Our planning process
What do you really want to accomplish with your money? Do you have enough, not enough, or more than enough to accomplish what is important to you?Through Wells Fargo’s LifeSync® experience, we use our dynamic planning tool, eMoney, to align your assets to the jobs you want them to fulfill. After gaining a clear picture of your financial landscape, we use this information to help create a customized plan for you. With LifeSync, we work with you to make more informed decisions — big or small, simple or complex — through all stages of your financial journey. It’s advice for life. LifeSync enables us to collaborate with you to plan for known and unknown events, offer suggestions to help make the most of your money, and check in with you when your life circumstances change and your needs shift.
The Process
Together, we will follow a cyclical and ongoing process in your wealth management journey defined by these five steps.
Based on accepted statistical methods, eMoney uses a mathematical process used to implement complex statistical methods that chart the probability of certain financial outcomes at certain times in the future. This charting is accomplished by generating hundreds of possible economic scenarios that could affect the performance of your investments. Using Monte Carlo simulation this report uses up to 1000 scenarios to determine the probability of outcomes resulting from the asset allocation choices and underlying assumptions regarding rates of return and volatility of certain asset classes. Some of these scenarios will assume very favorable financial market returns, consistent with some of the best periods in investing history for investors. Some scenarios will conform to the worst periods in investing history. Most scenarios will fall somewhere in between.