Stephanie A Petrosini, CRPC®, CFP®, CLTC®, QPFC

Our wealth management process begins with you, your investment objectives and your financial goals. Holistic in its approach, it may encompass virtually all the elements of your financial life - your investments and your cash management needs - making sure they align with your goals and wealth management plan. A comprehensive financial plan also considers how to help protect your goals, assets and family when life takes an unexpected turn.

A sound wealth plan involves more than just seeking returns. It also involves managing risks, helping clients when the unexpected occurs. Insurance and annuities are often used to help clients plan for and safeguard against life's hidden curves—helping to protect their assets and their family's well-being. One important part of that protection planning is preparing for potential long-term care needs and the financial ompact they may have over time.

Long-Term Care is the personal care or supervision needed by persons of all ages for an extended period of time. It can be associated with the effects of aging, but may be needed at any time, due to an accident or illness. With her certification in LTC, Latta guides her clients through the process of planning, how it works and the associated costs. Reach out to begin a conversation today on planning for Long-Term Care, and see the resources below for additional information.

That's why our approach "buckets" your financial resources according to how you plan to use them someday. Specifically, our process involves:

Getting to Know You
What do you hope to achieve and when do you hope to achieve it? How do you think about investments – are you aggressive in your approach or concerned about losing what you have? Our initial conversations help us understand who you are as a person, as well as an investor, and focus on both sides of your personal balance sheet and various aspects of your financial life.

Assessing Your Resources
How much have you saved for retirement and other objectives? How much income will you be able to generate from your assets and what other sources of income might be available to you in the future? Social Security? A pension? An inheritance? We help you quantify the resources from which you're hoping to fund your goals and determine whether you're on track to reaching them.

Evaluating Your Progress
Are you proceeding as anticipated toward the goals we identified or is an adjustment required? Have new priorities arisen as a result of changing circumstances in your life? We monitor your strategies to determine whether they're still appropriate, given your current needs, as well as fluctuating financial markets.

Quantifying Your Goals
Have you made an attempt to assign a value to your various objectives? Do you have any idea how much income you will have to generate to achieve your retirement aspirations? Have you thought about how you will pay for long term healthcare? What about your children's college education or the legacy you hope to leave them someday? We work closely with you to develop realistic cost estimates for the goals most important to you

Identifying Gaps and Possible Strategies to Fill Them
If there's a gap between your expected resources and goals to which you aspire, how will you fill it? We develop a customized investment strategy for each of your goals that is based on the size of your gap, the timeframe in which you hope to fill it and, of course, your tolerance for risk. In addition, we help you determine whether you should consider lending and/or protection strategies to cover any potential shortfalls or emergency expenses.

The next step in our process is to introduce you to all we have to offer at Morgan Stanley.