Guidance for the big picture and finer details
The Wealth Management Formula
Wealth management = Investment consulting + Advanced planning + Relationship management
WORKING WITH A TEAM THAT REDEFINES WEALTH MANAGEMENT
Ask 10 people to define wealth management. Actually, ask 10 wealth managers to do so. You will almost certainly get 10 different answers, with most heavily focused on investing. As a client of Encore Wealth Management of Raymond James, however, you benefit from a cutting-edge team that has a clear and comprehensive vision of wealth management.
Investment consulting
- Asset allocation
- Portfolio management
- Manager due diligence
- Risk evaluation
- Performance analysis
Advanced planning
- Wealth enhancement, including cash flow management and tax-advantaged planning
- Wealth transfer
- Wealth preservation
- Charitable giving
Relationship management
- Scheduled calls, reviews and in-person meetings
- We can work with your team of professionals, including legal, tax, insurance and investment advisors.
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Wealth Management Formula
The Wealth Management Process
OUR CONSULTATIVE PROCESS
We approach each new engagement with our consultative process. This allows us to have an open dialogue in which we learn about every client’s values and goals while working with them to tailor a plan designed to help pursue their objectives. As a valued client, you will recognize the five steps below as the process you have experienced with us.
Full Client Experience
DISCOVERY MEETING > INVESTMENT PLAN MEETING > MUTUAL COMMITMENT MEETING > 45-DAY FOLLOW-UP MEETING > PROGRESS MEETINGS
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DISCOVERY MEETING
Complete discovery process
We learn about you and important things such as your goals, values, interests and relationships. We also take this opportunity to learn about any special financial issues or challenges you may have. We look at your current financial situation and begin to consider how to customize a plan for pursuing your objectives.
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INVESTMENT PLAN MEETING
Presentation of investment plan
We take what we have learned about you; where you are, and where you want to be. We assess your current financial picture and any gaps that may exist. Then we make recommendations that will help you meet your goals.
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MUTUAL COMMITMENT MEETING
Confirmation of commitment
If we have both determined there is a good fit and a comfort level for working together – and we are confident we can bring significant value to the relationship – the next step is to formalize our working relationship.
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45-DAY FOLLOW-UP MEETING
Organization of account paperwork
We make sure all your account paperwork is accounted for and in order. We verify all vital information and ensure that all time-sensitive documents are up to date. We walk you through our website, make sure you have online access, and answer any administrative questions you may have.
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REGULAR PROGRESS MEETINGS
Review of progress and implementation of advanced plan
We will meet with you to monitor the progress of your wealth management plan and discuss any changes in your personal life that may require making plan revisions to keep it aligned with your goals. We provide a comprehensive review of how your investments are performing relative to your goals.
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During the discovery meeting and investment plan meeting, we will diagnose your current situation and develop an investment policy statement that outlines your goals and investment objectives, as well as our strategies for pursuing them.
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During our 45-day follow-up meeting and regular progress meetings, we will conduct a comprehensive evaluation of your entire range of financial needs with our recommendations for moving forward.
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During our professional network meeting and as part of the advanced plan, we will engage a team of carefully selected professionals, each with broad knowledge and skill in key financial areas.
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As part of the advanced plan, our team of professionals applies its cumulative areas of expertise to evaluate all aspects of your financial situation and devise appropriate solutions.
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Wealth Management Process
