Checking in with Your Client Advisor

Posted on: September 19th, 2014

Changes in your life are likely to trigger re-evaluation of your investment objectives. The job of your Seaside Client Advisor is to work with you to reassess your objectives and help direct investment selections based on changing circumstances.

What Changes Are Affecting Your Portfolio?

By taking stock of your current situation, you may discover you need to modify your financial goals or the time horizon necessary to meet them. Here are some questions to discuss with your Client Advisor.

The most relevant measure of a portfolio's performance is how well your investment objectives are being met.

The most relevant measure of a portfolio’s performance is how well your investment objectives are being met.

What has changed since your last meeting? Have you recently started a family? Switched jobs? Are you providing financial support to an adult child or elderly parent? Any significant life event — such as marriage, the birth of a child (or grandchild), loss of a job, divorce, remarriage or retirement? — is reason to set new investment objectives.

Does your time horizon need resizing? Has the recession wreaked havoc with your portfolio’s performance? For example, if you’re close to retirement and your portfolio could use some more rebound time, delaying retirement by a few years may be advantageous. However, if you have a long time horizon, you may be able to be more aggressive in your investment selections.

Has your tolerance for risk changed? During the recent down market, you may have shifted from being an aggressive investor to being more cautious or conservative.

Restore Balance with Rebalancing

Once new objectives are set, it may also be time to reallocate the assets in your portfolio. Asset allocation — a mix of stocks, bonds and cash equivalents — can shift over time due to market fluctuations. As one asset class outperforms another, your asset allocation will drift from your goals. A Client Advisor can help you rebalance your portfolio to restore the mix to its original targets.

If you have concerns about your investments or believe it’s time to re-evaluate your objectives, your Seaside Client Advisor is always just a phone call away!

Investment products: Not federally insured, Not a deposit of this institution and May lose value

A Little Preparation Goes a Long Way

To give your Client Advisor a complete picture of your financial situation and to make the most of your meeting, be prepared with the following information.

  1. Bring your quarterly and/or annual investment statements for individual retirement accounts (IRAs); 401(k), 403(b) and 457 retirement plans; and savings accounts.
  2. Include earnings information, such as your annual salary, bonuses, pensions, Social Security benefits and inheritance funds, if applicable.
  3. If you have invested in college savings plans for your children, such as Coverdell accounts and 529 plans, bring that account information with you.
  4. To review or update beneficiary designations, you’ll need to know each beneficiary’s full name, birth date and Social Security number.

For more information, please contact your Client Advisor.