mission and commitment to you is explained in our Five-Step Path to
Success. We keep our client base small which allows us to guarantee
supreme customer service and ensure that we are always accessible to
THE LITMAN GROUP FIVE-STEP PATH TO SUCCESS
The key to success in wealth planning is to ensure that it reflects all changes in your personal circumstances.
#1 UNDERSTAND EACH OTHER
is essential to learn all about your time lines, wealth structure, risk
tolerance, income needs, long term dreams, and legacy plans. We
encourage you to consider your entire financial horizon so we make the
right financial decisions in context and remain focused on the road
ahead. We believe a clearly defined client/advisor relationship is
critical to long-term success. Early in our relationship, we ask you to
complete our Client Services Agreement, which outlines the benefits and
services you can expect from us and the commitments and disclosure we
can expect from you.
#2 CREATE YOUR DISCOVERY PROCESS DOCUMENT
Discovery Process Document defines your unique circumstances today and
plans for your financial future. It will outline risk parameters, income
needs, your tax, estate and insurance circumstances and the levels of
service and communication you can expect from us. The Discovery Process
Document is essentially created in partnership with you and evolves as
your life and objectives do.
#3 IMPLEMENT THE PLAN
on your Discovery Process Document, we will ascertain the optimal asset
allocation and determine the best investment structure, managers and
strategies for you. This process is finalized with you prior to setting
the plan in action, and we will ensure you are fully educated about all
aspects before its execution.
#4 STUDY AND MONITOR THE PLAN
investments will continually be monitored rebalanced when necessary. We
spend a great deal of time seeking and evaluating superior investment
solutions, analyzing history, expectations, tax efficiencies, fees, and
#5 REPORT AND COMMUNICATE
and accessibility are vital to a successful relationship. In addition
to regular communication, we meet with you quarterly or semi-annually to
review your investments and ensure that we remain informed about any
changes in your personal and/or business circumstances. A performance
update will be prepared with a frequency and format that matches your
needs. Our fee-based program provides quarterly and customized
reporting. We also provide the monthly statement that BMO Nesbitt Burns
generates and a progress reports will be provided to you every quarter.
An added benefit to this regular quarterly progress report is a realized
gain and loss statement at the end of each year for tax purposes.