Investment Management and Monitoring Services

The professionals at ParenteBeard Wealth Management LLC focus on you as an individual – bringing together all the financial and other factors that have an impact on your life – to provide a comprehensive, proactive and integrated approach that evaluates your current financial and tax situation to effectively create a cohesive plan for your financial future.

That's why we specialize in understanding you and helping you understand yourself. We ask the questions, we get the answers and we provide a situation tailored to you. Our process includes the development of an Investment Policy Statement, which takes into consideration risk tolerance, time horizon and tax implications. From your individual Investment Policy Statement, we will develop an Asset Allocation Model, implement the model as well as perform ongoing monitoring of the plan and investment selections.

The implementation of your investment model includes selecting nationally prominent money managers and/or mutual funds to coincide with the Investment Policy Statement guidelines. We work to find the best managers by investment asset class and assist clients in the process of selecting the most suitable investment products. These managers are researched and reviewed through a comprehensive due diligence process with consideration given to key factors including fund performance, manager tenure, turnover rate, expense ratios, and tax efficiency.

In addition to providing investment management services to individuals, ParenteBeard Wealth Management LLC also provides these services to the trustees of retirement plans and trusts. Retirement plans and trusts can essentially be handled two ways. One is a trustee-directed plan, whereby, a group of trustees (usually the owner (s) of the company) select and direct the investments in the plan. Second is a participant-directed plan, where the participants select investments from a group of pre-selected funds that the trustee group has chosen to offer through the plan. In a trustee-directed plan, it is extremely important to develop an Investment Policy Statement and follow the agreed upon Asset Allocation Model in order to minimize fiduciary liability. In participant-directed plans, our main focus is on helping our clients select and monitor investment funds for the plan. Additionally, we can assist with the selection of a custodian and administrator for the plan.