|
East Coast Wealth Management, Inc. (ECWM) offers Investment Management Services, Comprehensive Financial Planning and Wealth Management Solutions.
Investment Management Services
As an independent Registered Investment Adviser, ECWM offers investment advisory services under a fee based arrangement where independent investment managers and model portfolios are selected based on objectives of the client, manager style, performance, reputation, financial strength and well-articulated investment philosophy, reporting, pricing and research.
Comprehensive Financial Planning and Total Wealth Management Solutions
ECWM believes that wealth management involves more than investment and capital management. The Firm strives to increase client net worth through the proper investment of portfolio assets, minimize taxes and concurrently protect client assets through proper risk management. The client relationship is viewed as centric and ECWM provides an evaluation of cash flows, taxable and non-taxable investment portfolios, educational and retirement funding requirements, current insurance coverage and income tax situations. Opportunities are identified and customized recommendations are prioritized and implemented to reach the client’s financial, risk management and lifestyle goals. Your plan may specifically address the following areas:
- Investment planning and selection, tracking of Independent Investment Managers and Separately Managed Accounts, Educational Planning and Funding
- Estate Planning and Wealth Transfer
- Risk Management solutions including life insurance, variable and fixed annuities, disability insurance and long-term care insurance
- Tax Planning, including preparation and ongoing monitoring of the client’s tax situation
At the discretion of ECWM, various elements of the Financial Planning Services may be provided to Wealth Management clients for no additional fee and without obligation to accept other services.
Hourly Consulting
Hourly Consulting services are also offered to provide customized client solutions.
Financial Planning Services through East Coast Wealth Management, Inc.
Registered Investment Adviser
© 2010 East Coast Wealth Management, Inc. All Rights Reserved
Company Investment Strategy
In depth interviews are conducted and the necessary documentation is obtained to determine the client’s risk tolerance and investment time horizon, goals and objectives. Utilizing an open architecture platform, portfolios are customized and independent investment managers are selected based upon the stated objectives of the client, as well as the investment managers’ style, performance, reputation, financial strength, reporting, pricing and research. The intended result is a professionally diversified portfolio with the appropriate time horizon that can deliver the highest after-tax returns for varying levels of risk.
Subsequent to portfolio establishment, performance versus target is tracked at periodic intervals selected by the client, which could be quarterly, semiannually or annually. This is conducted in order to ensure that the investment plan is on track to achieve the desired goals.
Financial Planning & Wealth Management Process
The financial planning process is a multi-step process designed to ensure a thorough and complete financial plan.
1. Initial meeting between Client and East Coast Wealth Management (ECWM)
During this initial meeting, which can be conducted via teleconference or in person, the client’s goals and objectives will be discussed and the services offered by East Coast Wealth Management, Inc. (ECWM). If the client decides to retain ECWM, a client questionnaire and risk tolerance calculation sheet will be given to the client for completion prior to the next meeting along with a Financial Planning Agreement, fee estimate for services and list of additional financial, insurance and other key documents needed to proceed with establishing the relationship.
2. Second meeting
During this meeting, the aforementioned key data is obtained from the client such as assets, liabilities cash flows, employee benefits, insurance, estate plan and other details pertinent to client’s financial position, individual goals and future objectives. Goals and specific priorities are examined in more depth along with the client questionnaire and investment risk tolerance calculation sheet and time horizon. Fifty percent of the retainer fee is due at this time.
3. Client Data Review and Analysis
ECWM will review and analyze the data and make a determination on the type of plan to be created based on information gathered and complexity of the Client’s situation.
4. Presentation and Implementation of Client Plan
The client plan is created using software and is presented addressing goals and objectives with supporting quantitative and narrative information and explained to the client in an easy to understand format. Specific recommendations will be addressed to the client who is under no obligation to utilize ECWM to implement such recommendations. At the end of this meeting, the balance of the client retainer is due.
5. Plan Monitoring and Adjustment
Review and ongoing monitoring or your portfolio and financial picture against your benchmarks and targets, including a review and possible modification of the asset allocation model and investment holdings as appropriate. Client meetings are held on an annual basis or more frequently based on plan complexity or as the client desires.
|