Wealth and Risk Management Process
This flow chart provides a high-level view of our disciplined and structured
approach to wealth and risk management.
Discover
& Listen
- Careful Objective listening
- Recognize YOUR Uniqueness
- Discover your goals, values, and objectives
- Assess your key needs and concerns
- Determine your risk profile/capacity
- Build a diagnostic of your situation
Develop
& Design
- Present Diagnostic of your current situation
- Discuss appropriate wealth management strategies
- Present your unique Investment Policy and Risk Management Statement
- Devise solutions for protecting assets and the mitigation of tax
Commitment
& Implementation
- Address your questions and concerns
- Agreement of your preferred level of services
- Complete initial paperwork
- Discuss long-term wealth and risk management plans
Monitor
& Manage
- Discuss progress and address any additional planning issues
- Complete any further paperwork
- Execute your Investment Policy and Risk Management Statement
- Daily monitoring of market conditions and your assets
Performance
& Review
- Periodic presentation of progress in relation to your goals / objectives
- Performance metrics in relation to key market benchmarks
- Organize your personal files and paperwork
- Monthly statements from asset custodian(s) - (Brokerage, Fund Company, Insurer, etc.)
Wealth and Risk Management is not about purchasing financial and insurance
products. It is about having the insight, knowledge, experience and skill
to fully understand an individual, family or corporate financial situation
and to then work out the best financial strategy to improve that situation.
The principles of sound Wealth and Risk Management are fairly boring by
nature. That is why it is so very difficult to adhere to them in an unwavering
disciplined manner. The most important of these principles is to have a
plan designed to provide the greatest probability of achieving long-term
financial goals.
Spencer Hawkins, CFP®, is securities licensed
through Southeast Investments N.C., Inc. a registered broker/dealer, member
FINRA / SIPC,
in the following states; OH, CA, FL, MI, NC. Securities business cannot
be transacted in other states until after the appropriate license is obtained.
Additionally, licenses for insurance and annuity business are held only
in the following states; OH, MI, FL. For further information, please review
Important
Disclaimer.
Certified Financial Planner Board of Standards Inc. owns the certification
marks CFP®, CERTIFIED FINANCIAL PLANNER™
and 
in the U.S., which it awards to individuals who successfully complete CFP
Board’s initial and ongoing certification requirements.
© 2004-2012 Hawkins Financial Services, All Rights Reserved
Columbus, Ohio
Phone: (614)488-2600