The key components of the Client Diagnostic Kit are:
- Measures of Fundedness and the Client Segmentation Matrix
- Fundamental Planning Strategies (Investment, Goals and Product-based)
- Household Balance Sheet View, Benchmarks and Analysis
The Retirement Allocations are “Risk Management Allocations” and include:
- Risk Retention by the client, addressed by diversification among risky assets
- Risk Management by the client, addressed by giving up future potential to limit downside losses in the future
- Risk Pooling by the client, addressed by entering into personalized contracts and agreements that create pools/groups
- Risk Avoidance by the client, addressed by using a range of risk-free assets
The key components of the RMA® Toolbox are:
- Implementation Process Approaches (e.g. SWP, Ladders, Buckets, etc.)
- Account Locations (aka Tax Diversification)
- Product Selections (e.g. Stocks, Bonds, Mutual Funds, TDFs, Annuities, etc.)
The key components of Practice Management are:
- Ethics
- Implementation
- Monitoring
