Wealth management: Isn’t that just such a stuffy phrase?
You think of some guy at a boardroom table, on the top floor of the tallest building in the city, with his phalanx of financial planners talking stocks and bonds and, from time to time, peering over a tall stack of stock certificates to reminisce about the best investments they’ve made over the years.
Truth is, whether we’re sitting in the penthouse or in the bleachers we all need help with money. In managing your money – your wealth — we set goals and make a plan so we can work toward reaching those goals. It is how you prepare your taxes, where you invest your money, how you save for your children’s education, and mortgage planning, to name some common issues.
So you don’t need to be Richie Rich to require wealth management. What you do need, however, is to find a financial advisor who looks after your best interest. That financial advisor should be unbiased and unemotional when it comes to giving you advice. They should keep the bigger picture of your financial plan in mind, and guide you toward making it stronger, more efficient, and more effective over the long run.
Listen to Stu and Win Damon chat about Wealth Management on wnbp radio 1450 AM and wnbp.com
2 April 2012