2023 retirement calendar checklist of occurring events is now available. Click HERE to access the document.
“Never doubt that a small group of thoughtful, committed people can change the world. Indeed, it is the only thing that ever has.”~
At the heart of each client relationship is a fundamental commitment to helping you achieve your life goals. Whether you are investing for your children’s education, an early retirement or other life goals, Hudock Capital offers the advice, experience, and guidance to advance your goals toward reality.
Our approach endeavors to ensure you have a plan that keeps pace with changes in the market and changes in your life. It involves four key steps:
Understanding Your Goals
Gaining a clear understanding of your life goals is the first step. We will spend the necessary time getting to know you, your interest, preferences and values. Once these are defined and your goals understood, we can start developing your plan.
Developing a Plan
We will work with you to create a customized plan to help you achieve your financial goals. The plan is built on a sound strategy that incorporates your needs, time horizon, and risk tolerance.
Once your plan is established, we recommend custom-tailored strategies and coordinate specific recommendations with your other professional advisors as needed. Together, we select from a broad array of investment vehicles and services, and implement the strategies that make sense for your situation.
Throughout your relationship with us, we will communicate with you regularly to assess your progress. This ongoing evaluation helps ensure that your needs and expectations are being met. Recommendations and strategies are adjusted over time to address your evolving goals and changes in the markets.
At Hudock Capital, one of our strengths is our belief in the investment planning process. While not all of our clients need a written, comprehensive plan, we believe everyone can benefit from planning. This process evolves with annual reviews and updates to stay current with each client’s life-stage needs. Investment planning services are also provided to address specific goals and needs.
The following components are available separately or as part of a comprehensive plan:
- Retirement Income and Capital Needs Analysis
- Investment Analysis and Strategies
- Estate Planning and Tax Minimization
- Charitable Giving Strategies
- Social Security Optimization
The first phase of your planning process takes into account any special circumstances, such as non-liquid assets, business ownership or transition issues. The second phase entails monitoring of overall holdings, target allocation and related performance, and needs such as cash flow, Social Security Optimization, liquidity and tax minimization.
Asset allocation/investment timing cannot eliminate the risk of fluctuating prices and uncertain returns. Hudock Capital associates are not legal or tax advisors. However, we as Financial Advisors will be glad to work with you, your accountant, tax advisor and/or attorney to help meet your financial goals.
After the initial planning process is complete, a target return is established. We then develop an Investment Policy and an Asset Allocation Strategy. Investment selection is the final stage of the investment process.
Portfolio assets are allocated among the major classes of cash, stocks, bonds, real estate and other alternative asset classes, such as commodities, based upon market conditions. Stocks are divided among domestic and foreign, large and small capitalization. We further divide domestic stocks into growth and value styles. Bonds are separated by investment quality, taxability and duration. In addition, we may use real estate investment trusts (REITs) for the real estate component of a portfolio to complement the client’s investment property holdings.
Using the Investment Policy created as our guide, we will implement, manage and monitor performance regularly. One of the greatest challenges facing any investor is determining the blend of assets of the portfolio; a blend that is intended to achieve the investment objectives for the portfolio while still exposing the investor to a level of risk he can tolerate both personally and financially.
In addition, while tax considerations do not drive our portfolio management decisions, we exercise care in the appropriate placement of investments within tax-deferred and taxable account structures.
“Enthusiasm is one of the most powerful engines of success. When you do a thing, do it with all your might. put your whole soul into it. Stamp it with your own personally. Be active, be enthusiastic and faithful, and you will accomplish your object. Nothing great was ever accomplished without enthusiasm.”~ Ralph Waldo Emerson