Investment Policy Statement
The first step in managing a client’s portfolio is to establish an Investment Policy Statement based on the goals and risk profile of the client. Once this policy is in place the portfolio is invested across several asset classes based that we believe provide the best opportunity in the current market to achieve the client’s goal(s). The portfolios are broadly diversified to help dampen swings in the portfolios.
Determine Your Investment Strategy
The underlying investments are selected based on rigorous screening. When seeking a new investment for client portfolios, Providence Financial Advisors screens a broad data base of offering to identify potential investments. Once an initial list is developed, we conduct further research by meeting directly with a representative of the potential investment firm to gain a better understanding of the investment discipline. Those strategies the pass this screening criteria are then available to be used in client portfolios. Providence Financial Advisors does not limit the types of investments utilized in client portfolios but utilizes mutual funds, exchange traded funds (ETF’s) and other vehicles as appropriate.
Monitoring Investment Strategy
We believe ongoing evaluation of current investments are as important as the research at the initial stage. We monitor the investments in client portfolios on an ongoing basis. This monitoring includes meeting with the managers in the portfolio to review the investment and to ensure they are managing the funds consistent with their strategy.