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Services › Getting Started
We use a 5-Step Advisory Process to understand your situation, assess your needs and goals, design tailored solutions and ultimately implement and oversee each aspect of the plan. Our methodology is time-tested and thorough. It provides a solid foundation from which, together we reach the best investment strategy tailored to your specific circumstances. Steps include:
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Discovery
Not every client has all of his or her assets organized in one place much less integrated into one statement. The goal of discovery is to capture a global view of your financial situation. Working together we review current asset allocation, product selection and fees, condition of your portfolio and where possible holes may exist. Here is a typical list of the items you would pull together to begin step one of this process: brokerage statements (if applicable), significant bank statements, information on real estate holdings, life insurance information, college planning information, and information on other significant financial holdings (such as collectibles, etc.) Once all holdings are organized we begin Step 2 (Development) by running a powerful and sophisticated analysis using Envision™.
Development
Powerful tools deliver powerful results. Envision™ is a sophisticated statistical modeling program. Using proprietary algorithms Envision TM simulates 1,000 hypothetical market and economic scenarios, allowing you to see how different market environments would affect your financial plan. Not every firm has access to Envision™. We have made a bold commitment to leading edge technology in order to deliver meaningful results. Learn more about Envision™.
Taking all the information provided in Step 1 (Discovery), we go about the task of building your holistic financial profile. This allows us to run sophisticated market simulations and test how each portfolio component can be adjusted to arrive at the best possible recommendation. The Development phase culminates with the optimal calibration of your proposed portfolio.
Delivery and Discussion
At this stage we confirm assumptions determined during Discovery and explain the work performed during Development. We deliver a complete tailored plan that touches on your diverse concerns such as retirement, education, estate planning, tax shelters, and proper asset allocation. We contrast the integrated proposal to your existing allocation. Customarily the Envision™ simulations reveal significant insights such as the risk associated with a targeted retirement age, level of sustained funding during retirement, etc. Your advisor walks through discussion of each aspect of the plan and together you can begin to see how the process comes together around your specific requirements, ultimately arriving at the optimal composition of your financial plan.
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Implementation
Once authorized, we move forward with a timely execution of the solutions developed in your financial plan document. Our advisors benefit from strong relationships with top Private Money Managers as well as the Consulting Services Group. At RiverStone Wealth Management we bring all our partnerships and resources to bear to deliver the best possible implementation-- consolidating, simplifying and reallocating investments to fulfill your tailored plan requirements.
Monitor and Review
Good communication is crucial to maintaining an up-to-date financial plan. As life introduces changes your financial plan should adapt and adjust to accommodate them. RiverStone Wealth Management advisors work with you to set regular meetings and scheduled communications designed to monitor and review the performance of your portfolio. Periodically, time is set aside to reassess your goals, objectives and financial situation. Unexpected things happen in life. Remember that you can always contact your advisor to have an Envision™ simulation rerun to help predict how your plans might be affected.
Building relationships
Our firm is different, to its very core. While we deploy the most sophisticated software and tools to assist in building your financial plan, we do not build relationships that way. Through the years we have honed the process of client initiation and formulated five simple steps. After completing these essential steps we will have all the information necessary to create and manage a tailored investment strategy that takes into account information as broad as your risk tolerance or retirement objectives, and as specific as providing your 24-hour integrated account statement access codes or determining the dates of our regularly schedule reviews. We have a long-term perspective at RiverStone Wealth Management and a good understanding up front makes for a long and lasting relationship.
Your goals and dreams tailor our advice. You will notice that right away once you begin dealing with one of our advisors.
When combined with our people and products, our process let you create a customized plan based on your needs and situations. The end result? — A better customer experience because you are in charge of your future.
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