Is Bergland Wealth Management what you’ve been searching for? Here’s the process for coming onboard…
- Meeting #1: Initial Meeting. You check us out and we check you out to see if there is a Win/Win fit. There is no charge for the initial meeting. You set the agenda as we’ll answer any questions you may have. Note: We listen to your unique needs and situation, but no advice is given. The advice will be offered in your Comprehensive Financial Plan. Following the meeting, BWM will mail an Engagement Letter, contract, and fact finder document. You may either shred the documents or if a mutual fit exists, you may return the signed contract, fact finder document, and the stated one-half quoted fee to get your plan underway.
- Meeting #2: Investing 101. By this point, you will have completed our Risk Tolerance Questionnaire. The second meeting will be covering ‘Investing 101’. The goal will be educating you on Investments, Risk Tolerance, Diversification, and Asset Allocations. At the conclusion of this meeting, you will be equipped to select which asset allocation you would like implemented in your portfolio. You are our boss and you are in the driver’s seat. We are simply your fiduciary partner assisting as your guide and educator. Following this meeting, BWM will write your Investment Policy Statement based on your selected asset allocation.
- Meeting #3: Investment Policy Statement. When we review your Investment Policy Statement, our goal is to make certain you feel confident with the asset allocation selected. The Investing 101 and IPS meetings are somewhat technical but nevertheless critically important. The focus is to cover the relationship between risk and return.
- Meeting #4: Plan Delivery. While the first three meetings could be held within one month, the plan delivery may be four to eight weeks following the IPS meeting. This meeting discusses your comprehensive financial plan in detail as well as your Implementation Checklist. Following this meeting, you are free to shred the plan and forget about BWM (which has never been done) or move forward to the Coordination and Implementation service. This requires a separate contract and does include updating your financial plan, as needed, going forward. At this point, quarterly meetings are mandated for the first two years. This gives you time to learn our process and ease into the plan implementation items. Once your course turns into smooth sailing (autopilot), quarterly meetings may be adjusted accordingly.