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WealthGuard is a tracking software used to monitor the performance/growth of a client’s portfolio, and to predetermine the amount of downside a client is willing to tolerate. WealthGuard is NOT an actual stop loss, and will NOT automatically sell the individual securities in the portfolio. Therefore, the WealthGuard value is a reference point to encourage a conversation between the advisor/firm and a client to determine if the client would like to liquidate the portfolio and either move the assets into cash, reset the WealthGuard value, or reallocate to a different risk profile. If the client can not be located, and the portfolio has reached the WealthGuard value, the client authorizes the
advisor/firm to modify the portfolio into a meaningfully lower risk asset allocation.
During any liquidation or asset allocation change process, there is no guarantee the exact WealthGuard value will be captured, nor that the assets will be sold the very same day, but rather the notification will alert the advisor and firm that the portfolio needs to be changed at the
advisor’s/firm’s earliest opportunity.
