The team at Burke Financial Strategies has many years of experience across a wide array of financial disciplines and business endeavors. We are supported by the vast resources of Raymond James, a well-respected, independent financial services firm with offices and affiliated advisory firms throughout the country. Together, we are well-positioned to provide comprehensive wealth management and financial services to individual and institutional clients, as well as to business owners and corporate executives.
We consider investment management to be more than just an academic exercise. Before we invest one dollar for a client, we ask lots of questions…and we listen intently to answers. We solicit financial goals and discern tolerance for risk. We discuss the nature of potential investments and what to expect as a long term investor. We share openly all fees to be charged and risks to be faced. Then and only then, do we implement an agreed upon, thoroughly researched, diversified portfolio of investments. Once implemented, portfolios are constantly monitored and adjusted with changes in the market environment and/or investor circumstances.
Using one of the industry’s most popular and sophisticated software, we prepare a comprehensive financial/retirement plan for select clients. This plan provides a roadmap for all significant financial decisions going forward. This plan will also guide us in the preparation of an appropriate diversified portfolio that complements the plan in terms of risk and expected returns. Ongoing review and adjustment will ensure a “Life Well Planned.”TM
Socially Responsible Investing (SRI) has recently emerged as a mainstream investment strategy. Otherwise known as Environmental, Social and Governance (ESG) investing, the strategy favors those companies that are environmentally friendly and socially conscious, and avoids those companies that are perceived to do harm or behave in a socially indifferent way. The example that most often comes to mind is tobacco. Some investors may view an investment in a tobacco company as support of a habit that causes cancer.
We don’t pass moral judgement on clients, but we do respond to client wishes and our portfolios are highly customized. If clients want to be SRI or ESG investors, we can and do help. First, a client will need to define exactly what kinds of activities he/she does not want to enable or support. It is not as easy as it sounds. For example, it is easy enough to avoid tobacco stocks, but much harder to identify companies that are one or two steps removed. For example, would you invest in a retail store that sells tobacco products? Would you invest in a company that helps tobacco farmers, such as tractor manufacturers? These tractor manufacturers are helping all farmers to be productive, not just tobacco farmers. Where should we draw the line?
While we do not draw the line, we can assist you in defining the boundaries within which you are comfortable. We will then tailor a portfolio inside your lines.
We have helped clients with socially responsible investment for a number of years. We have also been a resource to the financial press on this issue, as a thought leader on the subject. Attached are a couple of articles in which we have been quoted.
If we can help you with SRI or ESG strategies, please give us a call.
There is no assurance that any investment strategy will ultimately be successful, profitable, or protect against loss. Opinions expressed in the attached articles are those of the authors and interviewees and are not necessarily those of Raymond James.
* Securities Based Line of Credit may not be suitable for all clients. Borrowing on securities-based lending products and using securities as collateral may involve a high degree of risk. Market conditions can magnify any potential for loss. If the market turns against the client, he or she may be required to deposit additional securities and/or cash in the account(s) or pay down the loan. The securities in the pledged account(s) may be sold to meet the collateral call, and the firm can sell the client's securities without contacting them. The interest rates charged are determined by the market value of pledged assets and the net value of the client's Capital Access account.
As wealth advisors, we believe our foremost priority is to manage risk, which is why we devote so much of our time to accurately assessing your risk profile – your experience with investing, your timeline for goals, and both your comfort with and financial capacity for risk. To lead us through this work, we’ve developed a comprehensive six-step process that enables our team to research the universe of investments, identify ideal opportunities and build a portfolio to your unique specifications.
The process starts simply. We’ll sit down with you and begin the business of understanding your individual situation. We’ll ask questions like, “What are your short- and long-term objectives?” “What will the money be used for?” “What are your specific directions for how your investments should be handled?” “What is your tax situation?” And, more important, we listen to your answers.
Once we have a feel for your current situation and your future goals, and after we’ve made a clear assessment of your risk tolerance, we’ll begin to comb through our own list of thoroughly researched investments to identify those most suited to your circumstances and expectations. The mutual funds, stocks and bonds that make up our approved list are selected based on track record, stability of management, low turnover, a focus on companies with good cash flows, and, most important, a diligent research process.
Based on our research, we’ll construct a recommended portfolio, careful to consider and incorporate tax planning. We then analyze our recommendations using a sophisticated software system and also consider how each recommendation might be affected by changes in the economic or political climate.
Once the proposed portfolio is ready for your review, we’ll schedule a meeting to discuss each investment choice with you in detail to ensure you have a clear understanding of the logic behind our recommendations. Should you have any concerns, we will revise the portfolio until you are fully comfortable with it – no investments will ever be made without your full understanding and agreement.
With your approval, we will execute your customized strategy using the extensive tools available to us through Raymond James. This involves the selection of specific account types, investment products and optional services, and the completion of all necessary paperwork.
Once the portfolio is in place, the process is far from over. We will continually assess your portfolio as new information becomes available. This is one of the biggest mistakes that retail investors may make – they don’t change their minds, even when confronted with new information. In addition, we provide periodic performance reviews on a scheduled basis.