Podcast Topic: Wealth Management

There Comes A Time

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At some point in a business owners life there comes a time to make the decision to sell the company. We discuss how and when to recognize that this might be the time and to act on it. The best way to understand this is to plan for the eventual sale of a business, understand how much the business might be worth, evaluate whether that amount supplies the assets necessary to complete your retirement plan and start to formulate a spending program for post retirement. It is seriously important to invest carefully, conservatively and with a protection of assets mentality in order to successfully navigate this next chapter in your financial life.

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Sea Change in Asset Management

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Over the last 25 + years there has been a real change in the way we expect a financial advisor to help us. Years ago we had brokers that helped us trade stocks, had a large sales force, created and sold product and had a long history of depending on a client’s willingness to change. In today’s world your independent registered investment advisor is held to a highest standard of care, does not create or sell product and is able to help you fashion a financial plan that is specifically suited for your needs and wants. This remarkable evolution in asset management allows you to find and work with an independent financial advisor that will find investments that fit your portfolio instead of fitting you into his program.

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Risk, Investing & Tolerance

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This podcast discussed the change from producing active income to passive income in the transition from work to retirement. It goes into detail to examine the amount of risk that can be tolerated in terms of the amount of time the various blocks of money can be invested. For instance, money needed in the short term must be invested much more conservatively than money the is allocated for legacy issues for heirs. By carefully examining the nature of assets and breaking them into time sensitive categories it is much easier to choose appropriate investment options and the amount of risk that can be tolerated.

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