STEP 2:
Once a relationship with JWA is initiated, we will ask you to complete a Personal Financial Data Form which provides us the detailed information needed to develop a retirement lifestyle plan with your goals and objectives in mind. Our team will assist you in establishing realistic goals, as well as plan for potential risks that could jeopardize your financial success. This plan will include, at minimum:
Assessing your Personal Finances,
Recommendations for Managing your Wealth,
Mapping your Retirement,
Planning for Tax Changes,
Strategies for Protecting your Family, and
Coaching towards Realizing your Significance
Your initial investment in this planning process is $2500. (Once we begin managing your investment portfolio, the full financial planning fee will be deducted from your asset management fee until fully credited back to you. There is no additional charge for ongoing financial planning, as it is included in our wealth management service.)
STEP 3:
Once all the information has been gathered, the financial planning team will deliver your personalized financial plan in a “draft meeting.” This gives us an opportunity to refine the data and make any changes necessary. During this meeting, resources are compared to objectives, it may be necessary to modify the priority of objectives and available resources for the final implementation of the plan. Frequently, a schedule for implementing recommendations is developed and incorporated into the plan. The retirement lifestyle plan is then presented to the client in writing. In this step, it is critical to adequately address all data, objectives and implementation plans for investment management.
STEP 4:
Once you decide to have JWA advise you on your portfolio, our Client Service Team will provide a seamless implementation. Your investment account will be established with one of our custodians, Schwab Institutional, TD Ameritrade or Fidelity. (Funds are not held at JWA.) Nominal transaction fees are paid to the custodian. An annual percentage fee is charged by JWA based on the size of your portfolio. Account transfers and implementation generally take between ten days and four weeks. (Our JWA Wealth Management Agreement, which includes a fee schedule, is available for your review during your initial consultation or by request.)
STEP 5:
Once your accounts arrive, your portfolio is transitioned into a super-diversified asset class model per your Investment Policy Statement. During this process, we are careful to consider taxable transactions and any surrender penalties which may exist in your current portfolio. We want the transition to be as tax-efficient and cost effective as possible. Moving forward, your portfolio is routinely monitored and reviewed to ensure it stays in alignment with your written financial plan. When necessary, your portfolio mix will be rebalanced to preserve your asset allocation and generate income when needed.
Once implementation is complete, we may meet for a 90-day review and for an annual evaluation. Meetings with your advisor are determined by the complexity of your financial situation and timeline. You will receive monthly statements for your accounts directly from your account custodian.
Take the first step and complete our consultation request. With this request, you will receive a complimentary copy of our book, Wealth Without Worry. This book describes our investing philosophy in detail and will answer any additional questions prior to your initial consultation with our advisors.
