At Fortress Planning, we take a step-by-step approach to wealth management. We know it can feel daunting when you get started, so we’ve tried to break it down into simple steps.
Step 1: Discovery meeting
Scott spends focused time listening and asking questions so that he can get a sense of what’s most important to you. He will ask questions related to your interests, your goals, and your assets. It’s about getting a snapshot of your current situation and creating a path to get you where you want to go.
If you already have an investment plan, you can also use this meeting to gain an informed “second opinion.”
Step 2: Investment meeting
Scott presents you with an Investment Plan (or second opinion plan) that includes recommendations for how we can bridge the gaps and help you reach your goals. This plan forms the foundation for all of our work together.
Step 3: Mutual commitment meeting
You and Scott mutually agree that there is great value in starting a relationship, and sign the required documents to turn the managing of your investments over to Scott. This is also when your investment in Fortress starts. You don’t pay Fortress directly. Rather, Scott is paid a management fee from the account. There is never any commission paid on top of that. (Read the FAQs for more information about fees.)
Step 4: Follow-up quarterly meetings
We review investments from the previous quarter and check in on what might have changed from our initial discovery meetings so we can make adjustments. The investment plan serves as our framework, but it is only the beginning. To help take the pressure off family stewards, we serve as your personal chief financial officer.
In fact, in these meetings, our goal is to tackle all of the wealth issues family stewards face, one by one. This could include insurance issues, tax issues, estate planning issues, charitable issues, and issues surrounding money transfer to loved ones. At the first quarterly meeting, Scott will present you with the start of an “advanced plan,” which is a comprehensive Wealth Management Plan.
When people hear “wealth management,” they have different ideas about what it means. For us, wealth management is a structured and thoughtful process that provides family-specific investment solutions, advanced planning, and relationship management.
Our meetings can happen over the phone or through using virtual technologies like Skype, Face Time, or Go To Meeting. Scott can also meet in person with clients in parts of Wisconsin, Ohio, and Kentucky. It’s up to you how you prefer to meet.