How's the health of your wealth?
If you're like most Americans, you have no idea when you'll be able to retire. And if you're a Baby Boomer (born between 1946 and 1964), you might be feeling a bit of panic as you enter your 50s and 60s without a plan. However, it doesn't have to be that way.
Wealth managers work with clients to create their personal path to financial independence. And once they retire, we continue to help them plan to realize their dreams and achieve their lifetime goals. Even so, there are many people who still don't understand the role of a wealth manager, the value they bring, and how important they are for anyone who's serious about maintaining the health of their wealth.
The role of a wealth manager
Here's a simple analogy: Your wealth manager is like the manager of a sports team. First, we conduct a thorough financial assessment of each client's resources, dreams, goals, and risk tolerance. Then we customize a strategic long-term financial plan designed to reach those objectives. And though we don't prepare income tax returns or draft wills and trusts, we do ensure that our clients develop relationships with tax professionals and attorneys to keep their financial game plan on track. We also make sure that our carefully crafted plans address estate planning, charitable gifting, investment consulting, and the safety nets provided by various insurances.
The value of experience and dedication
Some people wonder if they could create and monitor a financial plan on their own. I suppose it's possible, but is it worth the risk? You'll have to develop a comprehensive long-term investment strategy. Then you'll need to stay on top of an ever-changing market, sift through a deluge of data, and analyze it properly so you can make critical decisions regarding your investments. Do you feel that you have the expertise to do all that? At Atchley Financial, we have over 50 years of combined experience in wealth management. It's what we do every day.
A simple test
Only you can decide whether working with a wealth manager is right for you. But here's something to think about: Assuming that the advisor charges 1 percent per year to manage your investments, does it seem probable that the advice you receive will:
• Increase your overall return by more than 1 percent a year?
• Save you more than 1 percent a year in investment mistakes?
• Save you time, effort, and worry worth more than 1 percent a year?
We're here to help
If you answered "yes" to any of the questions above, you might want to give us a call. At Atchley Financial, we empower you with the information and experience you need to make intelligent decisions regarding your wealth. What's more, our tight-knit team of financial specialists combines professional standards, passionate commitment, and a personalized manner to offer one of the highest levels of service in wealth management today. So call today and let us give you a second opinion on the health of your portfolio. As your partner, we're here to help make sure that you always have the peace of mind that you're choosing wisely.
The author
Les Atchley is the founder of Atchley Financial Group, a national wealth management firm headquartered in Coeur d'Alene that specializes in retirement, investment, and estate planning. He and his team of knowledgeable professionals help clients make intelligent decisions with their wealth in order to realize their goals and achieve financial independence. You can contact him directly at 208-664-1900 or learn more about the firm by visiting their website at AtchleyFinancial.com.
Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA/SIPC, a Registered Investment Advisor. Atchley Financial Group, Inc. and NPC are separate and unrelated companies. Les Atchley is a Representative with National Planning Corporation (NPC).