It has been said that “failing to plan is planning to fail,” and this saying certainly holds true when it comes to your wealth. Years of research show that investors who follow a carefully planned set of guidelines have a higher success rate than those who act on their emotions or make frequent changes.
In order to build and preserve your wealth over time, you must remain consistently disciplined by following your plan and not allowing temporary activity in the markets to interfere with your decision-making process. While this is a simple concept, it is not easy in practice. Most people are not prepared to act rationally and stick with a plan when confronted with emotional, challenging facts related to their investments.
A key aspect of OUR ROLE AS ADVISORS is to act as a barrier between investors and their own instincts. We help you create a written plan that allows you to capitalize over the long term. By balancing shorter-term fears with longer-term needs and objectives, you can remain comfortably committed to your plan.
We also recognize that planning goes beyond just your balance sheet. We help to identify and implement the strategies that your family can use to support your deepest values and to be empowered by the true worth of your tangible and intangible assets.
While your plan should never adapt based on impulsive decisions, it will require adjustments over time to reflect innovations in asset management, tax law, and industry regulations your own transitions into new life stages and shifts in your values, goals, and financial situation. A plan that was an accurate reflection of your deeply held values ten years ago may be obsolete today. All of our clients benefit from regularly scheduled meetings to review their plans, assess their current situations, and make as-needed adjustments with a focus on the long term.
Learn more about our planning process and contact us to discuss how we can craft a strategic plan to help you achieve your financial goals.
The Planning Process