1. Initial no-cost, no-obligation meeting
We learn about your individual goals and circumstances, including income needs, restrictions, current holdings, and what will be held in your portfolio. We will clearly explain the services that we are able to provide you with and how they fit into our fee structure. All responsibilities for both parties will be clearly defined, should we both decide to formalize the relationship.
2. Gathering client data, including goals
We will define your personal and financial goals, understand your time frame for results, and discuss how you feel about risk. We accomplish this through conversation, questionnaires, and documents you provide us with. We will need to gather all the necessary documents before dispensing any advice.
3. Analyzing and evaluating your financial status
We will analyze your information to assess your current situation and determine what must be done to meet your goals. Depending on what services are agreed upon, this could include analyzing your investment portfolio, assets, liabilities, cash flow, current insurance coverage, investments, and/or tax strategies.
4. Developing and presenting financial planning recommendations
We will provide financial planning recommendations that address your goals, based on the information you provide. We will go over the recommendations with you so that you understand them, which will allow you to make informed decisions. We will also listen to your concerns and revise the recommendations as needed.
5. Implementing the financial planning recommendations
We will discuss and agree on how the recommendations will be carried out. We may carry out the recommendations ourselves or coordinate the whole process with you and other professionals (such as attorneys, accountants, or bankers). With the help of Webb Financial Group, investment assets will be held at a custodian at the recommendation of the advisor. At this point, specific products and securities will be purchased by us on your behalf.
6. Monitor and adjust
We discuss our ongoing relationship and how to monitor your progress toward your goals. We will report to you periodically to review your situation and adjust the recommendations, if needed, as your life changes. If there are any changes to your goals or risk tolerance, a new Advisory Agreement should be completed and signed.
7. Ongoing communication
Phone calls, emails, and meetings are conducted to keep you informed on the status of your account and the financial markets. This also helps to establish appropriate expectations. You should contact us if there are any changes to your personal or financial situations. Periodic reports will be sent out by the custodian to illustrate account activity and performance.