Wealth Strategies

Wealth is the abundance of valuable resources or valuable material possessions.

Wealth creation refers to the amassing of assets and property that is a surplus to the requirement for survival. This surplus, or wealth, may be used to amass an even greater surplus to the requirement via the further acquisition of resources and means of production.

Wealth Management

Wealth management as an investment-advisory discipline incorporates financial planning, investment portfolio management and a number of aggregated financial services. High-net-worth individuals (HNWIs), small-business owners and families who desire the assistance of a credentialed financial advisory specialist call upon wealth managers to coordinate retail banking, estate planning, legal resources, tax professionals and investment management. Wealth managers can have backgrounds as independent Chartered Financial Consultants, Certified Financial Planners or Chartered Financial Analysts (in the USA), Chartered Strategic Wealth Professionals (in Canada), Chartered Financial Planners (in the UK), or any credentialed (such as MBA) professional money managers who work to enhance the income, growth and tax-favored treatment of long-term investors.

In general, wealth management is more than just investment advice, as it can encompass all parts of a person’s financial life. The idea is that rather than trying to make sense of advice from a series of professionals, high net worth individuals benefit from a holistic approach in which a single manager coordinates all the services needed to manage their money and plan for their own and/or their family’s current and future needs.

The wealth manager starts by developing a plan that will maintain and increase the client’s wealth based on that individual’s financial situation, goals and comfort level with risk. After the original plan is developed, the manager meets regularly with clients to update goals, review and rebalance the financial portfolio, investigate whether additional services are needed and ideally, follow clients throughout their life.

Wealth managers are often part of a wealth-management firm, with access to a team of in-house experts and services, but may also be solo practitioners who rely on their own network of independent experts. Management fees vary widely and should be researched thoroughly before engaging a wealth manager.


Wealth Management Process

Every element of the Wealth Management Process reflects your goals and values, and the result of this process serves as the foundation for all of the work we do for you. After we map out your plan using the Wealth Management Process, we work diligently to keep your financial affairs on track and make sure you understand the consequences of your financial decisions.

Discovery – Using the Wealth Management Process, we help you discover your true goals and values that will be the foundation of future wealth management planning strategies. Here we explore the goals and values that are important to you and prioritize them in order of importance.

Assessment – Once we uncover the significant information that will be used to help build a sound financial plan, we assess your current and long-term needs to determine your goals.

Evaluation – Working within your goals and values, we evaluate your needs and preferences by determining spending and lifestyle requirements, philanthropic interests and the desire for generational wealth transfer.  We also analyze your current assets to get a clearer picture of your current situation.  This helps us determine where you are in achieving what is important to you.

Implementation – We develop and implement a suitable strategic plan to help you plan for your retirement and optimize your cash flow.  This will allow you to meet your current needs and to help you reach your goals.

Periodic Review and Adjustments – Taking into account current market conditions and trends, we periodically review and adjust your strategy against your goals and values and evaluate possible adjustments – thus helping you gain financial peace of mind.