Wealth Management Process
Stifel's wealth management process consists of six steps that help get an overview of your current situation, choices available, and what must be done to pursue goals. The process involves gathering relevant financial information, determining your organization's goals, examining current financial status, and formulating a strategy or plan for how to work toward goals given the current situation and future plans.
Assess Your Financial Situation
- Take inventory of assets, including retirement plans
- Evaluate your income stream
Define Your Goals
- Buying a house
- Investing for college education
- Saving for retirement
Calculate Funds Needed
- Inflation
- Risk tolerance
Create a Portfolio to Address Your Investment Goals
- Allocate funds among appropriate investment categories
Monitor Portfolio
- Respond to changes in objectives
- Fundamental changes in portfolio (values)