Asset Management
You and your family (partner, spouse) work hard to accumulate assets over a lifetime. The hope is that when the time comes for you to leverage those assets, they’ll be there for you to benefit from. Asset Management service is all about helping you manage YOUR financial assets using a prudent and conscientious approach.
Why Asset Management Is Important
Individuals and families depend on the assets accumulated over the years to sustain them later in life – in retirement or in the event of an unforeseen need. However, not everyone has the time to monitor and manage those assets. And even if you have the time, you might not have the skills and patience to do so. In not managing your assets diligently over your accumulation phase, you could potentially leave them exposed to erosion, destruction, or depletion. The result: You might not have those assets (or a significant portion of them) in times of need.
What We Can Do For You
Our Asset Management service covers the following:
- Determining your objectives: Not everyone has the same or similar financial objectives as they accumulate their wealth. To manage your assets prudently, we first need to understand what your goals are for initially collecting and subsequently using those assets
- Helping you choose your optimal asset mix: There are hundreds of asset types that you can invest in and as many ways to do so! Depending on your goals for asset use, we’ll help you choose the right asset mix that will most efficiently/effectively address those goals
- Assisting you create a strategic asset allocation plan (SAAP) and tactical asset allocation plan (TAAP): Successful investing is all about successful planning. We’ll help generate both long-term (strategic) and short-term (tactical) asset allocation and management plans in line with the recommended asset mix
- Building your portfolio: Today, thanks to Do-It-Yourself investing, anyone can create a discount brokerage account and start buying assets and including them in a portfolio. However, that’s not the most efficient or effective way to create long-term wealth. Using the allocation mix agreed upon, we’ll build a results-focused portfolio of individual investments (Stocks, Bonds, Mutual Funds, ETFs, Alternate investments) that will help you pursue your financial objectives
- Managing and monitoring the portfolio: Unless you have the time and patience to dedicate to portfolio management, it can’t be done effectively. We know you have other things to do – such as living your life, so we’ll watch over the portfolio for you, making sure it never strays from aiming for the objectives you desire
- Measuring performance: We track the performance of your assets under our care and constantly measure how they are performing against industry-recognized benchmarks
- Managing risk: Our Asset Management strategy includes appropriate risk mitigation as part of this service. We look at Market risk and analyze the longevity of your investments. Where there are new risks to the portfolio, we’ll consult with you and propose timely and proper actions to manage and mitigate them
- Reviewing, reporting, and recommending changes and revisions to the strategy: Our Asset Management service is based on constant and open communication and collaboration with our clients. Through regularly scheduled reporting and conversations, we ensure that your asset management plans are continually reviewed, revised, and updated to meet your changing circumstances
