Wealth Management Guide

With such a dynamic economy in the past decade – see the stock market struggles and the housing calamity – wealth management has become more important than ever before. Although you might initially think of high net-worth individuals when the word wealth management makes an appearance, the truth is, anyone has the potential to benefit from the practices in a good wealth management guide intended to see you comfortably through your retirement years.

If, however, you’ve already secured a substantial nest egg, diversification and proper investment strategies can be designed with the goal of allowing you to maintain the health of your hard-earned savings, but increase them (1). Management is the operative word here; after you’ve established how much money you’ll need for your lifestyle in retirement, working with an established and knowledgeable wealth service professional to establish a wealth management guide may make all the difference in the world.

5 Important Components of a Robust Wealth Management Guide

  • Asset Management: If you’ve corralled a respectable number of assets during your lifetime, these tend to be the biggest components of a robust wealth management portfolio. A capable financial planner creates plans designed with the goal to make sure that associated costs are balanced, risks minimized, and opportunities maximized. The end-result, with all the complexities considered, is a plan designed to optimize the different factors that results in maximum delivery of value.
  • Wealth Strategies and the Stock Market: Let’s face it: the stock market is easy to “learn” but difficult to learn well. Many successful portfolios are managed by a knowledgeable adviser/planner. Managing charts, assessing the rise and fall of company values with fundamental and technical analysis, and many other things, is a specialized skill set buttressed by experience. At MultiGen Wealth Services, there are dedicated professionals; we will help you choose suitable investments – depending on whether you want a “hold-and-see” strategy, investments that generate income, or other options.
  • Planning for Education Costs: This aspect of wealth management is important if you have children – there’s no question that they add a considerable toll to your savings needs. College tuition is costly, and without a plan, you might find yourself scrambling to make up the difference that any scholarships and state grants don’t cover. And since you undoubtedly want the best education for them that you can afford, planning starts now. Chances are, the tuition landscape will be almost unrecognizable a decade from now, so you want to consider investments that take inflation into account at the very least.
  • Life Insurance: When it comes to life insurance, the options are almost as varied as your imagination. There’s personal insurance, disability insurance, universal, whole life and many more options. Some of them are skewed toward maximum coverage, others toward guaranteed (2) death benefits, and still more focus on immediate financial imperatives. The wealth management professionals at MultiGen are committed to helping you decide which one is appropriate for your needs.

Ultimately, it’s your money; having the right people in place to help manage your wealth can open up many more opportunities for stretching your dollars as far as they’ll go.

Contact the wealth management professionals at MultiGen Wealth Services today to start building your wealth management guide.

1 There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk

2 Guarantees are based on the claims paying ability of the issuing company

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. Investing involves risk including loss of principal.