At least once a year, we review your entire investment portfolio—both the accounts we manage for you and those we don’t—to ensure that your money is still invested appropriately for you and your goals. We typically send the results of this review to you via email around the time of your Annual Renewal Meeting. In case you’re curious about what all we review before sending you the highlights, here’s a list.

    Managed Accounts

    • Is the current investment strategy (documented in the Investment Policy Statement) appropriate for your goals? Have the goals or their time frames changed? Do we need to change the strategy for a goal? Do you have new investment goals?
    • Is the investment portfolio currently invested according to the strategy? Primarily, is the portfolio’s “asset allocation” (balance of stocks and bonds) close enough (usually < 20% off from the target percentage) to what is prescribed in the investment strategy? If not, how can we bring the portfolio back “in balance” with minimal tax impact?
    • In times of increased concern about “bubbles,” how far off from target are the “bubbly” parts of the portfolio? For example, for AI-bubble fears, how much in excess of the target is the allocation to US large-caps (the part of the economy dominated by AI)? We can be more conservative (far less than 20%) in such environments.
    • Should we do anything with your “legacy” investments (funds or individual stocks you brought with you to your work with Flow)? What is the concentration? Cost? Performance? Does it make sense to keep/donate/sell it? If we sell, what should we do with the proceeds? What is the tax impact?
    • Are the bond funds appropriate for your tax rate? 
    • Are the money market funds appropriate for your tax rate?
    • Are dividends, interest, and other investment income being automatically reinvested in qualified accounts (ex., IRAs) and in taxable accounts when appropriate?
    • Is there excess cash to be invested?
    • In your Donor Advised Fund, do we need to rebalance or generate more cash for granting?

    Unmanaged Accounts

    • Is the “asset allocation” in accordance with your investing strategy? If not, which other investments should you change it into? If it’s a taxable account, what is the tax impact? 
    • Is there excess cash to be invested (especially in HSAs)? 
    • What is the cost of the account and the investments?
    • Should/can you move the account to a different custodian?
    • Does your ownership of company stock match the strategy? Should you donate/hold/sell some?