Wealth Management

Wealth Management


A good wealth management approach looks not only at different aspects of your wealth, but also considers what your wealth means to you? What should it accomplish? What are the 12 common financial mistakes to avoid?

Wealth management means more than just supervising a portfolio. It is multi-faceted:
addressing risk and tax management, estate planning, charitable gifting, and perhaps college
planning and long-term care planning.

It is rare to find one financial professional well versed in all these disciplines. Acknowledging that
reality, professionals who consult wealthy clients frequently collaborate in a team effort, so that
they can draw on their collective understanding.

Each professional on the team can make his or her insight readily available to others, and the
longer the team works together, the more cohesion and experience the team has in designing its

This team effort makes the planning holistic. A good wealth management approach looks not
only at different aspects of your wealth, but also considers what your wealth means to you. What
should it accomplish? What role does it play in your life? Addressing those questions can help you
link your wealth with your values.

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MRR Tracking Number: 1-685306

What are the 12 Common Financial Mistakes to Avoid.

Just as to-do lists can be a key part of planning, do-not-do lists can be helpful reminders to avoid mistakes that others have made.

  1. Impulse investing.
  2. Lacking an overall plan or strategy.
  3. Lacking an overall plan or strategy.
  4. Not taking advantage of time.
  5. Not paying attention to risk.
  6. Not diversifying.
  7. Relying on someone else to handle your investments.
  8. Not working with your spouse toward the same goals.
  9.  Not maximizing your retirement plan.10
  10. Cashing out or borrowing from your 401(k) account.
  11. Ignoring tax or inflation when estimating your net retirement income.
  12. Not following your investments.

Contact Us today to download the full whitepaper with more details on each financial mistake.

Tracking #1-762278

You and Your Investment Representative: A Relationship of Trust.

Perhaps your doctor, lawyer, and accountant are trusted advisors. Through years of working with them, they have come to know your family and your particular needs. How about your investment representative? Have you built the same kind of trusting relationship with him or her? Your investment representative could be a resource to tap for financial planning information through the many stages of your life.

Investing for Long-Term Goals: Your investment representative can help you create a portfolio with an asset allocation strategy that suits your family’s needs and goals while maximizing your potential returns. He or she can also assist you with regular portfolio reviews. When rebalancing your portfolio becomes necessary, your investment representative may help you consider any moves to make in the most tax-efficient manner.

Short-Term Savings: Are you among the many Americans who have neglected to create a cash cushion? Having between three and six months cash available can help you pay for unexpected expenses and potentially safeguard your long-term investment goals. Without short-term savings, you may find yourself having to sell investments to meet your obligations. If you have no such fund, your investment representative can help you find the money to build the cash account.

Retirement: With more and more Americans living longer, healthier lives, it’s quite possible that today’s retiree could spend upwards of 20 or even 30 years in retirement. That raises an important question: Are you setting aside enough savings to help support a lengthy retirement? Your investment representative can help you determine how much money you’ll need to retire and then work with you to build the portfolio that can help you fund the kind of retirement you have in mind.

College: In recent years, the cost of a college education has outpaced the rate of inflation. Your investment representative can help you come up with creative potential funding solutions for your children’s education.

Estate Planning: Contrary to conventional thinking, estate planning is not just for the wealthy. With some planning, you can potentially minimize gift and estate taxes and keep more of your assets for those you care about. You have many options for estate planning, and many experts recommend using a qualified professional to develop an appropriate plan.

An  investment representative can help whether you have a specific need or are looking for some general information. As a trusted advisor, we may help you find solutions to the financial decisions you face. Contact Us today!


Disclaimer: There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification and asset allocation does not protect against market risk.

Rebalancing a portfolio may cause investors to incur tax liabilities and/or transaction costs and does not assure a profit or protect against a loss.

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As a trusted Advisor, we help find strategies for your financial needs

Avoid Common Finanical Mistakes

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