Recommendations Report

Our primary job is to clarify complex information with carefully considered professional opinions and advice. Since our purpose is to assist in comprehensive management of your financial affairs, we need a baseline place to start. The best way to start is through a written document we call a “Recommendations Report.” This project is also an important description of the context before our responsibilities as an investment advisor begin. Writing especially for you brings together our interpretation of the things you tell us and the documents you provide. We search for consistency and inconsistency. What are your greatest strengths for a secure life? What might undermine that security? Are your various resources arranged to complement each other? Or, do some offset the benefits you could receive from others? You have written information to decide whether we know you well enough to be your advisor.

Our Recommendations Report Guidelines list issues we consider as we write. Those that have relevance for you will be discussed in your report. They may be as broad as the ratio of your assets to liabilities or as minute as significant items of art and jewelry. Yes, we want to express our understanding of your connection to amenities in your life, within the same document that discusses our opinion of your investment portfolio and the instruments within it. We are as interested in a second home, or the desire for one, as we are in securities accounts. Ultimately, we want to help you understand how to balance these demands on your greatest resource – the ability to earn income.

The Recommendations Report is an independent service. It is intended to have substantial value in the ways it helps you understand your relationship with your wealth, as well as our recommended approaches to the issues we see – particularly the unique issues that brought you to us. It provides a foundation for us to discuss effectively and efficiently prioritizing whatever work needs to be done. A meeting to discuss your reactions to the report and clarify any remaining issues is an important part of the Recommendations Report service. We want to hear the ways you understand our written document, for clarity of two-way communication.

Sometimes this is enough. Not everyone needs an Ongoing Relationship. Through the years, there have been a significant number of cases where the Recommendations Report provided all the guidance the clients needed at the time. A few of those clients came back, even years later, when they did need more assistance. Click here for our Recommendations Report Guidelines.

The Recommendations Report has its own fee, which will be quoted in the initial meeting or a written proposal to follow. We use Guidelines for Recommendations Report Fees as a starting point and adjust for more or less perceived complexity. Once the engagement agreement is signed, you will know the exact cost to expect. We bare all risks that the work may require more of our resources than we expected.

Your Ongoing Relationship