The Davenport Watts & Drake (DWD) team works with both individuals and businesses to develop comprehensive financial plans. These plans seek to inventory financial information, develop clearly defined objectives, and provide recommendations on how to reach those objectives. Areas of a plan may include education, retirement, investment goals, long term care provisions, business or succession planning for executives and owners, and asset allocation and risk management assessments.
An important part of the planning is not only the document generated but also the process of dialogue, discovery and understanding that takes place in developing it. A plan must be individual in nature to work within the appropriate framework of laws and tax efficiency available to the client's particular situation. The value of the plan document is that it then becomes the resource and standard for ongoing guidance and service for the client.
The team approach to financial advising is one of the most unique attributes of DWD. Each member of the team brings his or her qualities, education, and experiences to the table for decisions that are made concerning our clients. We have varied experience in the accounting, legal, financial, and academic spheres, and so together, we are much stronger than the sum of our individual parts.
As a client-centered firm, the DWD team focuses our collective expertise and experiences to provide clients with a comprehensive financial plan. At times we may not be able to provide a product or service that we feel fits a client’s needs, but we work hard to establish strategic alliances with other professionals who will provide the same level of service to our clients that we would. And we walk through the process with our own clients acting as the quarterback of a trustworthy team.
One such alliance is with Fidelity Investments. Fidelity serves as the custodian for many of the investment accounts we manage. We began our relationship with Fidelity Investments when our company was just starting. As a leader in the financial services field, Fidelity has a sixty year reputation of being both a firm of integrity and financial expertise. As custodian, Fidelity Investments has the legal responsibility for your securities, and their focus is to administer and protect the securities entrusted to them. Furthermore, Fidelity is committed to providing quality brokerage and custodial services while protecting your privacy. Safeguarding your assets is very important to us and Fidelity Investments.