Our Process
Empowering Wealth, Enriching Lives One Relationship at a Time
When you become partnered with Arc Private Wealth, you have the expertise of a team of veteran financial professionals working on your behalf.
Our relationship follows a five-step journey:
1. Initial Consultation and Discovery Meeting
Objective: To understand your financial goals, risk tolerance/capacity, and current financial situation.
- Schedule a face-to-face meeting or virtual consultation.
- Discuss your financial objectives, timelines, and expectations.
- Gather comprehensive financial information, including income, expenses, assets, liabilities, and existing investment portfolios.
- Conduct a risk tolerance assessment to gauge your comfort level with investment risks.
2. Personalized Financial Plan Development
Objective:
Create a tailored financial plan that aligns with your goals and risk tolerance.
- Analyze the collected financial data and risk assessment results.
- Develop a comprehensive financial plan that includes investment strategies, retirement planning, tax optimization, and estate planning.
- Use financial planning software to model various scenarios and projections.
- Prepare a detailed written plan for client review.
3. Plan Presentation and Review
Objective:
Presentation of the financial plan and ensure you understand and are comfortable with the proposed strategies.
- Schedule a follow-up meeting to present the financial plan.
- Explain the rationale behind each recommendation and how it aligns with your goals.
- Discuss any potential risks and benefits associated with the proposed strategies.
- Address any questions or concerns you may have.
- Make adjustments to the plan based on your feedback.
4. Implementation of the Financial Plan
Objective: Execute the approved financial plan by setting up accounts and initiating investments.
- Assist you in opening necessary accounts (e.g., brokerage, retirement, savings).
- Facilitate the transfer of assets and funds from existing accounts.
- Execute the investment strategies as outlined in the financial plan.
- Coordinate with other professionals (e.g., tax advisors, estate planners) as needed to implement specific strategies.
5. Ongoing Monitoring and Review
Objective: Continuously monitor your financial plan and make adjustments as needed.
- Set up regular review meetings (e.g., quarterly, semi-annually) to discuss portfolio performance and any life changes.
- Provide ongoing support and advice on financial decisions and market changes.
- Rebalance the investment portfolio as needed to maintain alignment with the your goals and risk tolerance.
- Keep you informed with regular updates and reports on your financial status and investment performance.
Your First 90 Days with Arc Private Wealth
Here’s what you can expect in the first 30, 60, and 90 days with our team.
First 30 Days
• Account Setup: All necessary accounts are opened, and initial funds are transferred.
• Online Portal: Assist with creating your online portal, along with instructions and training on how to use it.
• Initial Investments: First round of investments is executed according to the approved plan.
• Welcome Package: All clients will receive a welcome package with contact information, an overview of services, and a guide to understanding your statements.
Within first 60 Days
First Statement Review: Clients receive their first statement and have a meeting to review and understand it.
• Follow-Up Meeting: Schedule a follow-up meeting to discuss initial investments, address any questions, and make necessary adjustments.
• Progress Update: Provide an update on the performance of investments and any relevant market changes.
• Additional Services: Introduce additional services such as tax planning, insurance review, or estate planning if applicable.
Within first 90 Days
• Comprehensive Review: Conduct a comprehensive review meeting to assess the performance of the financial plan and make any necessary adjustments.
• Client Feedback: Solicit feedback from the client on the onboarding process and initial services to ensure satisfaction and address any concerns.
• Ongoing Monitoring: Establish a routine for regular check-ins and portfolio reviews, setting the stage for a long-term relationship.
• Enhanced Services: Discuss any additional services or adjustments to the plan based on the client’s evolving needs and goals.