How is Wealth Management Different at Fragasso?
Jason 0 Comments Retire Wealthy
Our financial advisors are not the sole
source of guidance for their clients, rather the firm participates and provides multiple
experts to support the advisor and the client. The commitment to team collaboration is ingrained
in our culture and process. This structure helps to mitigate any type of competition among our
advisors and more importantly it motivates all team members to assist for the benefit
of our clients and prospective clients. As we evaluate their unique situations each
prospective client with five hundred thousand dollars of investable assets or above receives
a complementary individualized financial plan. Once an advisor has gathered the pertinent
information our advisors and financial planning analyst teams draft an individualized plan. It is
then presented at our Friday morning analytical meetings. Every advisor, analyst, portfolio manager,
department manager and leaders are in attendance. You receive the best thinking of all of our
professionals on a strictly confidential basis. The group examining your plan collectively represents
over 350 years of financial industry experience.
Because we truly operate as a coordinated team
and our advisors are not competing with one another, we have open collaborative discussions
resulting in a comprehensive evaluation and recommendations from the perspective of all areas
of expertise focused on your unique circumstances. Over the years we have meticulously refined
and improved our client experience. This process always begins with a focus on the unique needs,
goals and challenges for each client.
We do not view the client experience as a single event
or something that is haphazard. It encompasses every aspect of the client relationship beginning
with the initial discovery meeting through the delivery of the financial analysis, followed by
individualized investment management strategies and the ongoing financial reviews for years to
come. Every step of the client experience has a singular focus that is helping clients pursue
their goals. These unwavering steps throughout our clients financial journey allow our team to
continually understand and address our clients financial and emotional needs. We are majority
owned by our employees through an employee stock ownership plan, an ESOP, thus our personnel have
a stake in your favorable financial outcomes. Employees contribute ideas, feel empowered and are
invested in the success of the firm. Our uniquely structured firm is comprised of a collaborative
management team consisting of the executive managers and department managers.
Fragasso has a
low staff turnover which translates to a higher level of expertise. You receive elevated client
service across each position within the firm, consistent long-term client advisor
relationships versus an advisor retiring. The ESOP ownership argues against the
firm being bought or closed entirely. A unique part of our client experience is
that our financial advisors welcome the opportunity to collaborate with your other
professional advisors such as your attorney, accountant and banker. The coordinated effort
between key advisors results in your affairs being arranged in true harmony rather than in
a vacuum. For example, your Investment Portfolio can impact your tax planning strategy and we
can proactively address tax loss harvesting. A change in beneficiary impacts your estate
plan from a legal and financial perspective..
