Our clients know that we put their best interests first at all times. As your financial advocates, we ask the critical questions to learn all about you, your family, priorities and concerns. At the end of the day, we understand that earning your confidence and trust requires integrity, prudence and accessibility.
With every person comes a unique set of different circumstances and challenges. Due to this, trusted financial advice is more important today than ever. Here at Ovid Wealth Management, your financial goals are the focus of everything that we do. We strive to combat your unique challenges by providing highly responsive service and first class investment advice. When it comes to growing and protecting your wealth, we provide thoughtful and custom solutions backed by a rigorous work ethic and comprehensive market research. Our team of highly trained and highly motivated individuals are constantly aiming to raise the bar in order to create more opportunities that help simplify and enhance the quality of your financial life. We look forward to serving you and your family for generations to come.
Our Desire is for Clients to View Us As...
Embracing Change Through Financial Planning
The investment and financial planning strategies presented by Ovid Wealth Management are tailor-made for each client and reviewed as needs and circumstances change.
Stephen Fish, Managing Director of Ovid Wealth Management of UBS - named after the Roman poet Publius Ovidius Naso, best known for his narrative poem "Metamorphoses" - sees a connection between Ovid's theme of evolving and how continuously changing financial industry can affect the lives of clients.
Just as in all facets of life, Fish believes one of the constraints in the financial industry is change. Tax laws, trade regulations, financial instruments, trends, and projections: For high net worth individuals, keeping track of all that can impact their wealth can be so time consuming that it could prevent them from actually enjoying what they have.
Change, however, is not a bad thing in and of itself. Ovid Wealth Management approaches changes as opportunities to help protect and grow the wealth of its clients. "We realize that we play a very important role in the lives of our clients and their families," says Fish. "We take our responsibilities seriously to help service our clients."
A Client-First Approach
"At Ovid Wealth Management, we strive to understand our clients' goals, time horizon, and tolerance for risk," says Fish. "We utilize an extensive due diligence process to score our recommendations in terms of performance, structure, and growth on an ongoing basis."
Fish believes that change is constant in the lives of the clients of Ovid Wealth Management. As people age, their needs and priorities shift, therefore Ovid Wealth Management helps clients monitor and rebalance their investment strategy. Ovid Wealth Management assists clients in creating portfolios the can include individual stocks and bonds tailored to their individual needs in a tax-efficient manner. "We are more than simple asset allocators. Our core value is stewardship, and we strive for our clients to view us as a long term financial relationship," Fish says. "We want to be the first ones they consult when their lives change."
The client-first approach is not limited to the creation of investment strategies. Fish and his team put a strong emphasis on being promptly responsive when a client reaches out. "We make sure our clients know that we work for them and not the other way around," says Fish. "We take the personal part of our business very seriously, probably just as serious as our performance. We play hard. I think most people sincerely appreciate the fact that I am very available and that our team responds very quickly to them."
Fish has spent more than 30 years in the business, but Fish credits his experienced support team for the success of Ovid Wealth Management. "There is no way I could do what I do without the support I have," he says. "We want our people to take their time on the phone. We do not want them to rush. We want them to ask questions and be engaged in our clients' lives. We sincerely take a holistic approach to our work."
Our Five-Step Process
We employ a five-step investment management process as follows:
Step 1 - Analyze Current Situation
In this step, we ascertain where each client is and has been from an investment standpoint. We strive to understand our client's goals, time horizon, legal constraints, and tolerance for risk. We utilize a number of tools including financial planning questionnaires, current investment portfolio analysis, past returns and their accompanying statistics (standard deviation, up capture and down capture). We would work closely with you to understand your needs, wants, and wishes.
Step 2 - Design an Investment Strategy
Here we crystallize all the input and analysis from Step One into a recommended portfolio. The design of the asset allocation is the most important decision you will make with regard to investing the funds in the portfolio. We strive to ensure that you understand the probability of achieving your goals and the level of risk you will be exposed to in reaching them.
Step 3 - Formalize Investment Policy and Risk Parameters
Next, we outline the roles and responsibilities for each of us. We review our procedures for asset rebalancing, along with the specific and unique target allocations. Rebalancing can be one of the most crucial points in the investment management process.
Step 4 - Implement Investment Strategy
In this step, we will identify appropriate investment vehicles to carry out the investment plan. We have an extensive due diligence process that we utilize to score out recommendations in terms of performance, structure and growth on an ongoing basis.
Step 5 - Monitor and Rebalance as Life Changes
After the investment plan has been implemented, we provide our clients with detailed quarterly performance reports. These reports help our clients not only understand how they have performed versus their goals, but also why.
Our experience and structured planning process drives a comprehensive financial plan and customized investment strategies. Depending on where you are in your life and the priorities that matter most, our planning conversations may focus on liquidity management, your cash flow needs, asset replacement solutions such as insurance, estate planning strategies, or tax and legal structures such as trusts and philanthropic vehicles.