Wealth Management 101

What is Wealth Management ?

Basically it is about setting goals: what do you want to achieve for yourself and your family in your lifetime and beyond.

• for many, one of these goals is Financial Independence
• the more independent you are, the more options you will have

Meet Tim and Jenny

• early thirties
• both professionals
• excellent savers
• savvy spenders
• renters
• now, with the power of compounding and a professionally managed, balanced and diverse portfolio they have accumulated $1,000,000
• they are "retiring" from their jobs in 2015 and choosing new, more rewarding career paths.

That is Financial Independence.

How many would love to be in their shoes?

• They set their goals early on, honed them and fine tuned them along the way, made a plan and stuck to it.
• It is easy to get distracted along they way:
• the lure of home ownership
• the shiny object of the "latest" fad in financial advice (plenty of that in the media these days)
• the constant re-assessment: are we doing the right thing?
• difficult financial markets and second guessing yourself
• All of these can trip you up, which makes getting good advice along the way even more important
•  Good Advice : what is that?
• It is a professional who has your back in seeing you to your goals.
• Who helps draft a plan: target growth and risk mitigation
• Who monitors it and makes the appropriate adjustments on an ongoing basis
• Who helps distinguish the reality from the "noise"
• Who is not conflicted by selling you things, ie is fee based.
• Who's fiduciary responsibility (putting you first, ahead of his/her personal objectives) is the absolute priority.

Set your goals, make a plan and get good advice.

That is Wealth Management.

Stay tuned, more to come.....