In order to further understand my clients’ needs and objectives, I conduct an extensive advisory process to find the investment plan that is right for them. My process is:
Step 1: Complete comprehensive overview of your current financial condition including current needs, asset allocation and time frames for events such as education, retirement and estate planning.
Step 2: Measure risk tolerance so that each recommendation positions the client’s assets to match their personal risk tolerance and time frame. For instance, the closer you are to a goal of retirement the more conservative your portfolio should be allocated. Adhering to this concept can prevent asset fluctuations that may delay your retirement plans.
Step 3: Allocate assets using LPL Financial research recommendations as well as current market condition information.
Step 4: Use fundamental analysis, two sources of technical analysis, LPL Financial Research, and the general media to monitor current market and economic conditions. Apply acquired information to client accounts by suggesting changes to asset classes or individual investments in an advantageous manner.