At BGM Wealth Management, LLC, we are primarily wealth managers. We believe that by understanding clients' lifestyles and goals, addressing their initial concerns, and developing comprehensive financial plans, we will help them maintain and increase their wealth. We measure success not by comparing returns with those of other managers, but by clients' satisfaction in meeting life goals.
Asset Allocation Approach
As investment advisors, we believe in an asset allocation approach. This means we do not pick the "hot" stock. Instead:
- We tailor an investment portfolio that fits the individual client—and only that client.
- We consult academic research, along with historical and statistical data, to produce various models that may help clients achieve objectives.
- We establish a target allocation for each asset class.
- We determine an expected rate of return and standard deviation for the portfolio.
- We define this allocation and the corresponding expectations of portfolio performance in each client’s investment policy statement.
- We remember that, because the majority of our clients are business owners, they have other assets that affect their overall portfolio.
Many clients ask us why we embrace an asset allocation strategy through diversification. Beyond the statistics of the buy-and-hold approach, we look to the experience of Daniel A. Boeckermann, the founding member of BGM Wealth Management. Dan has practiced asset allocation with his clients and his own investment portfolio for the past 25 years. He has seen clients consistently succeed through patient, diversified investing. It is his personal experience that encourages BGM Wealth Management to embrace this statistical theory of allocation.
In our business, we strive for unparalleled personal service. That means we keep clients informed about what is going on, both with their personal investment portfolio and the economy at large. They receive a monthly custodial statement as well as a quarterly performance report. The performance report references their portfolio against agreed-upon market benchmarks and their personal asset allocation. We also provide a quarterly economic analysis with our insights on the economy and its effects on personal portfolios, as well as a commentary with new ideas that may be of interest to clients.
Annually, we review clients' portfolios for tax opportunities (fourth quarter) and look forward to a one-on-one meeting to discuss their investments, concerns, and any changes in their personal situation. Some clients want to meet more frequently, and we are happy to do that.