Turney Wealth Management
Wealth Management
Wealth Management
Investing your money in the stock market is a tricky process. The performance of a stock will change as time goes on, so in order to prevent losses, you’ll need to invest in the right stocks at the right times. And, if you want to do that, you’ll need to do your research and/or seek help. If you work with a financial advisor with a more “active” wealth management approach, they may be able to help you. But, what does “active” money management mean, exactly?
“Passive” money management refers to a method where you don’t have a person actively looking after your investments. Now, this might work fine over longer stretches of time, but it comes with a higher risk. “Active” wealth management, on the other hand, involves someone advising you on how you should invest. As we said, hopefully in the right places at the right times. They do this in order to hopefully get you more long-term success. We not only have an “active” approach, but we take it a step further by checking up on you regularly.
Annual Meetings With Clients
Our annual checkups with our clients offer an opportunity for us to take a look at their finances.
We can evaluate the success of your current retirement strategy, and how it may be improved. Checking up on you to make sure your finances are still in order is something that sets us apart from other professionals like us. How do you know if your retirement strategy is still working for you? There are quite a few factors that can affect your investments over the course of an entire year. Thankfully, we can help you stay on track at our annual checkups. Some possibilities we can discuss with you include:
- Your portfolio might not be as diversified as you thought
- Your asset allocation could be out of balance
- Laws change frequently, which may affect you
- Your financial goals might have changed during the past year
- Similarly, your overall life situation could have also unexpectedly changed