1. First, I conduct a thorough assessment of the client's financial situation, goals, and risk tolerance through a detailed questionnaire and in-person discussion. This helps me understand their investment objectives, income needs, and comfort level with market fluctuations.
2. Next, I analyze the client's current portfolio to identify any gaps or imbalances in their asset allocation. This involves looking at their investments across different asset classes, such as stocks, bonds, and cash, and comparing them to the ideal allocation based on their risk profile and goals.
3. Finally, I develop a customized investment strategy that aligns with the client's objectives and risk tolerance. This may involve recommending a mix of asset classes, diversification across sectors, and incorporating alternative investments, if appropriate. Throughout this process, I make sure to educate the client about the rationale behind my recommendations, so they feel confident in the proposed strategy.