More about Phase I: Planning
The initial meeting involves examining four questions that will provide the main building blocks of your financial plan:
In the planning period after the initial meeting Ramsey & Associates focuses on three important components:
Once we have developed a strategy, we present our recommendations and our rationale in the presentation meeting This meeting and the understanding that emerges from it are critical to the long-term success of your financial plan. We discuss the various investment components of the portfolio and the purpose of each in the long-term plan. If you requested a Life Planning Projection we go through it in detail in this meeting before moving into the implementation phase.
- What is it you want to accomplish from working together?
- What are your financial goals?
- What are your dreams?
- When you look at your financial future, what do you want to make sure is accomplished?
In the planning period after the initial meeting Ramsey & Associates focuses on three important components:
- Asset allocation - one of the most important factors in the success of any investment strategy. We believe it is critical to strike a balance between the industry rule-of-thumb of diversification (for decreasing risk or volatility in a portfolio) and over-diversification, which can dilute the value of diversifying. The stability of returns and the balanced nature of the overall portfolio are equally vital.
- The careful selection and combining of asset managers - using the asset-allocation strategy as a roadmap. We choose either SMAs or no-load mutual funds according to your preference and the level of investment assets. These asset managers concentrate on the active management and monitoring of your assets within your established guidelines. With us as your partner, you are assured that your personal investment goals are embedded in a broad network of investment capabilities and expertise.
- Life Planning Projections - an optional service that generates a highly personalized projection based on your current situation and agreed-on assumptions for the future. Each projection models the likelihood of achieving your financial goals. The assumptions include scenarios involving everything from elementary school funding to retirement. See our Services page for more information about Life Planning Projections.
Once we have developed a strategy, we present our recommendations and our rationale in the presentation meeting This meeting and the understanding that emerges from it are critical to the long-term success of your financial plan. We discuss the various investment components of the portfolio and the purpose of each in the long-term plan. If you requested a Life Planning Projection we go through it in detail in this meeting before moving into the implementation phase.
