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There are so many families out there that are missing fundamental elements of sound personal finances like:
- a real written financial plan,
- estate planning (i.e. trust etc.)
- and adequate life insurance.
Yet, these same people have worked with or are working with various financial folks that they really like.
Why didn't the various professionals they work with insist that the critical missing links be put in place? Here's why!
- There was nothing in it for them.
- It might delay them selling their product to you.
- It meant additional work for you and/or them.
- They didn't know experts in that area.
- They were concerned that once you paid for other services that you wouldn't pay for their services.
Notice a pattern? It's all about themselves not you. Sad but true.
You need to find someone that cares enough to risk the relationship to do what's right.
The way I look at it is this: If someone doesn't want to know the truth, get the best advice and then implement it - then we are not a fit to each other.
The product salesperson just wants to sell their product and even if it is a one-time event, they are happy.
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What to Do Next
The most important first step is to understand what is most important to you, establish goals that are in alignment. Then choose someone that can bring a team of independent experts together and formulate the advice to make it happen. That said, it is normal to want to jump right into investing. We regularly analyze folk's current investment strategy with nothing expected in return. (We'll analyze other aspects of your strategy if you wish.) We look at: - Overall Performance (vs. benchmarks & our model portfolios)
- Portfolio Design
- Diversification
- Fees & Expenses
Give us a call. 760-804-0910 |
