Wealth Management

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Wealth Management

Investing in the stock market is an intricate process. The performance of a given stock will change as time goes on. During your younger years, you were probably fine with this, as you could just invest for the long term, riding the ups and downs. But now that retirement is nearing, you’re probably more focused on safety. If you want to prevent losses, you must do your research and invest in the right stocks at the correct times. It’s a delicate dance. It would be advisable that you work with a financial advisor with an “active” approach to money management. They can help with this.

Active Vs. Passive Money Management

“Active” money management must be distinguished from “passive” management. If your investments are passively managed, this means there isn’t someone keeping up with and looking after them. This might work fine over a long period, but eventually it won’t be viable: What if you suffer a loss, but need that money, and don’t have time to make it back? Active money management, on the other hand, entails having someone to advise you on how to invest. This is done to hopefully get you more success in the long run.

Know What's Going on With Your Money

Annual Financial Checkups

How do you know your financial strategy is still working for you? Many different factors can affect your investments over the course of a year. However, we can help you stay on track at our annual meetings with you. These annual meetings or “checkups” with clients allow us to take a comprehensive look at their financial situation, the success of their current strategy, and how they may be able to improve it. Checking in on you to make sure your finances are still in order is something that sets Redelsperger Financial Group apart from other firms similar to us. Some things we can discuss include:

  • Your asset allocation being out-of-balance
  • Your portfolio may not be as diversified as you think
  • Your financial goals may have changed with time
  • And, your life situation could’ve unexpectedly changed
  • Laws can also change: For example, tax laws change frequently