We are often asked about active versus passive wealth management approaches. One question that can be confusing is that of style drift. What is it? How can it affect my financial planning?
It’s no secret that we’re not big fans of the active management approach, in which a financial advisor or fund manager buys and sells positions in an effort to generate extra returns. We not only believe this is ineffective; there is also scant evidence to support the notion that trying to beat the market works any better than blind luck.Read More
When it comes to selecting a wealth advisor, one thing is certain: You have a lot of choices. But how do you determine if an investment professional is truly qualified to help you with your strategic wealth planning? After all, the planning decisions you make now impact your financial future for years to come, so you need to vet your wealth advisor carefully.
Credentials offer one way to evaluate a potential wealth advisor. These designations indicate that an investment professional has attained a certain level of education and training. Here's a guide to eight common credentials.Read More
Clients often come to our 401k advisors with questions about their accounts. It's understandable; with all of the retirement plan options out there, it's easy to have questions about which strategies are the most effective.
Read on to discover the 7 things 401k advisors wish every investor knew about 401k plans, so they could make the most of this investment tool.Read More
You've undoubtedly seen them: Those ads for 55+ communities, cruises, or adults-only resorts where sets of perfectly coiffed, just-beyond-middle-aged couples dressed in expensive exercise clothing frolic happily in the sunshine, on the beach, in their lovely front yard, or on the deck of a fabulous ship. You may have rolled your eyes, writing these ads off as simple marketing gimmicks. After all, no one's actual retirement really looks quite that glamorous and amazing... does it?
While (of course) there's a bit of commercial wizardry going on in those advertisements, the truth is that your retirement can be that fabulous! Retirement should offer time to travel, time to relax, time to spend with friends and family, and time to give back to the community. Retirement should be characterized by good health (and good healthcare), good food, and financial peace of mind. In other words, retirement should be all that you imagine, wish, and hope it will be.
You've heard the old saying, "don't put all your eggs in one basket"... when it comes to investing, perhaps no other cliché could be more appropriate.
A properly diversified portfolio is an effective way to mitigate risk, and deal with the ups and downs of a volatile market. And the best way to get truly diversified? Regular portfolio rebalancing to ensure that your assets are properly allocated across asset classes.
Here are four benefits associated with rebalancing your portfolio.
You probably haven't forgotten the steep market drop in January, 2016, and the stock market correction in the summer of 2015 might not feel too far in the past. But the market crash in 2008 is likely starting to seem more like a distant memory, especially given the fact that many investors' portfolios have grown substantially since the market hit bottom in 2009.
That's not to say that those market lows weren't unpleasant in the moment, but the lesson to be learned is this: Over time, investors who stay the course through a decline recover. In fact, from 2009 to 2016, the market has tripled, with the S&P 500 growing by 194 percent. But what about investors who didn't stay the course — who, in attempts to cut their losses, sold?Read More
When it comes to personal wealth management, one size doesn't fit all -- and that's especially true when it comes to female investors. Women control more than half of the wealth in the U.S. -- a number that the Federal Reserve estimates will increase to two-thirds of all private wealth by 2020 -- and comprise one-third of high net individua
Yet a 2009 study found that 73 percent of women aren't happy with the financial services industry; actually, it's more than just unhappiness -- almost three-quarters ofRead More
"I've been left an inheritance. What should I do now?" Our wealth advisors often field inheritance-related queries. We generally tell them to take some time and consider the wealth strategies that will maximize their good fortune.
Before you start spending, it's essential to first revisit your comprehensive financial plan and consider how your windfall will best help you meet your financial goals. While it's fine to renovate the masterRead More
Does retirement feel like it's far away in a hazy, distant future? Though it might seem like you still have a lifetime left before your golden years, now is the time to start retirement planning.
In fact, the earlier you start planning for retirement, the better. At each stage of life, your financial situation, responsibilities, and financial goals will likely change. But no matter which point you're at currently, looking at your retirement planning through a long-term perspective is key.
To keep you on the right track, ourRead More