When we first meet with a client, we start by simply having a conversation to get to know them and learn about their goals. It may seem basic, but doing this actually helps us uncover the client’s initial financial planning needs.
Sometimes, these needs are among the most important issues that need addressing. For example, we recently met with a new client, and through our conversation about his profession and career, discovered that he held a high concentration of stock. This prompted us to pursue an asset allocation strategy first and foremost to reduce risk in his investment portfolio.
American business author, Michael LeBoeuf, once said, “The most important key to successful investing can be summed up in just two words—asset allocation.” As a financial advising team who works with many top-level executives with highly concentrated positions in their portfolios, we couldn’t agree more. A solid asset allocation strategy is foundational to your overall financial plan, and it’s of particular importance for corporate executives.
SCHEDULE A CONVERSATION