JWA
provides comprehensive financial planning and investment advisory
services. The
following briefly outlines our process.
STEP 1: An initial complementary
consultation
is held to get a snapshot of your current financial situation. This
“get-to-know-you meeting” also allows you to ask questions concerning
our firm, planning processes and investment philosophy. This meeting
typically lasts 45 to 60 minutes.
STEP 2: Once a relationship
with JWA is initiated, we provide you with a Personal Financial Data Form which
provides us the detailed information needed to develop a written
financial plan with your goals and objectives in mind. This
plan will include, at minimum, a Retirement Cash Flow Analysis and an
Investment Policy Statement that will:
-
determine your needs before and during retirement,
-
establish a time frame,
-
define your level of risk, and
-
select the asset class allocation to be used in your portfolio.
The
average cost for this planning process is $2500. (Price could vary
based on the complexity of your situation.) This is an
all-inclusive planning fee. There are no additional hourly charges.
STEP 3:
We
deliver your personalized financial plan in a “draft meeting.” This
gives us an opportunity to refine the data and make any changes
necessary to create and deliver a plan that is useful for decision making.
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. A flat 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. (A JWA
Asset Management Agreement, which includes a fee schedule, is available
for your review upon 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 will meet for a 90-day review and then at
least once a year for an annual evaluation. You will receive monthly
statements for your accounts directly from your account custodian.
For specific information on our investment strategy and philosophy, read
the
President’s Message.
