Michael Randolph MS,CFP®
"...My primary purpose is to help my client's reach their goals... I want to earn their trust..."
Library of Articles...
The "Library of Articles" is normally only available to clients
inside the client area.
If you're not a client, but would still like to
peruse the client area, read articles, white papers, and learn more about
RMI, please contact us to request a user-id and password for the client area.
Deterministic Model
Assumes the cash flow liability, the assets and how they appreciate over time are known with certainty.
Monte Carlo
A method of running large simulations using random quantities for uncertain variables, such as cash flow and return, and inferring from these results, which values are most likely to occur.
Asset Protection
Finding solutions to protect a wide variety of assets, including property (homes, autos, etc), potential liabilities from negligence (automobile accident), human capital (loss of income due to disability, premature death) and transfer taxes at death.
Charitable Planning
Integrating your philanthropic desires into financial planning using a number of charitable planning tools, including but not limited to: charitable remainder trust (CRT), charitable lead trust (CLT), donor-advised funds, charitable annuities.
Investment Policy Statement
What is an "Investment Policy Statement?"
"...(IPS) Written policies are instruments routinely used for institutional clients.
I believe the same policies should be written for individual accounts.
An IPS is a road-map that defines objectives, the expected returns over time,
the variability of those returns, time horizons, asset allocation percentages and limitations imposed on investment managers.
It also defines the monitoring process and the benchmarks for gauging success or deviation from objectives.
These are working documents that can change over time, just as a client's needs, objectives and economic conditions
change over time..."
| Managed Asset Program |
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1 of 2 A Comprehensive Approach A Managed Asset Program is similar to traditional Portfolio Management, but does differ in scope. The Client has access to additional Advisor’s services, which may include not only Portfolio Management with Discretionary Authority, but also Non-Discretionary Authority in monitoring and reporting of the performance of certain investments outside of assets normally held at Charles Schwab & Co., Inc. In this capacity, the Advisor may recommend changes, provide the Client with reports or other information, and periodically review the suitability of the investment(s) for the Client in these outside accounts. Except as otherwise instructed by the Client, custodian will provide the Client a list of all assets held in the Account, asset values, and all transactions affecting the Account assets, including any additions or withdrawals at least quarterly. Ongoing Financial Planning
Under the Managed Asset Program the Client also has the availability of financial planning at no additional charge.
These services include: |
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2 of 2 Holistic Approach The total effect of the Managed Asset Program is to apply a structured portfolio for ‘total assets’ to achieve long term objectives. This effect provides for lower expenses using passive investments, if available, diversification across many different accounts and a better handle on the total assets and liabilities of the client. This holistic approach coordinates the Client’s total assets and liabilities towards their goals and objectives. |
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