Please find below responses to some of the most frequently asked questions we receive. If you have any additional questions, we invite you to contact us. We value the opportunity to share more information about our firm.
Working with Us
Often, we encounter people who struggle with defining a clear vision of what they want their future to look like. They have some broad ideas about retiring at some point and living a certain lifestyle, but they have not thought through the details or started preparing in earnest.
Any well-planned journey starts with a vision of where one wants to go and the information about how one will get there. Your approach to your life journey should be no different. Our financial planning “Roadmap” process begins with discovery and visioning where we work with you to understand your current circumstances and then begin a visioning process to understand what you truly want to achieve.
This planning process provides you with clarity—about your goals and ambitions, what you need to do to achieve those goals, and what is possible. The result is peace of mind that you are on the right track to achieving your goals and that you have a process in place to continually monitor and measure your progress toward success and fulfillment.
Ultimately, you are coming to us for advice and guidance on your financial affairs. Our first step is to understand what you want to accomplish and why. The “why” is important because often we find that one’s initial goals are based on that person’s assumption of what is possible and not necessarily based on their circumstances.
Fully understanding who you are and what you want to accomplish is the start of the journey to fulfillment. We take that journey with our clients and take great satisfaction when they achieve what they set out to do or more. We have the technical tools and skills to help you in the analysis and the implementation of financial plans and investment strategies but more importantly, we have a commitment to help you define what a fulfilled life means to you and walk beside you in making it happen.
We communicate with clients regularly through our monthly newsletters, blog posts, quarterly performance reports, and whenever there is an opportunity for us to educate or connect our clients to resources, from market conditions or future trends. We strongly encourage and welcome our clients to reach out to us at any time with questions or concerns.
It is our mission to serve as an advocate and sounding board for each client, offering objective and ongoing support as you strive toward each milestone of your life’s journey. In addition to reviewing accounts directly with your advisor, you would also have access to our online client portal where you may check portfolio composition, transactions, and performance anytime.
We strongly believe in maintaining well-diversified portfolios. Diversification helps to manage portfolio risk effectively. We also believe in minimizing volatility and preserving capital for our clients. We embrace a disciplined approach to risk management.
Our focus is to generate excess returns for our clients through superior asset allocation and security selection. This involves choosing the right combination of securities, i.e., equity, fixed income, and alternative assets with the right characteristics, i.e., growth, value, sector, and market size — consistent with each client’s risk tolerance and return expectations.
As a Registered Investment Advisory (RIA) firm our investment choices are flexible and straightforward. Because of our considerable access to the broad investment universe, we invest in any combination of stocks, bonds, mutual funds, ETFs, or even private investments that we see as appropriate, given our clients’ situation and based on our research and assessment of market fundamentals.
As fiduciaries, our clients can be assured that whatever security is purchased in their account, we see it as having the highest rate of return for the acceptable level of risk while also being in their best interest.
WGCA has decades of experience addressing complex tax issues. We strive to provide strong after-tax returns, including optimization of asset location for our clients’ holdings and tax-loss harvesting trading strategies.
We do not consider tax consequences to be the primary driver of our investment decisions. Rather, opportunities to generate excess returns are given precedence over opportunities to minimize taxes. Ultimately, we strive to design, implement, and maintain a diversified portfolio that is consistent with each client’s financial situation, risk tolerance, and long-term goals.
Depending on individual client preference we usually meet with our clients at least 1-2 times a year, either in person, over the phone, or video conference. We call this annual check in process a “discovery meeting” and use the opportunity to discuss investment strategies and portfolio performance. More importantly, these annual meetings allow us to re-discover/ re-evaluate clients’ main financial worries, their ultimate financial goals, and other ways that we can provide peace of mind for our clients.
Specific Planning Topics
The goal of financial planning is to envision what a fulfilling life would look like for you and your family in the future and develop actionable steps for you to get there. This involves a comprehensive analysis of your current financial situation which includes areas such as cashflow management, investments, tax, estate, and insurance. From there, we can model how various actions such as savings rates, spending levels, investment allocations, or other major financial decisions affect the trajectory of your financial future.
These projections are what we refer to as a Financial Roadmap. It is a dynamic plan that provides a baseline which can be utilized to make informed decisions now and in the future. The beauty of the planning process is not that the plan guarantees any specific result, but rather helps you gain control over your overall financial situation.
There is an old Chinese proverb that says: “The best time to plant a tree was 20 years ago. The second-best time is now.” We look at planning for your retirement in the same manner. If you have not started to plan for your future, now is the best time to begin looking at your own personal situation.
Whether you just graduated from college, are in your mid-career, or at the tail end of your working years, there are steps that you can take to improve your financial situation. No matter what stage of life, planning topics such as cashflow management, asset allocation, tax planning, college planning, estate planning, and insurance planning are essential to achieve financial freedom.
The short answer is, “as soon as you can.” There is no one perfect way to save for college. Each family has different circumstances that can affect what the best strategy is for their specific child. There are many different vehicles, such as 529 savings accounts, UTMA accounts, or taxable savings accounts to begin saving in.
Ultimately, the best strategy is to begin saving early. Our experience shows that those who have successfully funded their child’s college expenses began early, saved on a consistent monthly basis, and effectively managed the funds in a tax efficient investment strategy that aligned with their child’s college timeline. College planning is an essential part of any financial plan and we would be happy to develop the most efficient strategy for you and your family.
If you have an additional question, please contact us using the form below and we will get back to you.