Step 1: Meet with a Legacy advisor to clarify your financial goals and dreams.
We ask thought provoking questions, such as...
Step 2: Develop a plan to reach your financial objectives.
Using sophisticated yet client-friendly planning software, we complete a thorough analysis to calculate the amount of capital needed to achieve your goals, the right amount of insurance to own, and how much excess wealth is available for your family and community legacy objectives. You may be surprised at what's possible!
Step 3: Identify your investment risk tolerance.
Rather than the typical risk questionnaire, we use an interactive Risk Assessment tool that allows you to see the direct tradeoffs between potential gains and losses for different model allocations and choose the level of risk that feels comfortable.
Step 4: Select your preferred Strategic Asset Allocation Model.
Using thousands of randomly generated market scenarios, we stress test your plan to identify which asset allocation model recommended by the Raymond James Investment Strategy Committee provides the greatest Probability of Success for achieving your goals given your unique circumstances and resources.
Step 5: Identify highly rated funds to be used in your allocation.
Using Morningstar® data, we screen the 100+ funds on the Raymond James Mutual Fund Research Department's Highly Recommended Funds list and suggest which to use for the model allocation you've selected.
Step 6: Implement the plan.
After identifying investment vehicles that fit your tax and liquidity needs, we construct a diversified portfolio which matches the model allocation you selected. We also help you acquire necessary insurance coverages, and work with your attorney to develop a wealth transfer plan that directs your assets to the individuals, causes, and organizations which reflect your deepest held beliefs and values. An important and often overlooked aspect of this planning is to re-title your assets and update beneficiary designations to properly coordinate with your estate documents.
Step 7: Monitor the progress of your plan and make adjustments.
Once a year we meet to review your account performance, update your financial plan to reflect any changes in your goals or circumstances, and make any necessary allocation adjustments. We also touch base throughout the year to suggest allocation changes whenever we've identified better funds to use, or the Raymond James Investment Strategy Committee has revised their Strategic Asset Allocation Models in response to current market conditions.
