Financial Independents

Have achieved financial independence and want to maintain it

Our clients are often concerned that their varied investments are not being optimized to achieve the best result. Some of them have multiple investment accounts with multiple managers which makes this even more difficult. Genova can provide consolidated reporting of multiple investment plans (employer sponsored, personal accounts, family trusts, etc.) to manage and advise on individual portfolios.

The following is an illustration of how we can help those who have reached financial independence and want to maintain it

Mike and Laura are busy professionals who prefer to maintain multiple managers, but want a professional private office that can take care of them as well as monitor and report on their overall wealth. Here’s how we’re helping them with the Life Compass (click on the compass to learn more about each quadrant of the process).
 

The following is an illustration of how we can help those who have reached financial independence and want to maintain it

Mike and Laura are busy professionals who prefer to maintain multiple managers, but want a professional private office that can take care of them as well as monitor and report on their overall wealth. Here’s how we’re helping them with the Life Compass (scroll over the compass to learn more about each quadrant of the process).

DISCOVERY

Where Do You Want to Go?

When we met with Mike and Laura, a couple in their late 40s, we found out that they have both enjoyed successful careers with large firms and have multiple investment accounts both with their employers (pensions and employee share programs) and various financial institutions. They want to be in a position to retire in their mid-50s once their children have finished school. Mike and Laura’s broker is retiring soon and they want to establish another relationship, this time with an office that can provide more than just portfolio management.

MONITORING & REPORTING

Charting Your Progress

Mike and Laura receive regular monthly statements and quarterly they receive Genova’s portfolio review, providing them an update on their accounts. Annually we have a longer meeting to discuss the couple’s goals and give them an update on the progress of their consolidated assets.

PLANNING

How Will You Get There?

After getting to know Mike and Laura, Genova prepared a financial plan and designed a detailed quarterly reporting package that would include all of their various investment accounts and assets. Mike and Laura wanted a family office that could help them simplify their financial reporting and provide them with the tools to oversee all of their assets held with various investment managers.

IMPLEMENTATION

Making It Happen

Genova set up a portfolio of accounts and we prepare a quarterly report for Mike and Laura that updates them on their consolidated positions.