What is a fiduciary?
Meridian Wealth Management LLC works with clients in a fiduciary capacity. As a fiduciary, we put your needs first. We act with professional prudence, provide fair disclosure, and avoid conflicts of interest. As a Registered Investment Advisor (RIA), we are required to uphold this standard by the SEC. The fiduciary standard is the highest in the industry and differs significantly from the “suitability” standard, which typically governs product sales.
Do I need a financial plan?
As our financial lives have become much more complex, we face many more choices than ever before. Many of us have complicated family situations with blended families, spousal support payments and social security choices never encountered by our parents. Meridian offers you professional advice and guidance that helps simplify the complexity and provide you with actionable steps.
Whether you are in the distribution phase and want to know how to make your money last, or in the accumulation and trying to determine how much to save, a financial plan provides a path to follow.
Why do you use three different custodians?
Our independence allows us to be objective in our analysis and recommendations to our clients, and to provide advice in an unbiased manner. Our freedom also involves the ability to choose which custodian will fit each client’s needs.
Each custodian has different facets that appeal to different clients. While Charles Schwab may be best for one client that needs a more user-friendly interface, another client could have needs that Pershing Institutional fulfills.
To learn more about our three custodians, click here.
What are the steps to becoming a client?
1. Define Client Relationship
Determine Client’s Needs
Define Advisor’s Services Provided
Disclose Compensation Arrangement and any Conflicts of Interest
2. Gather Client Data
Define Client’s Goals and Objectives
Gather Data Relevant to Prepare Client’s Financial Plan
3. Analyze Client’s Financial Status
Determine Cash-Flow and Liquidity Needs
Review Materials Relevant to Client’s Financial Situation
Determine Client’s Risk Tolerance
4. Develop and Present Recommendations
Complete Custodian Documentation
Select Investment Strategies
Prepare an Investment Policy Statement
Present a Report of Recommendations
5. Implement The Financial Plan
Process Asset Transfers
Implement Investment Plan and other Financial Planning Recommendations
Rebalance Client’s Portfolios
Review Portfolio Manager Performance
Communicate with Client on a Consistent Basis