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Initial Contact: Typically 10-15 minutes
- Briefly discuss what the prospect is trying to accomplish.
- Make sure the prospective client understands who we are and see if they are qualified to be a client.
- Establish a time and place to meet to have a more in depth discussion of who we are and how we would work together.
First Meeting: Typically 60-90 minutes
- Establish an agenda, what does the prospective client wish to discuss and how much time do they have.
- Discuss the client’s history of investing and their expectations of working with an Investment Advisor.
- Review the client’s current financial circumstances and discuss their goals.
- Describe RSS’ investment process and financial planning services.
Decide if we should meet again:
- At the end of the first meeting we will decide either to meet again and set a date; set a date for a follow up phone call; or we decided that it is not a good fit.
- Discuss which financial statements and relevant information we will need for the next meeting. Or prior to next meeting.
- Make sure all relevant parties will participate in the next meeting.
Second Meeting: Game Plan – Typically 60 minutes
- Answer and questions and address any concerns.
- Review the existing portfolio that is to be managed by RSS.
- Discuss financial goals and any budget requirements.
- Decide if we should sign paper work and begin the process.
- Sign contracts and establish an Investment policy.
- Complete and necessary paperwork for the client’s broker dealer.
Getting Started: Typically 10 business days
- Establish limited power of attorney on client accounts
- Open new accounts (if necessary)
- Consolidate assets & transfer accounts to one Broker Dealer
- Contact client’s tax advisor & confirm cost basis
- Review existing client assets and prioritize initial purchase & sales
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