Financial News

Comprehensive Financial Planning – quite the austere topic. It sounds like a serious examination, or something painful. Comprehensive Financial Planning is a phrase your Investment or Financial Advisor may have thrown around at some point, or perhaps something you were told to think about. But don’t worry, it’s not as complicated as it sounds. It is a fancy way of saying, “Let’s go over your current finances and find out what areas we can help you improve on.” With that said, let’s break it down.  

A wealth of assets is the primary goal of almost everyone, from individuals to small businesses and large corporations. However, any financial advisor will tell you that it's never a good idea to invest all your money in one type of asset -- even cash. You've probably heard of asset allocation, and you may even have a general idea of what it means. But do you know how to make it work for your situation? This guide should help.

If you've started to dabble in the world of stocks and investments or are thinking about doing so in the near future, you'll want to have a better understanding of the various fees associated with working with an investment advisor. Of course, you're probably thinking that you can do without an investment advisor in order to avoid having to pay any fees, but even some of the savviest investors utilize an investment advisor.

Traditionally, investors' portfolios consist primarily of stocks and bonds. Experts view these assets as the backbone of an investment portfolio, which have historically paid off over time.

Affluent investors can use their significant financial resources to explore investments others can't. These can be unconventional or unusual assets that go beyond the normal mainstays of the investment world, or they may be new or unexpected strategies they use to manage their money.

Whether you're young or young at heart, it's never too early, or too late, to get your financial house in order. If you're not particularly educated about the intricacies of financial management, taking those first money-management steps can be daunting. Where should you go for accurate financial guidance you can trust? Here are some great sources to get you started.

You may have heard of holistic financial planning. As its name suggests, it is a method of financial planning that encompasses many different aspects of income and capital management, from planning for the education of your children, to saving and investing for retirement, to estate and business succession planning. According to Kiplinger research, holistic financial planning, and in particular in the area of investment, could net you 1.5 percent more in average annual returns.

The purpose of money is to create stability, peace of mind and enjoyment for you and your family. If you work towards these three things, you'll always be on the right track. With that in mind, here's the order in which you should take on your financial planning goals.

Generating positive results in unpredictable and often volatile financial markets can be a daunting challenge.  But it is not to say that this challenge cannot be overcome.  Embracing an approach that utilizes a variety of asset classes to generate returns is one key method of overcoming this challenge and the associated volatility, but it is not the only one. Overcoming this challenge means utilizing this method among others.