Wealth Management

STRONG INDUSTRY KNOWLEDGE

Our members have been selected for their strong industry knowledge, fee-only fiduciary services and good track record for client service and planning. While each member may have different specialty areas of practice, all have exceptional capabilities in the following areas.

INVESTMENT MANAGEMENT

Investment management is the astute management of investments over time to help achieve financial goals. It requires FWAC advisors to deeply understand their clients’ most important challenges and then to design an investment plan that takes their clients’ time horizons and tolerance for risk into account and that describes an approach that will maximize clients’ probability of achieving their goals. It also requires advisors to monitor both their clients’ portfolios and their financial lives over time so that they can make adjustments to the investment plan as needed.

RELATIONSHIP MANAGEMENT

Relationship management is the final element. True wealth managers, like the FWAC member firms are focused on building relationships within three groups. The first and most obvious group is their clients. To address their clients’ needs effectively, they must foster solid, trusted relationships with them. Second, wealth managers must manage a network of financial professionals—experts they can call in to address specific client needs. Finally, wealth managers must be able to work effectively with their clients’ other professional advisors, such as their attorneys and accountants.

COMPREHENSIVE FINANCIAL PLANNING

FWAC member firms share the belief that the only way to serve clients well is by going beyond investments to look at all the other aspects that are important to your financial life. While most advisors are now calling themselves wealth managers, very few financial advisors are actually providing these services. We break it into four parts: wealth enhancement, wealth protection, wealth transfer and charitable giving.

WEALTH ENHANCEMENT

Wealth enhancement is the process of using strategies to maximize the tax efficiency of current assets and cash flow, while achieving both growth and capital preservation goals.

WEALTH TRANSFER

Wealth transfer planning is the process of using strategies to legally structure the future disposition of current and protected assets effectively.

WEALTH PROTECTION

Asset protection planning is the process of employing legally acceptable concepts and strategies to ensure that a person’s wealth is not unjustly taken from him or her.

CHARITABLE GIVING

Charitable Giving Planning involves the process of using strategies to maximize the effectiveness of charitable intent.

True Wealth Management.

FWAC members are among the small percentage of financial advisory firms that actually provide true wealth management.

FWAC member firms share the belief that the only way to serve clients well is by going beyond investments to look at all the other aspects that are important to your financial life.