Wealth Management Services
Rethinking Wealth Management
There are traditional methods of creating retirement wealth that are commonly used, but you should also consider newer ideas that are proving to be successful.
As with seemingly everything these days, technology is becoming a significant player in retirement investment strategy. For instance, the use of algorithms – a computer-based information and solutions process – can track market trends in real time allowing your investments to be re-balanced day-to-day. There are many examples like this in which you can use technology to your advantage in your quest for comfortable, stress-free retirement living.
If you’d like to discuss wealth management options you might not have considered, call our wealth management advisors at 724-382-1298 or complete the meeting form at the bottom of the page to start a dialogue.
Our Method
When it comes to wealth management a fundamental issue often overlooked is what is a good investment today might not be a good one tomorrow. We are not fixated on staying put and will advocate making changes to a retirement portfolio when we feel it’s in the best interests of our client.
Specifically, as wealth management advisors, we:
- Will fire portfolio managers who are not getting the job down on return on investment
- Will always seek out portfolio managers who prove over time they produce maximum earnings
Our Strategy
When our clients sit down with us to map out their wealth management strategy, we are looking at three options:
- Spend down rate: How much income do you need from your portfolio that allows you to take out a percentage monthly and not run out of money in the future?
- Preservation rate: This involves determining how much income you can make from your portfolio without touching the principal.
- Legacy rate: This is for clients who want to earn income from their portfolio but are more interested in leaving as much money as possible to their children or other family members.
Frequently Asked Questions
Isn't there a standard blueprint for developing a wealth management plan?
Many financial advisors do use the same strategy over and over again no matter who the client is. We look at each client individually and develop a wealth management plan that fits their goal.
Do you believe in standing pat on investments, as being in for the long haul?
As wealth management advisors with considerable experience, we don’t subscribe to the stand pat theory. Rather, we closely monitor every client portfolio closely and if something changes for the worse, we’ll recommend you move in a different direction. The goal is to mitigate any unnecessary losses.
What is your method for keeping on top of your client portfolios?
We utilize investment algorithms. This strategy utilizes a mathematical formula based on data that tracks the market in correlation with our clients’ drawdown numbers. We are immediately alerted when market conditions change so we can adjust the drawdown numbers accordingly. If things aren’t going well we immediately know and advise you on a different, better course of action.
What determines how much money I can take out of my portfolio as retirement income?
It depends on what your goal is. If this income is important to helping you lead a stressless life, then we have a specific formulated plan. If you want to earn income but not touch your principal, we have another plan. And if accumulating wealth to pass on to your children is your goal, we have a strategy for that as well. We remain fluid when it comes to working with our clients: No one wealth management plan fits every client.
What sets you apart from other wealth management advisors?
We embrace new, effective ideas. For instance, technology is a major part of our investment planning process. Technology also helps us track results and effect change when required.
