Financial planners offer a variety of services, depending on their experience and area of expertise. Some specialize in investments, others offer retirement planning, and quite a few promise total wealth management.
The problem is that the definition of wealth management isn’t necessarily the same at every firm. All too often, when financial planners offer wealth management, what they really mean is short-term money management.
Money managers handle specific aspects of your financial world, like your retirement accounts or your investment portfolio. They help you choose the right mix of assets in an effort to maximize your returns. Wealth managers take a more global, long-term approach to your finances. They create integrated investment plans that address all of the issues impacting your financial wellbeing.
Your wealth manager keeps an eye on your total net worth and creates strategies for working towards your financial goals. This includes any or all of the following:
– Portfolio Management
– Retirement Planning
– Education Planning
– Estate Planning
– Cash Flow Analysis
– Risk Management
– Tax Management/ Minimization Strategies
Each of these areas makes a critical contribution to your overall financial health, and if you are a business owner, there is even more to consider. We take a holistic approach to creating your integrated investment plan. Our goal is to ensure you reach your financial goals by applying harmonized strategies that are customized for your needs.
Please feel free to contact us to schedule your appointment with a Pence Wealth Management integrated investment planning professional.