What are the benefits of professional asset management?

When most people think of working with a stockbroker, they picture a selling interview in which the broker determines their investment needs and "sells" them a stock, bond or other product.  This is the traditional method which is still used by many of the brokers at the large wirehouses.  Typically, the client never interacts with the broker again until there is more money to invest, or until the broker thinks it's a good time to reposition the original asset, in which case he or she will be entitled to another commission.  This is why many investors opt for a different approach, known as "asset management." 

Instead of selling investments where you pay a commission up front, my practice is to develop your personalized portfolio, manage the assets over time, and charge an advisory fee for my services.  Portfolios are well diversified, with an emphasis on value.  How conservative or aggressive the strategy is will depend on your own time horizon and risk tolerance.

As a financial planner, I also carefully analyze your insurance -- auto, homeowners, and umbrella policy -- as well as review your current estate plan.  When appropriate, I’ll communicate with your CPA or tax preparer to ensure the investment strategy is coordinated with your tax objectives.

This approach takes time, but it’s necessary to visualize your unique situation.  In this regard, I’m not like any financial adviser you’ve worked with in the past.  You’ll find I’m very interested in you, your family, and your personal goals.  Over time, I’ll help you think realistically about your lifestyle, finances, and a whole range of other considerations.  We’ll prepare for any risks that can be mitigated in advance.  When unexpected issues pop up, as they always do, we’ll work together to find the best solutions.  As a reminder, no investment strategy can guarantee a profit or protect against loss.

If you’re a prospective client looking for a good adviser, you may want to speak with a few of my existing clients to hear about their experience.  This can be arranged, even before we set a first appointment.

Please be aware, I only work with clients who are retired or very close to retirement.  Also, I expect my own retirement will be somewhere around 2034, so you may want to take that into account.  And finally, there are certain account minimums we can discuss if you’re interested.