As an Investment Advisory with over 30 years of operating experience, we have identified five steps we follow to create a successful relationship with our clients. Using these interlocking processes to manage our client relationship, financial planning, asset allocation, economic monitoring and stock portfolio balancing. We are able to assist our clients in recognizing where they are now, where they want to be in the future and discuss the ever-evolving path to get there.
|#1 – Communication is Critical
Communication is the foundation of success. Our initial meeting will be spent discussing your current financial situation and your goals. We will then discuss how we can help you get there. Once you become a client, we will schedule regular meetings to review any changes in your life that may affect your financial path and to discuss your portfolio performance. In addition to our meetings, you will receive a quarterly performance report for your portfolio as well as periodic correspondence on topics of interest.
|# 2 – Your Financial Plan – A Long Term View
Creating a financial plan allows us to forecast your long-term financial health based on your current financial data. The Plan is then used as a road map to make changes where necessary to meet your long-term financial goals and ensure that the normal short-term market fluctuations do not distract us from that goal. The plan details longer term projections that help cope with the emotional short term roller coaster of markets. The plan projections provide an understanding that is helpful when we experience sharp stock market movements. The plan provides a holistic understanding that cushions our emotional concerns.
|# 3 – Asset Allocation
At LaSalle, we believe that a three to five year time horizon is necessary for positive investment results because the underlying principals driving change take that long to unfold. Based on your tolerance for risk and using your financial plan as a guide, we will formulate an investment strategy for you. This results in an Asset Allocation Plan that will utilize various investment vehicles including, but not limited to, individual stocks, exchange-traded funds (ETF’s) and mutual funds. Once we agree on your Asset Allocation, the plan will then be implemented. Your accounts will be monitored regularly and adjusted as needed to keep them in line with your allocation plan. During our regular meetings, we will review your asset allocation with you to ensure that it is still in line with your Financial Plan and changes will be made as needed.
|# 4 – Using Economics to Direct Investment Strategy
Individual purchases account for 70% of the economy and the balance is government and corporate spending. So, in fact, we can assess the economy if we have comparative information. We retain an economist who provides monthly reports on the health of our economy.
|# 5 – Using Fundamental Accounting Tools to Choose Stocks for the Portfolio
A typical stock portfolio consists of 16-20 different companies. The holdings are equally weighted. The buy or sell decisions are based on data received from independent research services.
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