Wealth management process: from discovery to a lifetime of dependability
Our team at the Werkman, Sawyer, Ladd, and Hulst Group believes in starting your wealth management experience with a discovery process––one that provides us with a thorough understanding of you and your family. We review your goals, values and interests as well as pertinent financial data. All in all, we consider where you want to go with your life, and the gaps that need to be addressed to get you there.
During this phase, we carefully consider the investment program you have in place identifying what may be working well and clarifying the areas that need improvement. Additionally, we disclose the total cost of our program, outlining all possible fees, stating them on a percentage and a dollar basis. Our analysis includes all tax implications and compares the total cost of our recommendations with the total cost of your present investment program.
From there, we present a diagnostic of your current situation and outline our recommendations for moving forward, which includes details of your customized investment plan.
At our Mutual Commitment Meeting, all your questions and concerns are addressed. Once we determine our relationship is mutually beneficial, paperwork is completed to engage our services and enter into a fee arrangement. We review a worksheet outlining the implementation steps and the documents necessary to open your accounts and transfer assets. You can monitor the changes through Baird OnLine, the secure internet website for clients of Baird Private Wealth Management.
By the Implementation Meeting, you’ll complete our new client orientation. This includes a review of the successful implementation of your investment plan, a clear explanation of all of the reporting that you receive from us, and you’ll meet the rest of our team so you are fully aware of all of the services we provide.
Effectively planning for your future is a marathon not a sprint. You can count on our team to run alongside you every step of the way. Through Wealth Management Meetings, a review is conducted on your investments and wealth management plan implementation, keeping the focus on achieving your goals.
As part of our lifetime of dependability, we roll in advanced planning and wealth management work with the goal of maximizing your wealth, minimizing the risks you might face, and managing the distribution of your assets.