Wealth Creation & Preservation System
Our Wealth Creation and Preservation System begins with a conversation about what is important to YOU. Whether it's putting your children through school, paying your mortgage off, or revamping your investment portfolio to maximize returns, we can help. We are in the business of building lasting relationships with clients and getting to know as much as possible about YOU and your family. What we are not is a transactional based practice so if you are looking for someone to merely "place trades" for you we will gladly refer you to someone that would do this for you.
After clarifying your goals and current financial position we talk about your options and take this information back to create a customized plan for you. The plan can be comprehensive and include all areas such as investment/insurance/estate/budget/education/retirement planning or a simple retirement analysis to see if you are on track to retire according to your dreams or if changes need to be made along the way.
An equally important piece to this system is the Investmet Policy Statement. We find many people without these reports when everyone should have one. The IPS "investment policy statement" is your investing "guide" and outlines your personal risk tolerance, time frame for investing, potential risks, asset allocation, and expected rate of return over time. In times of distress like the great recession of 2008, an IPS is there to remind you of your objectives and expectations so that investors do not panic and do things they will regret later.
The final steps in our process are Implementation and Review & Refocus. Consistent monitoring of your plan is crucial to success because as we all know, our lives are ever changing. And as such, our goals, families, risk tolerances etc all change too. Another important reason to review a plan frequently (1-4 per year) is that assets allocations constantly fluctuate and without proper attention, can deviate significantly out of an investors "comfort zone".
At Team Nixon we have systems in place to constantly stay in contact with clients and review their plans and investments.
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