The Wealth Advisor

(Flexible Plan) One of my favorite quotes comes from Teddy Roosevelt’s “Citizenship in a Republic” speech, which he delivered at the Sorbonne in 1910. In it, he declared, “The credit belongs to the man who is actually in the arena … who at the best knows, in the end, the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly. ...”

Like many other entrepreneurs, I was motivated to start my own business by that quote. The stirring words of the famous “Rough Rider” also inspired me in other parts of my life. 

(Dynamic) Financial advisors stand as fiduciaries dedicated to advocating for client interests and refining their expanding knowledge library, directly benefiting their clientele. Cornerstone to an advisor’s fiduciary insight lies in optimizing post-tax investment outcomes through strategic asset placement across designated accounts, termed asset location. Prioritizing asset location not only enhances the value of an advisor’s services but also distinguishes advisors from competitors.

(Orion) Last week was another tough week in the markets last week, particularly for the growth sector. The NASDAQ index, which is heavily weighted in technology shares, lost ground for the sixth consecutive day and lost over 5% for the week. It lost over 2% on Friday alone. The NASDAQ now trails the S&P 500 by over 3% year-to-date.

(Amplify) Put yourself in the shoes of a new client at your firm: You’ve just signed the forms and it’s all starting to feel very real. Now, your advisor is requesting that you compile a lot of financial information, asking in-depth questions about your risk and time horizons, and is talking about next steps to transfer your funds. Oh, and it’s also time to tell near-strangers all your money-related hopes and dreams, your family “secrets,” and your vision for the future. It can be overwhelming on a good day.