses assumptions about inflation, financial market returns and the relationships among these variables. These assumptions were derived from analysis of historical data. Using Monte Carlo simulation, the Envision tool simulates 1,000 different potential outcomes over a lifetime of investing varying historical risk, return, and correlation amongst the assets. Some of these scenarios will assume strong financial market returns, similar to the best periods of history for investors. Others will be similar to the worst periods in investing history. Most scenarios will fall somewhere in between. Elements of the Envision presentations and simulation results are under license from Wealthcare Capital Management LLC. ©2003-2020 Wealthcare Capital Management LLC. All Rights Reserved. Wealthcare Capital Management LLC is a separate entity and is not directly affiliated with Wells Fargo Advisors.
Assess you risk tolerance
Rebalance or reposition assets as needed
Retirement plan investments
Stock option grants or restricted stock
Adequate insurance protection
Management plan for incapacity/disability
Residential mortgage and home equity lines of credit
Securities-based lines of credit
Invest for children or grandchildren
Identify appropriate tax-advantaged investments
Types of ownership/Titling of assets
Identify tax-efficient portfolio strategies
Manage capital gains, losses, and alternative minimum tax (AMT) exposure
Discuss various charitable techniques
Review philanthropic strategies and values with the next generation
Consider personal objectives in the framework of business objectives
Discuss various risk mitigation techniques