No One Cares More About Your Money Than...

We’ve all heard the sayings. No one will ever care more about your money than you do. Or your health, or your life for that matter. This is a very true statement; one which should be looked at with great importance. Interestingly, from a money perspective, we have found that it is often used in discussions about whether one should engage in a relationship with a wealth management firm, or just do it on their own. Like the only option is to fully trust in the perspective of others and remove your participation or do it fully alone. Personally, I do believe that no one will ever care about your money than you at that level. How could they, and why should they? However, I do not think that is the best way to engage in the discussion. Please allow me to explain at a deeper level.

When we think about the world of wealth management and all the things that currently exist in our lives, it can be overwhelming to even think about. Taxes, investments, longevity, Social Security, insurance, legacy planning, etc. Not only that, but our society has provided limited education from a mass market perspective. So, we often end up having to sort through things that we don’t have a deep understanding of but need to accurately plan for. Yet, we are often brought back to the discussion about the two-choice option; do it alone or hire someone.

If I didn’t think that we bring true value to the people we work with, I would not be running a wealth management practice. Actually, the relationships we often find the most valuable are the ones where the client firmly believes no one will ever care about their money more than them. They simply appreciate the added expertise of working with someone who can help guide them through the complexities of the situation. The discussion is not about who cares more, but about how working together becomes stronger than working alone. It’s celebrating the confidence and journey of our clients, while helping them solve the problems that money often presents. It’s often those folks that have the least certainty in their own care about finances that present the most opportunity for in-depth discussions on what it all means.

So. One may think that working with a wealth management firm entails giving up control, decision making ability, or may somehow hinder the opportunity for the best outcomes. It sure has been presented that way in our culture. Why else would there be so much discussion on all of this? We happen to have conviction in the thought that the more confident our clients believe in their own decision making, feel most in control and realize working together can provide even greater outcomes, is where the true magic happens.

Investing involves risk. No investment strategy can guarantee positive results. Loss, including loss of principal, may occur. Material discussed is meant to provide general information and it is not to be construed as specific investment, tax or legal advice. Keep in mind that current and historical facts may not be indicative of future results. Diversification is an investment strategy that can help manage risk within a portfolio, but it does not guarantee profits or protect against loss in declining markets.

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. (C) Twenty Over Ten