Over the years, this client had become frustrated and disenchanted with being passed around from firm to firm and broker to broker. True North needed to earn his trust and that of his family while helping them understand how to plan for their long-term goals in a clear, straightforward manner.
True North was able to clarify and explain their current situation and advise on the best strategies to put them on the path to meet their personal objectives. True North:
- Conducted a detailed audit of the client’s entire financial picture that included:
- A comprehensive balance sheet of the entire financial picture
- What total fees were being paid and exactly for what services
- How the advisor was compensated
- Exactly how and where accounts were held (many of which had been orphaned)
- A full accounting of each individual investment
- Implemented a comprehensive financial plan for the client and the family, something that had never been done with his previous advisors
Today, our client is highly organized and has complete transparency of where and how his assets are deployed.
True North meets with him regularly to review his balance sheet and discuss the progress of his long-term goals.