The Six Steps for Making the Most of Your Wealth

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Step 1: Are we a mutual fit?

  • We kickoff our initial conversations and discovery phase by getting to know you and the people who are important in your life
  • We aim to understand and help develop your goals/objectives, time horizon, risk tolerance, and need for liquidity
  • We define the scope of our engagement, identify the types of services to be rendered, disclose all pertinent information, and determine our responsibilities in the process
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Step 2: Gather data

  • We gather all qualitative and quantitative financial and personal data
  • We comprehensively list all your assets and liabilities, and then take note of all your real estate investments, assets, retirement/pension plans, cash/bank statements, employer benefits, insurance policies, estate planning documents, and more
  • All of your information will be kept private and strictly confidential
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Step 3: Analyze data

  • Our team analyzes and evaluates all of the data, documents, and financial information we’ve gathered
  • Using sophisticated investment planning software programs, we determine strengths, weaknesses, opportunities, and threats in your current financial situation
  • We evaluate the viable options for achieving your established goals/objectives
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Step 4: Develop the plan

  • We present the plan recommendations and all available alternative options to you
  • We devise a formal Investment Policy Statement (IPS) and a Dynamic Asset Allocation
  • We identify and help develop strategies and solutions for tax planning and reduction, college education planning for children/grandchildren, insurance planning and risk management, retirement planning and benefits, charitable and philanthropic giving, and estate planning strategies
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Step 5: Implement the plan

  • We implement the recommendations of the plan by identifying and helping to select specific strategies, solutions, products, and services
  • In this stage, we will work closely with your other service providers and professionals, such as accountants/CPAs, lawyers, estate planners, etc.
  • We may look to scale into or out of individual investment holdings to help minimize taxes, as well as various market timing risks
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Step 6: Meet to review the plan

  • We will schedule a time to meet with you and review the plan to make sure you are on track to help reach your targeted goals and objectives
  • We’ll determine the significance of any changes in tax/estate laws, economic conditions, newly available investment techniques, or your personal financial/family situation
  • When appropriate, we will rebalance the portfolio within the acceptable tolerance bands
  • Our team will schedule future reviews with you and aggregate data to better understand the “big picture” for customized performance reporting and analytics

Investment and Insurance Products are:

  • Not Insured by the FDIC or Any Federal Government Agency
  • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
  • Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

This information is intended for use only by residents of (DE, FL, MA, NY). Securities-related services may not be provided to individuals residing in any state not listed above. Please consult with the FA as s/he may not be registered in all states.

For parties residing outside of the U.S., this information is: (i) provided for informational purposes only, (ii) not and should not be construed in any manner as an offer to participate in any investment or to buy or sell any securities or related financial instruments, and (iii) not and should not be construed in any manner as a public offering of any financial services, securities or related financial instruments. Products and services listed may not be available, or may have restrictions, depending on client country of residence.

Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN). Wells Fargo Advisors is the trade name used by Wells Fargo Clearing Services, LLC and WFAFN, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. Any other referenced entity is a separate entity from WFAFN.

Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.

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