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Wealth Management
Ask our experts at Faragi Group Retirement Solutions LLC about your Wealth Management options. We’re here to help you.
Wealth Management
Investing in the market is a challenging process. If you want to avoid losses, which we feel should be your primary goal, especially in retirement, you must conduct research and invest in the right stocks at the right time. We also think working with a financial advisor who takes an “active” approach to wealth management would be ideal for doing this. But what does that mean? We’re glad you asked.
"Active" Vs "Passive" Wealth Management
“Active” money management entails having a financial advisor help by advising you on how to invest in order to avoid losses and hopefully achieve more long-term success. This differs from “passive” wealth management, a strategy wherein your investments aren’t being monitored. Passive money management may work fine over the long-term, but as you get older, the level of risk it carries may no longer be viable. This is why an active approach to keeping your nest-egg protected is so important.
Annual "Financial Checkups"
We offer annual meetings with clients to review their finances, assess the performance of their retirement plan, and discuss how it might be improved. Your situation and needs can change over time, so the solution may not be as simple as selling you something and walking away. That is why we take the time to follow up with clients and ensure that everything is still working as intended.
Several factors can influence your investments over the course of a year. However, we can help you stay on track at our annual meetings. Some changes that may occur include:
- Your asset allocation might be out of balance.
- Your portfolio may not be as diverse as you believe.
- Your financial goals might have altered.
- Details about your living situation also could have changed.
- Certain laws that affect your financial plans may have changed.
Reach Out Today
Looking for Wealth Management advice? We can help get your questions answered.
