JWA provides comprehensive financial planning and investment advisory services. The following briefly outlines our process.

 

STEP 1: An initial complementary consultation is held to get a snapshot of your current financial situation. During this meeting, you and our team of financial advisors may establish expectations for the financial planning process and review compensation, services and disclosures. This “get-to-know-you meeting” also allows the you to ask questions concerning our firm, planning processes and investment philosophy.  During this meeting, our financial advisors will give you the opportunity to discuss financial goals and explore the expectations for a working relationship.  This meeting typically lasts 45 to 60 minutes. 

 

STEP 2: Once a relationship with JWA is initiated, we provide you with a Personal Financial Data Form which provides us the detailed information needed to develop a written financial plan with your goals and objectives in mind.  Our team will assist you in establishing realistic goals and quantizing measurable objectives for the implementation process.  This plan will include, at minimum, a Retirement Cash Flow Analysis and an Investment Policy Statement that will:

 

• determine your needs before and during retirement,
• determine assets, liabilities and cash flow,
• review current investments,
• establish time frames,
• anticipate changes in current/future lifestyle,
• define your level of risk, and
• select the asset class allocation to be used in your portfolio.

 

The average cost for this planning process is $2500. (Price could vary based on the complexity of your situation.) This is an all-inclusive planning fee. There are no additional hourly charges.

 

STEP 3: Once all the information has been gathered, the financial planning team will deliver your personalized financial plan in a “draft meeting.” This gives us an opportunity to refine the data and make any changes necessary. During this meeting, resources are compared to objectives, it may be necessary to modify the priority of objectives and available resources for the final implementation of the plan. Frequently, a schedule for implementing recommendations is developed and incorporated into the plan. The comprehensive plan is then presented to the client in writing.  In this step, it is critical to adequately address all data, objectives and implementation plans for investment management.  

 

STEP 4: Once you decide to have JWA advise you on your portfolio, our Client Service Team will provide a seamless implementation. Your investment account will be established with one of our custodians, Schwab Institutional, TD Ameritrade or Fidelity. (Funds are not held at JWA.) Nominal transaction fees are paid to the custodian. A flat annual percentage fee is charged by JWA based on the size of your portfolio. Account transfers and implementation generally take between ten days and four weeks. (A JWA Asset Management Agreement, which includes a fee schedule, is available for your review during your initial consultation or by request.)

 

STEP 5: Once your accounts arrive, your portfolio is transitioned into a super-diversified asset class model per your Investment Policy Statement. During this process, we are careful to consider taxable transactions and any surrender penalties which may exist in your current portfolio. We want the transition to be as tax-efficient and cost effective as possible. Moving forward, your portfolio is routinely monitored and reviewed to ensure it stays in alignment with your written financial plan. When necessary, your portfolio mix will be rebalanced to preserve your asset allocation and generate income when needed.

 

Once implementation is complete, we may meet for a 90-day review and for an annual evaluation.  Meetings with your advisor are determined by the complexity of your financial situation and timeline.  Phone meetings and online webinars are available to you if interested.  You will receive monthly statements for your accounts directly from your account custodian.

 

Take the first step and complete our consultation request. With this request, you will receive a complimentary copy of our book, Wealth Without Worry. This book describes our investing philosophy in detail and will answer any additional questions prior to your initial consultation with our advisors.