3 minute read
In 2018, Doyle Wealth Management (DWM) was awarded multiple recognitions, including Forbes Best-In-State Wealth Advisors, Forbes America’s Top Wealth Advisors, Forbes America’s Top 200 Next-Gen Wealth Advisors, and Barron’s Top 1,200 Wealth Advisors. These awards were based on industry experience, community involvement, AUM, in-person interviews, and compliance, among other factors.
But beyond award criteria, DWM prides itself on incorporating these elements into a daily practice.
Bob Doyle (CPA, PFS), President & Chief Investment Officer of Doyle Wealth Management, shares a few of the ways the DWM team does more than talk the talk.
1. DWM is a true wealth management firm.
First of all, wealth is not a sum of money or an income level, wealth to us is a lifestyle and the ability to sleep well at night. It is an income stream in retirement that you cannot outlive and a growing pool of resources for you and your heirs.
To achieve wealth as I have just defined it requires we provide guidance for college planning for children, grandchildren and even great grandchildren; tax and estate planning; charitable planning and philanthropy; risk management; generational wealth transfers; education and planning for the next generation; and it often includes behavioral counseling as well.
If your advisor says they will manage your portfolio to beat the market or create a financial plan, you can likely do better. At DWM, we try to help our clients live the best financial life they can.
We can add value in the way financial decisions are made and give clients a genuine sense of control over their financial life and a true peace of mind when it comes to their wealth. We accomplish this by establishing deep relationships between our clients and our wealth management teams. These relationships are built over time and require trust, openness and frequent communication.
2. DWM has an independent portfolio management process.
Our home office is the only office. So as a fee-only fiduciary without a “home office” telling us what we have to sell, we are free to construct portfolios that are custom tailored to our clients’ unique and individual needs. Asset allocation is important, but we go a step further and craft portfolios to achieve the long-term goals of our clients and to manage their individual tolerance for risk and volatility.
3. New client meetings focus on the whole person, not a number.
During our preliminary meetings, we ask questions and listen. It is remarkable what you can learn and what people will share with you if you simply just listen. We don’t bring charts and graphs, and we don’t bring recommendations; we are there to learn about the investor and to understand their goals, dreams, plans, and fears. I think the challenge most advisers face in this situation is they want to talk and try and impress.
These meetings also include gathering tax returns and estate planning documents; learning about family members, children, heirs etc.; reviewing investments and drafting a personal financial statement of assets, liabilities, income and expenses. We often continue the conversation begun in the first meeting regarding goals, objectives, fears, and concerns.
DWM does more than check boxes on a list. The work with each client goes beyond surface-level numbers. And while award recognition is always nice, what’s better is creating long-term relationships with each client served. Learn more about DWM.
