This is the eight post in a series inspired by a Forbes Magazine article that listed a number of questions you should ask a financial advisor.
It’s good to know what makes your prospective financial advisor unique and it’s not an easy question to answer for many. For us, no single aspect of our value proposition makes us unique, but the combination of several key factors differentiates us from the crowd.
First of all, we assess our clients needs and develop a plan of action based upon the financial planning process. While many advisory firms employ this process, few have the background in psychology and over 30 years of experience to bring to the table. For those who meet our minimum standards for asset management, we provide such services at no additional cost, which is definitely unique to financial advisors.
The process for getting to know our clients in a close and personal way also separates us from the crowd. We model our client experience after the travelers’ experience at The Four Seasons. The Four Seasons Experience responds to each client by determining what is really important and providing a customized approach matching his or her unique goals, objectives, and dreams.
Finally, our investment process focuses on making investment decisions based upon risk rather than long term averages. While such an approach embraces the latest Nobel Prize winning research, most firms still adhere to the strategies and models developed in the 1950’s which employ fairly stagnant asset allocations.
While many advisory firms meet with clients on a fixed schedule that may or may not meet their clients needs for contact, we approach client meetings on an individual basis and encourage clients to meet with us on a schedule that meets their needs. We make sure we meet with clients at least twice a year and make every effort to meet our client’s need for contact, and approach meeting scheduling on an individual basis.
As we have mentioned in previous blogs, we bring a team approach to addressing the planning and investment process for our clients. This team approach allows us to leverage the skills of our firm as well as to bring the knowledge and skills of allied professions to the table.
We play the quarterback of this process, seeking to provide superior service coordinated to best serve the unique needs of each client relationship.
We aren’t a fit for everyone, and that’s why understanding the combination of strengths that makes us unique is important to ensure you are working with a financial advisor team that is a fit for you.
We’d be happy to discuss further. Just give us a call or email us with the form on the right.