Relationships
Our firm is built on the principle of honoring client relationships. It is simply more rewarding for us to get to know you in a meaningful way than it is to add more clients. Additionally, because our firm is built on referrals, we must ensure that everything we do communicates the value we place on your relationship. Our annual planning meetings and financial updates provide us with the opportunity to grow these relationships. The trust that naturally develops over time can be exercised to better help you reach your financial goals. Because of this principle, we prefer to meet with you in person. In some cases, a zoom or phone call makes more sense. Regardless of the form of communication, these meetings are critical to build the trust we need to best manage your portfolio.
Tune-up
Like a car, your investment portfolio needs regular “once overs” to metaphorically change the oil and filters. Updating your financial performance at an annual planning meeting or financial update also gives us the opportunity to check your allocation, review your portfolio and financial goals. We have found that minor tweaks to our recommended asset allocation can make a significant difference over time. We also ensure that any liquidity needs are reviewed and sources for that liquidity are identified.
Thorough Checkup
Like an annual physical for your body, your financial life needs a complete annual review. These meetings provide us with the opportunity for a checklist that our firm completes to achieve this goal. Our process requires us to review the documents we are storing for you. We double check your beneficiaries, review your required minimum distributions (if applicable) and analyze any systematic investments and redemptions you may have. We also review annuities for income guarantees that might require action. In short, these meetings force us to regularly check your entire financial picture to ensure it is on track to meet your goals.
So, the next time we call to schedule an annual planning meeting or financial update, remember that it shows we care about your financial success. These meetings ensure we are all on the same page.
- Doug Lagerstrom
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