Portfolio Construction
Customized to Meet the Unique and Diverse Needs of Each Investor
Legacy Asset Management sits down with each new client and learns about their particular station in life, as well as their goals and expectations for tomorrow, before we begin to structure their most appropriate portfolio. Because no two investors are exactly alike, no two portfolios are exactly alike either. Legacy Asset Management manages client portfolios under the "similar, yet different" approach. Whether a separate account for a high net worth executive or a retirement portfolio within a company-sponsored 401(k), each is customized to meet the goals of the individual investors and their families.
- Some investors may be new college graduates looking to start investing for the first time.
- Others may have just sold a business and want to preserve the newfound wealth for retirement and beyond.
- Still others have a spouse and young kids and hope to provide for college education, while also keeping an eye on the twilight years.
Getting Started...
The initial step involves a "getting to know you" session. The meeting often starts with an in-depth dialogue about hopes and dreams for the future. Only by taking the time to understand these important aspects can we establish the proper program to help achieve them.
Constructing the Portfolio
Once we have a firm grasp of the investors' risk tolerance and goals, we figure out just how to get there. We come up with a risk/reward profile for each investor and share our research and market analysis about asset class valuation. We then design a diversified asset allocation based on their client-specific information.
Implementing the Plan
After the portfolio has been designed on paper, we execute the strategy by purchasing the various securities, funds, and ETFs to achieve the desired market exposure. This approach may entail creating a separate account of individuals stocks and bonds for a high net worth investor or building a 401(k) portfolio by selecting the mutual funds and/or ETFs available through the company-sponsored plan.
Monitor, Adjust, Rebalance
Our clients' portfolios may evolve over time because life events occur, people change jobs, unexpected fortunes or challenges arise, and/or retirement approaches. We monitor the accounts on an ongoing basis by meeting with our clients to discuss any new goals and determine if there have been any changes to the old. We also make rebalancing adjustments to portfolios to maintain the desired allocation for each investor.
Throughout the portfolio construction process...We strive to be trusted advisers and stewards of our clients' assets.
