By Richard Riva
Have you ever thought about why you have an investment strategy? Whether they consciously think about it or not, most investors have a life purpose beyond the returns they generate. Knowing your purpose makes investing more meaningful and is the first step to developing a plan to accomplish your investing goals in a personally rewarding way. At Wealth Management Solutions, we utilize four cornerstones to help you manage your wealth with purpose: the advice you receive, the plans we design, the strategy we deploy, and the governance we use to protect your wealth. Here are some other factors to consider and how we help our clients pursue their unique purpose for investing.
Uncover Your Purpose
Every investor has a different purpose in life when it comes to their investment strategy. Some want to provide for their family or save for their children’s education. Some want to build savings that will last throughout their retirement. Others may be interested in giving back to the community or finding ways to pass on wealth for future generations to come. To uncover your purpose, think about what motivates you, what you want to accomplish with your investing, and why you want those outcomes. We’re dedicated to uncovering your distinct life purpose to develop a plan uniquely tailored and positioned to foster long term financial independence.
Align Your Investment Strategy With Your Purpose
Having a process in place is critical to align your investments with your purpose. You need a way to evaluate how your current strategies compare with your purpose and objectives you want to accomplish. Our approach to align your investing strategy with purpose is anchored by four pillars: advice, planning, governance, and strategy. With fiduciary advice, we develop investment plans to grow savings, risk management plans to protect assets, and estate and philanthropic plans to help you give back. Planning allows us to preserve, distribute, and extend your wealth with estate, financial, life, and tax planning. We design strategies for wealth and estate transfers, business and financial succession, and risk management to preserve your legacy. Lastly, governance over reporting and record-keeping, compliance and regulatory services, and administrative services provide confidence that we are working on your behalf.
Your Purpose Will Change Over Time
Life isn’t static, so your purpose as an investor won’t be either. Make sure to factor life changes into your investment plan. Every investor goes through different stages in their life. Whether it is accumulating assets, preparing to retire, or leaving a legacy, we work with our clients to ensure modeling and investment changes support them throughout these stages. We provide actionable strategies to pursue investing goals, no matter where you are in life.
What Is Your Purpose?
Do you have a purpose with your investment strategy? Does it align with your advice, planning, governance, and strategy? The future of wealth management will be dedicated to stewarding clients so they can live an abundant life with their unique purpose in tow. At Wealth Management Solutions, we’re here to help deliver care, guidance, and course corrections so you can manage your wealth with purpose. Schedule a complimentary consultation by contacting us at (949) 475-9700 or firstname.lastname@example.org.
Richard Riva, the founding partner of Wealth Management Solutions, helps families advance their purpose in the framework of family financial matters. He brings comprehensive experience in banking, trust and investment services, and as an independent financial business, the passion in helping people and families, as a trusted advisor. Richard is a proud veteran and currently serves on the California State Guard.
All investing involves risk including loss of principal. No strategy assures success or protects against loss.
The opinions voiced in this material are for general information only and are not intended to provide specific investment advice or recommendations for any individual.