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Investment management is about handling financial assets. You may also hear it referred to as money, wealth, or portfolio management. It’s not just about buying or selling assets. It also refers to devising short- and long-term strategies for building and maintaining wealth.
Without investment management, the performance of your assets is left up to chance. If you’ve already invested money in different retirement accounts, that’s a great start. But don’t stop there. Our financial advisors can review your accounts to make sure your assets are still meeting your expectations.
The management of your money is very personal to you. Your financial goals won’t be the same as those of your neighbors, which is why your investment strategy will be unique. Do you plan on retiring early, buying a yacht, or starting a business? Or do you think you’ll continue working part-time while downsizing expenses? Our financial advisors will work with your specific situation to make sure your investments are in line with your goals.
It’s best to let experienced professionals manage your wealth, because maintaining your assets is a full-time job. When working in a fiduciary capacity, financial advisors are ethically and legally bound to put your interests ahead of their own, so you can feel confident that the recommendations they make are based on your needs and not a commission. They’re also familiar with the legal requirements in your state and up to date on all the regulations of the financial industry.
Have you ever asked yourself, “What is a “Fiduciary Standard of Care”, and why is it so important to our clients”? If you haven’t, you should. Someone who is managing the assets of another person and stands in a special relationship of trust, confidence, and legal responsibility with their clients. We are held to a fiduciary standard in our investment process and promote these standards.
Fiduciary Standard (RIA)
Suitability Rule (Broker Dealer)
Having assets to manage is a good problem to have, but you still have to tackle it. When you work with a financial advisor, you have a specialist on your side who can answer your questions about the process and customize the process to your needs. However, the wealth management process typically includes the following:
There are a lot of options for investments, including stocks, bonds, annuities, mutual funds, and more. Your financial advisor can talk to you about the benefits and drawbacks of the different investments, but all of them can be useful.
For example, a higher percentage of stock investments can increase your returns, but it also increases your risk. If you’re interested in withdrawing money from your assets, you may prefer liquid assets or annuities. This makes your personal time horizon of the utmost importance in the investment management process. If you plan to retire in five years, it’s necessary to have a cash-flow plan in place.
We know that the complexities of investment management can seem daunting, but don’t let it scare you away from taking charge of your financial future. We provide answers to some of your most pressing investment management questions in an effort to demystify the process. We encourage you to reach out to our investment managers to receive answers to your specific concerns and investment management needs.
What Is Investment Management?Investment or wealth management refers to the handling of finances. This involves buying and selling assets, but it also includes monitoring asset performance and following a previously laid out financial plan. Investment management is important to maximize your returns, minimize losses, and keep you apprised of your net worth.
Why Is Investment Management Important?Cash loses value because of inflation. Therefore, investing your money has the potential to grow your existing wealth in an effort to maintain your money’s current buying power over time. Investment management can help you plan for the future, including retirement, or allow you to pursue a dream. It can even become the foundation for wealth that lasts through generations.
When Should You Hire an Investment Manager?There are many reasons to hire a financial professional to manage your wealth for you, including, but not limited to, the following types of circumstances:
You have a collection of investment accounts.You’re not sure what to invest in.You need someone to rebalance your portfolio as the value of assets changes.You need help with planning for retirement or taxes.You want to better understand your big financial picture.You’ve had a major life event, such as marriage, divorce, or the birth or adoption of a child.
You shouldn’t miss out on financial opportunities simply because you don’t have the time to monitor and manage your assets on your own. Let our experienced financial advisors take care of your assets for you. We can review your current investments and make sure everything is on track while you work toward your financial goals. Call us today to schedule your initial consultation.