The Davenport Wealthcare Program is a powerful, dynamic investment analysis process — not a one-time exercise that claims to set an asset allocation for the rest of your life. We call it life-directed investing, because it is built around you and how you want to live your life.
Wealthcare combines goals-based guidance with sophisticated statistical modeling tools* to create an effective way for you to pursue your most important goals without undue lifestyle sacrifice or unnecessary investment risk.
Wealthcare takes a fresh approach to evaluating your future. It finds your confidence zone by balancing all these competing concerns — and keeps you informed as to how you are doing, with regular check-ups and evaluations. Unlike market-based plans, Wealthcare is a powerful life goals-based process that provides support as your needs and priorities change.
Working with a Davenport Investment Executive, you’ll discuss your goals. For each life goal, you’ll decide an “ideal” goal and an “acceptable” goal. For example: Ideally you'd like to stop working at age 59, but it may be acceptable to delay retirement until age 62 if you can see the benefit of waiting three more years.
Then you’ll work with your Investment Executive to prioritize your goals and go through a variety of “what if” scenarios. Throughout this process, your Investment Executive will show you how even a slight adjustment to your life priorities can mean more interesting and more comfortable options for you and your family.
Then your Investment Executive will prepare an analysis using sophisticated financial modeling tools that take into account a wide range of variables, including: inflation, market returns, and years of historical data which simulate thousands of potential scenarios over a lifetime of investing.
The Wealthcare report you receive reflects your personal priorities and confidence zone — that place where your life goals and your investment actions are in balance.
You’ll find that looking at investment strategy from a life priority vantage point, as opposed to making decisions based on uncertain and often volatile market conditions, is a refreshing and positive process.
With Wealthcare, your Investment Executive is with you every step of the way to provide monitoring and investment guidance so you’ll always know the answer to the question, “Am I still okay?”
Talk with a Davenport Investment Executive today to evaluate your important life priorities and find the investment solution that can help make your dreams a reality.
Asset allocations cannot eliminate the risk of fluctuating prices and uncertain returns.
About the Wealthcare methodology, selection criteria, and key assumptions: Wealthcare’s simulation model incorporates assumptions on inflation, financial market returns, and relationships between these variables based on an analysis of historical data. Using Monte Carlo simulation and data provided by the Center for Research in Securities Pricing, Wealthcare simulates thousands of potential outcomes over a lifetime of investing. The varying historical risk, return, and correlation between the assets is based on indices over several market cycles. If the indices do not provide enough historical data to gauge asset-class performance, we may use the data of related asset classes.
Unlike traditional financial planning, Wealthcare does not include a detailed analysis of insurance, real estate investments, or savings strategies. It also does not cover estate and tax planning.
© 2011 Davenport & Company LLC and Financeware, Inc. All rights reserved. Patents pending.