Comprehensive Wealth &
COMPREHENSIVE WEALTH MANAGEMENT
Most of our clients utilize our firm for a complete and comprehensive approach towards their goals and objectives. Partnering with us to not only build a comprehensive plan; taking into consideration tax planning, estate planning, investment planning and legacy planning, but also allowing us to serve as their independent investment adviser overseeing the allocation, management and ongoing care as an independent fiduciary.
Our process begins with a discovery meeting, in person or via Zoom, where we spend at least an hour to get to know one another. We find it of critical importance to make sure there is a potential fit early and that our methodology aligns with an individuals’ goals and objectives. In short, we want to make sure we are a fit for you and that you may be a fit for us.
During our one hour together, we determine the best path for the relationship. This may be pursuing our comprehensive planning process or simply making a few recommendations to assist you in your personal journey. Should you desire, or require, a comprehensive plan, we would then begin this customized process.
We follow fundamental investment strategies built on five key tenets.
1. Risk Tolerance
Everyone’s risk tolerance is different, and that tolerance dictates the course of their investment strategy.
The markets work in cycles, punctuated by significant and unexpected corrections. How much your portfolio participates in those cycles depends in large part on your risk tolerance. At Joule Financial, we strive to assist you in achieving your financial goals by looking to align your allocation with both your needs and your temperament.
2. Asset Allocation
One of the most basic, yet ignored, principals of successful investing is properly allocating investments among different asset classes. Asset allocation is commonly mistaken with diversification – but the two are quite different.
Asset allocation is the blend between fixed asset classes (e.g. bonds) and variable asset classes (e.g. stocks and real estate).
The categories of asset allocations are as follows:
Aggressive > Moderately > Balanced > Moderately Conservative > Conservative
With proper diversification or exposure to multiple asset classes, individuals can not only potentially improve results, but they may also reduce portfolio volatility.
At Joule Financial, we implement a rigorous process in selecting variable asset classes and determining what we believe is a prudent exposure to each. This allocation is diversified among variable asset classes like large and small capitalized domestic companies, international and emerging markets, as well as potential exposure to specific areas like gold.
Once the proper diversification is determined, it’s implemented in direct correlation to your agreed asset allocation level, informed by your risk tolerance.
Over time, the asset allocation and diversification of the portfolio will change. At different times, different asset classes will outperform others, so we believe it is important for a portfolio to be rebalanced in order to achieve the desired allocation.
Typically, on an annual basis, or more frequently if needed, Joule Financial rebalances each portfolio by calculating the current allocation and adjusting the exposure accordingly.
Entering into a relationship with an investment advisor should not be taken lightly, and the success of an investment strategy can only be determined after navigating a series of financial market cycles. Immediate success is not always the case. Prudent and disciplined investors can, however, significantly improve results if they remain patient and diligent.
Unfortunately, most advisors don’t have a proper plan in place. While the development of such a plan is crucial, allowing adequate time for this plan to work is also important.
One of the best ways to learn more about Joule Financial is to join our free e-mail list. Periodically we will send out an e-mail newsletter for you to learn more about what we’re thinking or doing for client portfolios. We will never sell your information nor solicit you through this e-mail. It is for informational purposes only.
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