Investment planning and wealth management is when money tends to start becoming fun for people. This is also when money gets really complex. Insurance is relatively commoditized, although you should still seek expert advice preferably from a CFP® professional, but there are so many different investment strategies to choose from. Most people have strong opinions because investing is generally an emotional topic, but certain strategies are clearly better than others. How do you know where to begin? (The Financial Planning Pyramid Prioritizes Wealth Management)
Each investment planning strategy you pursue should be enacted to achieve a specific goal. For example, many people want to eventually achieve financial independence by surviving solely on their portfolio income. Depending upon how much portfolio income they need and how much your investment portfolio has grown so far, you may have to take more or less investment risk, and certain types of investments may be more tax advantageous than others.
After we establish your base financial planning facts and set some reasonable targets, then we can test various investment planning strategies within my financial planning and tax planning software to help you reduce taxes, reduce risk, and improve long term gains. This enables me to create a schedule of recommendations and help coordinate implementation of your new investment planning strategies with your tax and legal council if necessary.
As these investment planning strategies are implemented, they need to be actively monitored and periodically reviewed in general at least quarterly to ensure that your portfolio holdings continue to follow the guidelines established by your Investment Policy Statement.
Every investment decision involves both risk and reward.
Learn how an asset allocation strategy can help reduce your risk.
Investment Policy Statement
Find out how an Investment Policy Statement can help you manage your portfolios
and help you achieve your financial goals in this video.
What it Means to be a Fiduciary
As fiduciaries, we ensure that the financial advice we provide you
is objective and unbiased.
Learn how we act in your best interest.