New Clients
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The first step in becoming a client with Retirement Planning Solutions is completing our confidential questionnaire shown below. This gives us the ability to effectively assess your current strategy. Our analysis will determine your asset allocation, historical performance, portfolio risk vs. return, tax efficiency, diversification and portfolio costs. We will also evaluate the effectiveness of your current portfolio in meeting your financial goals.
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The second step is to set up an initial meeting where we meet either in person, or on the phone. (Since we have clients in many parts of the country, phone meetings can be common). In this step, we show you key investment strategies which form an optimal and effective portfolio. Additionally, we review your Risk/Return characteristics to help you maximize your returns and minimize your investment risk.
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The third step is the transition stage where we help you consolidate your various investment accounts directly with our custodian. Since we never take possession of your funds, we establish a relationship with an outside custodian (Charles Schwab) to hold your assets. Charles Schwab will provide online access, generate monthly statements and provide year-end tax information. During this transfer process, we handle all the details and the paperwork to assure your assets are transferred properly and timely.
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The fourth step is the selection of the specific funds to be used in your new portfolio. With over ten thousand investment choices available to investors, we use only the very best investment opportunities, making sure that none of them ever charge you a commission. While we constantly research what’s new in the marketplace, we promise to always use those products that offer the best solutions for our clients.
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The fifth step is our ongoing supervision of your portfolio’s investments. With markets continuously changing, our constant review of your account is essential. One critical method we use is systematic rebalancing. This assures that you never become too over weighted or under weighted in any given asset class within your portfolio. This strategy facilitates us in helping you buy low and sell high. It also helps us to maximize your return and to minimize your investment risk.
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The final step is to make sure your portfolio remains on track as your life circumstances change. Your life is continually changing as are the tax laws. Each major phase of your life may require reassessing your overall investment strategy. This continuous oversight provides you the peace of mind knowing that your financial affairs have been properly integrated for both your life and into the next generation.