Willow Grove Advisors 5 Steps to a Wealth Strategy
Step 1: Comprehensive Wealth Analysis
Understand client needs, goals, concerns, and dreams
- Review current assets, what kind of accounts they are held in and how they are invested.
- Review current estate plan, insurance, tax profile, multi-country considerations, cash flow needs and constraints.
- Conduct analysis of current investments.
Step 2: Design Wealth Strategy
Create a wealth strategy that includes:
- Return objective and risk tolerance
- Allocation parameters
- Values constraints
- Liquidity requirements and risk
- Tax considerations
- Legal constraints
- Unique circumstances
- Time table and action steps
Step 3: Propose Investment Allocation Alternatives
- Explain characteristics of taxable, retirement, and trust accounts
- Propose optimal asset allocation and implementation options
- Address long-term strategic and short term tactical adjustments in the context of the capital markets
Step 4: Implement Wealth Strategy
- Propose product structures and manager styles to maximize potential after-tax return
- Coordinate custody and brokerage services
- Create an Investment Policy Statement
- Assist in assembling a wealth management team, and coordinate with other professionals along a stated action plan and time table
Step 5: Rigorously Monitor and Supervise
- Monitor changes in personal circumstances
- Supervise ongoing investments
- Provide timely reports highlighting comparative performance
- Revise, re-balance, and make tactical adjustments, if necessary (return to Step 2)