Author name: Richard Riva

Did You Know We’re Sponsors of the Dave Ramsey Education Program 1

Did You Know We’re Sponsors of the Dave Ramsey Education Program?

By Richard Riva and Martin Lombrano It’s no secret that there’s a lack of financial education in our school system. Many children grow up never learning how to properly manage their money, avoid debt, or start saving. Instead, they’re forced to learn through trial and error. Many teens and young 20-somethings dig themselves into debt …

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How My Family Lost Everything

By Richard Riva I learned from an early age that you cannot preserve a legacy without having advice, planning, strategy, and governance in place. It does not matter how hard you try.  I learned this difficult lesson when my father died prematurely and our family lost all of his inheritance in court. It’s a story …

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5 Reasons Why Your Parents’ Financial Advice Is Not Going To Work For You Today

5 Reasons Why Your Parents’ Financial Advice Is Not Going To Work For You Today

By Richard Riva What financial advice did you get from your parents growing up? You may have heard things like:  Unfortunately, our economy has changed drastically over the decades. Your parents’ advice (no matter how well-intentioned it may be) probably won’t work in today’s markets. Here are five reasons why. 1. Cost of Living Has …

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How To Plan For Life’s Challenges: Addressing Financial Goals While Preserving Family Legacy

By Richard Riva If the last year has taught us anything, it has shown us that life is unpredictable. You may have everything figured out, and then life throws you a curveball and you must adapt to the circumstance. That’s why when investors move through a timeline of common life events and unique circumstances, it …

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WMS Sponsors Sage Hill High School and Newport Harbor High School

NEWPORT BEACH, Calif. — Wealth Management Solutions is sponsoring a financial literacy program at Sage Hill High School and Newport Harbor High School as part of their commitment to preparing young adults in the management of their finances in life. Wealth Management Solutions provides the care, guidance, and course corrections for successful family business owners …

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How will heirs manage your wealth

How Will Heirs Manage Your Wealth?

By Richard Riva As the owner of a family business, you’ve poured everything you have into growing your company and achieving the success you deserve. Have you thought about how your heirs will manage your wealth beyond your lifetime? Since money is already a subject of discussion avoided in our culture, too often high-net-worth families …

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