Annual Review with Your Investment Advisor
At Innovation Wealth, we believe in providing expert financial advice made simple. An annual review can help you feel more confident and on track to meet your goals.
Why You Need an Annual Review
It's important to stay involved with your finances, even if you have a wealth advisor. An annual review helps you stay on track with your financial goals and gives you the opportunity to adjust to any changes in your life. Think of it as a yearly physical for your finances.
What to Expect in a Review
During your annual review, you and your advisor will cover several important topics:
- Overall Performance: Learn how your investments performed and what market trends affected them.
- Portfolio Summary: Get a detailed look at your holdings and returns to ensure you’re on track.
- Rebalancing Recommendations: Understand any changes needed to keep you on course.
- Personal Information Update: Ensure all your details are accurate and current.
- Changes to Your Financial Situation: Discuss any new opportunities or events in your life, such as an inheritance, new job, purchasing a property, or planning for early retirement.
- Fees: Review and understand the fees you pay for a clear understanding of the costs involved.
- Questions and Concerns: Address any other questions or feedback you have, whether it's about services, how you receive reports, or any uncertainties you might have.
Preparing for Your Review
Your advisor will handle most of the prep work, but here are a few tips to help you feel prepared:
- Check beforehand if you need to provide any additional documents.
- Collect any information you may need to share, such as new financial needs or opportunities that have arisen.
- List any questions you may have so you can make the most of your time during the review.
- Go in with a clear head to fully understand and absorb all the details shared by your advisor.
Ready to Schedule Your Review?
We hope you found this information helpful and can use it during your next annual review with your advisor. Ready to set up your review? Contact your advisor to book your appointment today.