Wealth Management Services
Once we decide to take on a client, we bring to bear the full scope of our services through a formal interview and planning process. We collaborate with your other trusted advisors (CPA, attorneys, etc.) to customize a plan that helps you achieve all your goals with the least amount of risk and in the most tax efficient manner. Our core Wealth Management Services include Portfolio Management, Financial Planning, Estate Planning and Gifting, Risk Management and Insurance, and Education Planning.
It’s been said that “offense wins games, but defense wins championships”. Many investors don’t realize that when a portfolio goes down 25% in value, it actually needs to go up by 33% from that point to get back to even. This mathematical fact makes it crucial to have a process in place to protect portfolios when the stocks misbehave. The current low interest rate environment only exacerbated the problem by forcing investors to take on more risk than historically due to the face that safe investments do not produce enough income to keep pace with the rising cost of goods and services, especially healthcare costs. During our combined 50+ years of industry experience, we have found that most money managers instruct their clients to “stay put” or “ride it out” when dramatic declines occur. Though markets tend to eventually recover, we believe that one of the main reasons a client hires a financial advisor is to “actively” manage their portfolio and to “do something” to protect your nest egg if the stock market flashes warning signs. For this reason, we have built a “Stock Market Seatbelt”™.
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