Recently, it has come to our attention through conversation with clients, prospects and friends that there is a false perception about the term wealth management. That it is only for those who have substantial income, assets or complex financial needs. This, no doubt is often true, but is much too narrow in its definition. It is our strong view that wealth management is the specific protection, enhancement and investing of a lump sum of money with a known goal or plan. This lump sum of money is often the result of savings, inheritance, 401k/IRA rollover, asset sale (i.e. real estate) or the desire to make a change from a current situation or advisor that is not meeting your expectation or needs. Where this differentiates itself from generic investing or planning is the unique attributes and opportunities that come with a lump sum versus the accumulation of that sum. Wealth management separates itself by going beyond simple product sales, accumulation planning or pie charts and hy...
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