Our Process

A comprehensive planning process sets the stage for success

At WNY Asset Management, we’ve spent decades developing a thorough process to ensure that you get the most value from our services. Here is a very brief overview of the steps we take for each of our clients; we invite you to learn more by talking with one of our financial advisors or relationship managers.

DISCOVERY
During our first meeting, we will talk about your current financial situation as well as your long-term goals, so we may start to learn how we can help you. To aid with this first step, we have a “first meeting prep checklist” that can help you get ready.

PRELIMINARY ANALYSIS
Following our initial meeting, we will prepare a customized financial plan based on your unique objectives. Because we are an independent firm, we can recommend impartial solutions regarding investments, life insurance, estate planning, educational funding, long-term care insurance, and Medicaid/nursing home planning. Of course, we can also work closely with your accountant to ensure that your financial planning solutions offer maximum tax savings.

STRATEGIC DEVELOPMENT
The next time we meet, we will show you the preliminary analysis, and talk about how we arrived at our findings.

CLARIFICATION
The goal of this meeting is to make sure you are completely comfortable with the direction, projections and recommendations in your financial plan. As always, we encourage you to ask questions until you are completely confident with the strategy and tactics we recommend.

IMPLEMENTATION
We will prepare all of the paperwork, handle any necessary transactions, and begin to implement your financial plan.

MAINTENANCE & MONITORING
Regular reviews are almost as important as the plan itself. We will meet with you on an ongoing basis to discuss your progress and talk about any new issues; the frequency of these meetings will depend on the complexity of your financial situation, as well as any life changes that may affect your plan.