Wealth Management Services
Many financial firms say they offer “Wealth Management”. The trouble is that many of these firms just provide conventional, prediction based investment management and little else.
We define Wealth Management Services as a simple formula combining Investment Management, Advanced Planning and Behavioural Management.
WM = IM + AP +BM
Investment Management (IM) is the astute management of investments over time to help our client achieve their financial goals. Doing this successfully requires a deep understanding of their most important challenges, time horizons and tolerance for risk. Using a collaborative approach with our clients, we develop an investment plan that will maximize their probability of achieving their goals.
This plan requires on-going monitoring to make sure financial goals are being met and should have enough flexibility to adjust, as needs and circumstances change over time.
Advanced Planning (AP) goes beyond investments to look at all the other aspects that are important to your financial life. We break this down into four main parts:
- Wealth accumulation
- Transitioning from accumulation to de-cumulation of wealth
- Generating sustainable and predictable cash flow from your investments
- Wealth transfer, wealth protection and charitable giving strategies
In our experience, very few financial advisors offer all of these services.
Behavioural Management (BM) is the difference between investors reaching their goals and can be attributed to their own good or bad behavioural biases.
Successful Behavioural Management is sometimes referred to as a “win by not losing” approach. We spend considerable time educating our clients on various financial behavioural pitfalls and will do our utmost to help them avoid costly mistakes.
Portfolio Repair Service
In almost all cases, prospective clients don’t have confidence that their existing investment portfolio will successfully meet their needs.
Without a doubt, the first thing we do is to fix the investment mistakes of others and get the investment portfolio on the right track.
If you are searching for a no-obligation, seasoned second opinion on your investment portfolio, please contact us.