Read more about the article 5 Things to Consider When Choosing a Wealth Manager.

5 Things to Consider When Choosing a Wealth Manager.

If someone were to ask you to list your most important relationships, chances are your financial advisors would not make the short list. Perhaps they should, though, as their knowledge and philosophy around wealth management will likely impact you and your family for years and even decades to come. As with anyone in your life, cultivating a bond based on trust and mutual respect takes time. However, there are some things you should look for when seeking a new wealth manager or deciding to continue with the one you have.  Do they encourage their principals to take an active role in managing their own wealth? Will they take your suggestions seriously and support your decisions, or do they expect you to defer to their expertise? When there are compelling reasons for you to listen to them, how willing will…

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Read more about the article 5 Reasons to Love a Complete Portfolio.

5 Reasons to Love a Complete Portfolio.

For many, the term “wealth portfolio” is synonymous with a pile of (uninteresting) documents about stocks, money market funds and other financial instruments that someone else monitors for you. However, trends are increasingly shifting toward principals taking a central role in the management of their estates, both so they can grow their wealth and more effectively educate their heirs on how to preserve it moving forward. Here are some reasons why having a mix of tangible and intangible assets is the key to preserving your wealth and your sanity at the same time. It empowers you.  As mentioned, having a mix of assets allows principals without financial expertise to gain greater knowledge and agency around estate management decisions.  Physical assets are, by their nature, much easier for the layperson to understand and care for. So if you can’t read…

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Read more about the article 5 Simple Changes That Will Make a Big Difference with Your Estate Management

5 Simple Changes That Will Make a Big Difference with Your Estate Management

In some ways, managing one’s estate is a lot like managing anything else life  – some people will be tempted to oversee every detail (i.e. checking in with their household staff several times a day regarding everything from mundane tasks to the preparations for a dinner party), while others may all but abdicate their role as principal and rely too heavily on their financial advisors. (Still others do both!)  The first robs you of valuable time (and likely causes a lot of aggravation for you and those in your employ), and the second robs you of knowledge and therefore agency over your holdings.  The key is to strike a balance that allows you to enjoy your wealth in the now while maintaining and growing it for the future.  If you are already seeing all the moving parts dancing in…

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