“Life is what happens to us while we are making other plans.”
– Allen Saunders
Using a sophisticated wealth planning process, The Bass Foley Group helps to bring clarity, information and solutions to clients’ financial lives. The goal is to help clients make more informed and better financial decisions. As Private Wealth Financial Advisors, the team pulls together a client’s financial information and provides them with access to the solutions they need at the right moment in life.
Leveraging the team’s knowledge and experience, as well as tapping industry leading advice tools, technology and resources, The Bass Foley Group puts a comprehensive wealth plan in place and continues to track progress and adjust in order to help meet clients’ goals.
Step 1. Understand
Step 1. UnderstandDuring the initial meeting, the team asks about goals, needs, dreams and challenges. Through conversation, the team uncovers the details of the family’s financial life and helps get at the question, “What are the things we value most?”
Step 2. Plan
Step 2. PlanBefore a plan is developed, the team works to understand each family’s complete financial picture considering both sides of the balance sheet: assets and liabilities. This deep analytical approach and comprehensive evaluation includes understanding risk tolerance, priorities, retirement goals, risk management and insurance
Step 3. Propose and Implement
Step 3. Propose and ImplementThe next step is to present recommendations. Families receive an assessment of their financial picture and a comprehensive plan for the future. Clients always know the answer to, “What are my options and how do they play out?”
Step 4. Review
Step 4. ReviewTo help maximize the effectiveness of each family’s wealth plan, the team meets with family members to review and adjust the plan, so it properly reflects changes in family circumstances and market conditions. By charting progress and tracking results, clients are able to easily answer the question, “Am I still on track?”
Wells Fargo and Company and its Affiliates do not provide tax or legal advice. This communication cannot be relied upon to avoid tax penalties. Please consult your tax and legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.
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.