Asset Management
You and your family work hard to accumulate assets over a lifetime. The hope is that, when the time comes for you to leverage those assets, they’ll be there for you to benefit from. Asset Management service is all about helping you manage YOUR financial assets using a prudent and conscientious approach.
Why Asset Management Is Important
Individuals, families, participants in a 401(k) plan, all depend on the assets they accumulate over the years being able to sustain them later in life, in retirement, or in the event of an unforeseen need. However, not everyone has the time to monitor and manage those assets. And even if you have the time, you might not have the skills and patience to do so. Managing your assets diligently, and with a prudent, time-tested process during your accumulation phase, can help the assets that you are working for now work for you later when you need them. Growing, as well as protecting your portfolio, considering rewards as well as risks, are critical components of a successful plan.
What We Can Do for You
- Determining your objectives: Not everyone has the same, or similar, financial objectives as they embark upon accumulating their wealth. To manage your assets prudently, we first need to understand what your goals are for initially accumulating and subsequently using those assets.
- Help you choose your optimal asset mix: There are hundreds of asset-types that you can invest in, and as many ways to do so! Depending on your goals for asset use, we’ll help you choose the right asset mix that will most efficiently/effectively accomplish those goals.
- Help you create a strategic asset allocation plan (SAAP) and tactical asset allocation plan (TAAP): Successful investing is all about successful planning. We’ll help create both long-term (strategic) and short-term (tactical) asset allocation and management plans in line with your objectives.
- Building your portfolio: Today, thanks to DIY-investing, anyone can create a discount brokerage account and start buying investments. However, that’s almost never the most efficient or effective way to create long-term wealth. Using the allocation mix we agree on, we’ll build a results-focused portfolio (Stocks, Bonds, Mutual Funds, ETFs, Alternate investments), that will help you create the lifestyle and legacy you’re planning.
- Managing and monitoring the portfolio: Unless you have the time and patience to dedicate to portfolio management, it can’t be done effectively. We know you have other things to do – such as living your life, so we’ll watch over the portfolio for you, making sure it never strays from delivering the objectives you desire.
- Measuring performance: We track the performance of your assets under our care, and constantly measure how they are performing against industry-recognized benchmarks.
- Managing risk: Our Asset Management strategy includes appropriate risk mitigation as part of this service. Where there are new risks to the portfolio, we’ll consult with you and propose timely and appropriate actions to manage them.
- Reviewing, reporting, recommending changes and revisions to the strategy: Our Asset Management service is based on constant and open communication and collaboration with our clients. Through regularly scheduled reporting and conversations, we ensure that your asset management plans are continually reviewed, revised, and updated to meet your changing circumstances.
Contact us today to learn more about asset management.