If I had to sum up our purpose when it comes to comprehensive wealth management, I’d have to say we deliberately aim to help our clients do everything possible to “deserve success” in all market conditions. As George Washington was often quoted throughout his leadership, “We cannot insure success, but we can deserve it.”
When I think about individual investors, many factors have to be considered when constructing a portfolio that is appropriate for their given goals and objectives. Not only does one need to build a diversified portfolio of investments (across stocks, bonds, cash, and alternatives), they also need to incorporate other assets and liabilities on their balance sheet such as real estate, loans, concentrated holdings, business ownership, and human capital.
Beyond just the investment portfolio, it is also important to remember that whatever your balance sheet consists of, it should never be separated from your cash flow statement (one constantly affects the other). The first guiding principle of our Strength Based Wealth Management process is to “Always make your balance sheet, cash flow, and portfolio your friend, not your foe.” These three areas need to be in sync with one another to mitigate unwanted risks and dangers to an individual’s long term success.
There have been numerous studies to show a majority of US investors (including the wealthy) are not well diversified. Without full clarity of your entire financial picture and a specific plan in place that identifies strengths and weaknesses, you can run significant risks that you are not optimally diversified to weather the storms of volatile and choppy markets.
Our unique approach to wealth mastery includes two keys:
- Being an accomplished, penalty-resistant investor
- Being an accomplished, depletion-resistant wealth steward
When it comes to an investment portfolio we control the risks we can control utilizing our Evidence Based Investing (EBI) approach, focusing in on 5 key areas:
- Asset Allocation
- Security Selection
- Trading and Rebalancing
- Tactical Adjustments
- Investment Review
Our systematic approach and discipline includes adding risk beyond our neutral target when the odds of success are in our favor, and reducing risk when they are not.
Our Strength Based Wealth Management (SBWM) system focuses on the financial factors that enhance an investor’s strengths, while minimizing vulnerabilities that could irreparably damage their wealth. The areas of focus include:
- 35 Essential Strengths® (patented grid system)
- Advanced Planning
- Tax Planning
- Risk Management
- Estate Planning
- Business Enterprise Planning
- Talented Trusted Advisor Team Collaboration
There is a startling statistic that one in three American households is a single event away from going bankrupt! A good wealth management system, structure, support and discipline is designed to protect an individual or family from ever meeting this most unfortunate fate.
Our formula for deserving success and putting the odds in our client’s favor?