What is wealth management?
Wealth management is about having a life well lived and a legacy well left.
When it comes to comprehensive financial planning, nothing is simple. Mistakes, no matter how small, can cascade into a frustrating and messy financial situation. It’s all too common to hear stories about overspending and undersaving, being too cavalier about investing, or investing too conservatively for long-term goals.
No two people share the same financial fingerprint. When you take into account the myriad factors like:
- The cost of your lifestyle
- How and when you’d like to retire
- What sort of legacy you want to provide
- Your level of wealth
- The different assets that make up your portfolio
It’s easy to see why it’s necessary to develop a personalized wealth plan.
The best way to arrive at a truly comprehensive and well-informed plan for managing your unique portfolio? Hire a Wealth Manager.
JUST ONE CONVERSATION CAN CHANGE YOUR LIFE FOR THE BETTER
We’ll spend 30 minutes getting to know you—your situation, needs, and vision—then offer a strategic plan to reach your goals.
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Having a Wealth Manager on your team means you can worry less and enjoy life more. Get in touch today to start the conversation!
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Why should you see a wealth manager?
Decisions should be based on calculated foresight, not emotion. When your investment portfolios are not performing well, sudden market changes for the worse can be unnerving. However, a disciplined, steadfast approach to investing—and making the right investment management decisions in the first place—are what lead to long-term success.
Navigating the intricate terrain of the financial industry regulatory authority can make mastering the financial landscape seem like a complex, if not impossible task. It’s clear why high earners prefer to outsource their money management responsibilities and the stress that comes with it.
You may consider hiring a wealth manager if…
- You value expert advice and understand why Fiduciary Financial Advisors put your interests before their own.
- You understand the benefit of having a Financial Coach who helps you stay on track to meet your long-term financial goals.
- You learned that it’s almost impossible to keep up with the ever-changing financial landscape.
- You’re tired of the stress of the ups and downs of investment research and management.
- You wish to protect your retirement and legacy using sophisticated investment, tax planning, and wealth preservation strategies.
Finally, it merits attention that the financial world has done a very good job of confusing the public lots of of ambiguous professional titles. As you explore your options for wealth management, you may come across financial advisors, financial planners, brokers, investment advisors, stockbrokers, private wealth managers, and agents. For simplicity’s sake, we’ll split these financial professionals into two categories: Broker and Advisor.
Financial Broker vs. Financial Advisor: What’s the difference?
When trying to identify just the right person for your specific financial need, stick to this general starting point:
- A Broker works for an investment firm, and persuades you to buy or sell stocks, bonds, mutual funds, ETFs, and other financial products. They typically focus on a small component of your financial life. Brokers are not fiduciaries.
- An Advisor takes a comprehensive view of your financial past, present, and future. Some, but not all, Advisors are fiduciaries.
Bonus tip: A Fiduciary Advisor is required to always put his/her client’s interests first. As Fiduciary Advisors, we’re legally obligated to act in your best interest. Fiduciary Advisors generally charge a flat fee. Because of the compensation structure, Advisors are seen as having fewer conflicts of interest than brokers.
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