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Wealth Management Services
Wealth Management Services are recommended for clients who desire a comprehensive approach to managing their wealth in addition to professional management of their assets. Clients are billed a minimum quarterly fee or a percentage of assets under management (AUM), whichever is greater. This fee is billed according to our fee schedule.
Clients who hire our firm for Wealth Management Services will receive the following:
- Professional management of assets by Greenspring Wealth Management, Inc.
- Development of a personalized Investment Policy Statement (“IPS”), complete with asset allocation guidelines, rebalancing procedures, security selection, rate of return targets, risk tolerance and client goals.
- Ongoing tracking of security cost basis for tax planning purposes
- Quarterly performance reports tracking:
- Asset Allocation vs. Targets
- Performance vs. Goal
- Performance vs. Benchmarks
- Annual written goal analysis and update
- Tracking of Net Worth, Income Statement and critical financial ratios on an annual basis
- Annual recommendations for employer sponsored retirement plan allocations
- Modular analysis of financial planning issues (education, retirement, insurance needs, etc.)
- Comprehensive update of financial plan (only applicable if a Financial Plan has been developed by Greenspring Wealth Management under a separate engagement)
- Coordination of financial planning strategies with outside advisors
- Annual meeting to discuss and update financial planning and asset management goals, strategies and recommendations
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