Advisory Services

Description

We work with clients to set specific investment goals often outlined in an Investment Policy Statement (IPS). This IPS outlines an asset allocation that aligns with the client’s risk tolerance and expected return needs. Packard Wealth uses investment and portfolio allocation software to assess alternative portfolio configurations. We evaluate existing client investments against the IPS. A plan transitions the client from their current portfolio to one the practice recommends. We monitor client portfolios and have review meetings as needed.

Packard Wealth portfolios include a mix of passive and/or evidence-based mutual funds. We include fixed-income securities, closed-end funds, and model portfolios when they align with a client’s IPS. We diversify client assets, considering each client’s risk capacity and tolerance.

Mutual funds or Exchange-Traded Funds (ETFs) following passive and/or evidence-based investments usually exhibit low holdings turnover, resulting in generally lower fund expenses. Client portfolios may also contain individual securities. These are often part of preexisting investments or at the client’s direction. Packard Wealth exercises discretionary management, with non-discretionary management in limited cases.

In discretionary management, we can make investment decisions on your behalf without prior consultation for each transaction. This is ideal for clients who prefer to avoid being involved in day-to-day decision-making. Conversely, while we provide expert recommendations under non-discretionary management, you retain complete control over all investment decisions, requiring your approval before any transaction. This option is well-suited for clients who wish to be closely involved in managing their investments. In both cases, we are committed to acting in your best interests, ensuring our approach aligns with your financial goals and risk tolerance.

We use passively managed fixed-income mutual funds for smaller fixed-income allocations. Packard Wealth advises customized, laddered bond portfolios for clients with large fixed-income allocations. This approach necessitates discretionary authority to purchase assets at quoted prices. A laddered fixed-income portfolio requires a significant asset allocation to fixed income.

Additionally, Packard Wealth offers a service for client-held accounts at third-party custodians, including 401(k) plans and 529s. This includes utilizing an order management system to oversee external accounts. Packard Wealth regularly reviews the current holdings and implements the client’s IPS. Item 5 contains additional information on this service.