You win some. You lose some.
That is a dangerous adage to accept when it comes to your hard earned money and future security. Yet, so many people leave their financial fortune to chance. Or equally as precarious, they attempt to tackle the world of financial planning without the experience and knowledge of complex economic markets. In which case, you can lose more then just some, with far-reaching and devastating results for your financial well-being.
Still, to be truly successful in your financial plans, you need more than just investment advice. You need value that translates to winning.
There are 5 key ways the right financial planning Maryland firm will add value to your wealth management.
- They are an independent, fee based and a registered investment advisor.
Fee based compensated firms work under fiduciary principles, which serve the best interest of the client and ensure transparency throughout the process. Commission based advisors have to push for the sale of particular products under the principle of suitability. They serve the best interest of their company and recommend products that are only “reasonably” suitable for you.
- They have extensive education and experience.
Navigating the ever changing field of products, taxes, laws, costs, securities, asset allocation, and insurances requires tremendous expertise and proven asset management strategy. Valuable advisors have experience in all market climates and years of successful portfolio management all built on sound disciplines and careful analysis.
- They offer a personalized approach.
Designing a plan customized to your unique life circumstances is essential to achieving your life goals. How much you are willing to invest, personal time horizons, and risk tolerance are different for each person. In the world of financial planning, one size does not fit all and applying a philosophy of universal form to your money management can have adverse effect on your current and potential wealth.
- They offer comprehensive service.
Investment management, estate, retirement, tax, and insurance planning, trust administration and even philanthropy goals are inter-related and need to be considered when developing your whole financial plan. Without proper insurance, many investments are at risk. Without proper titling, estate planning can incur unnecessary taxes and costs while retirement income rests on the success of investment management. A holistic approach optimizes both building wealth and protecting it.
- They provide realistic expectations and accountability.
Financial advisors chart a course of action by clarifying objectives and using their expertise to help you remain confident and on course as life changes and markets fluctuate. As your financial status increases or suffers a setback, as health challenges come up, or new responsibilities come into play, your advisor can help guide you in the contributions, insurance and tax adjustments you may need to make. It’s important to know exactly what to expect from your nest egg when it’s time to use it.
Calvert Investment Counsel understands the value financial planning services add to your wealth management. We are experts with decades of experience who can design a plan unique to your needs and bring together all the elements of your money management to keep you on track for a secure future.
In a world where winning and losing is a matter of planning – go for the win.
Your Next Step:
Call us at 410-435-3270 or click here to schedule your consultation with a Calvert Investment Counsel advisor.