Am I A Good Fit?
My ideal client has at least $500,000 of investable assets and shares one, or more, of the following characteristics:
“I am nearing retirement or have recently retired.”
Many folks nearing retirement may have self-managed their portfolios for their entire careers, but now that they are actually approaching retirement they need reassurance they are indeed ready and managing their finances appropriately.
The most critical “investing period” of most people’s life is the 10-14 year period surrounding their retirement date as they are most susceptible to large market downturns / losses during this period of time. This concept is referred to “Sequence of Returns Risk.” Portfolio risk must be managed more carefully during this period than ever.
Additionally, early retirement often provides many great tax planning opportunities. Many decisions must be carefully made regarding when to withdraw money from various financial “buckets” (pre-tax accounts, tax-free accounts, taxable accounts, Social Security benefits, pension benefits, annuities, etc…). These decisions can greatly impact the after-tax value of your financial resources, your lifetime income, and the achievement of your financial goals. Most often I have found that my recommendations are not what clients were planning on doing. Informed decisions with the aid of an expert can greatly improve outcomes.
“I am concerned the stock market is overvalued could experience significant losses.”
I am also. I will provide you the hard historical data that supports this view and then help you navigate the storms with a prudent investment strategy to help you achieve financial independence regardless.
“I don’t trust commissioned brokers and insurance salespeople.”
There is heightened potential for abuse and conflicts of interest when an advisor is compensated via third-party commissions, which I am not. You may not even know this is how your advisor is being compensated or how much they’re being compensated. These conflicts could lead to recommendations that are not in your best interest but simply provide the greatest commission to the ‘advisor.’
“I want someone to help me proactively plan my future in addition to simply managing my portfolio.”
One of the first things I do with clients is prepare a Financial Plan that includes long-term projections and a variety of scenarios unique to your circumstances. The Plan serves as the blueprint for all major financial decisions we make together, which is why it is so important to do at the beginning of our relationship.