Fiducia Wealth Management Procedure For New Clients
Procedure for Becoming a Client of Fiducia Wealth Management
- The client starts by contacting Fiducia Wealth Management and speaking with an advisor. It is essential for the investment advisor to provide an overall strategy considering the financial state of the prospective client and to communicate what information the investment advisor would need in their first meeting. Documentation, the investment advisor, will request to be sent include any statements of investments, life insurance, mortgage information, budget, long-term care, list of liabilities, assets, and other important information that the investment advisor thinks are important.
- Secondly, the advisor will review your information and set up a discovery. During this meeting, your current financial state will be discussed. The investment advisor will determine your financial objectives and goals. A vital factor of this meeting will be to get an idea of what type of investor the prospective client is when it comes to risk. The investment advisor will review the benefits of a financial plan and if a financial plan is needed. Often, a prospective client will not require a financial plan as their finances may be managed well, and they need help with the investment part.
- The third step will be for the investment advisor to present various options that the prospective client can reach their financial objectives and goals. This may be accomplished by changing their investments to saving more or paying off their liabilities.
- The fourth step would include becoming a client and implementing the financial plan and/or the Investment portfolio.
- Once a client, the last and ongoing step would be to review your financial situation and modify it as life changes courses.