A recently divorced woman, “Allison,” in her 50’s, with two college-aged children, contacts an independent advisory firm after a referral from her attorney. Following a meeting to understand her plans for the future and reviewing details of the settlement with her attorney, it is clear that the assets included in the settlement would need to be reinvested to both increase liquidity and reduce risk.
Understanding Allison’s situation, the advisory firm completes a detailed financial plan outlining her existing assets, liabilities, income requirements, and evolving risk tolerance in order to create a formal investment policy for her assets. After establishing her account, Allison utilizes the firm’s online access and portfolio reporting to monitor the diversification and rebalancing of the settlement assets while staying in constant contact with her investment team.
Allison now enjoys receiving monthly income from her investments which is electronically deposited in the checking account of her choosing at no cost and meets with the advisory team quarterly to review her investments against her established investment policy. Partnering with an independent financial advisory firm gave Allison confidence that her investments were generating the necessary income while preserving her assets.