In order to develop a complete assessment of your needs, we discuss the particular goals, risk tolerance, time horizon, income requirements, tax status and special circumstances unique to you and your portfolio. During this process, we ensure that you understand Phocas Financial's investment philosophy.

Based on our understanding of your specific constraints and objectives, we draft your unique Investment Policy Statement (IPS). Your IPS specifically identifies the framework in which the portfolio is to be managed including the asset allocation and the expected risk/return profile. It also discusses income needs and any unique circumstances which will affect the management of your assets. The IPS is our joint plan to reach your goals.

Only after you have reviewed and approved the IPS will we begin the investment process.

We will manage the portfolio in accordance with your IPS. From the custodian, you will receive monthly brokerage statements, trade confirmations and year end tax reporting. Phocas Financial will provide you with a letter each quarter summarizing your investments, highlighting the current market conditions, and discussing our market expectations. We always strive to maximize your after-tax return while maintaining an appropriate level of risk and a long-term perspective.

We have periodic meetings as necessary to review your portfolio and the IPS, and to discuss any significant changes in your life or financial situation. If necessary, changes are incorporated into an updated IPS.