THE ART OF FINANCIAL COUNSEL
Wealth Management connotes an advisory relationship attuned to both investments & the overarching financial picture of individuals and families. In wealth management, a premium is placed on a team approach, in particular, coordinating with legal and accounting expertise. The basic truth of personal finance remains: the more folks have, the more moving parts there are to relate to. Our clients often want focus and attention go to these areas
- Asset protection
- Transfer of wealth issues and estate planning and implementation
- Income management and tracking
- Evaluation and tracking of performance of varied investments
- Due diligence to be performed on investments under consideration
- Budgeting strategy, refinements & reconciliation
- Coordinating communication and appropriately mobilizing the family's advisory team of attorney, accountant, banker, and so on
- Continuity/monitoring apropos taking action on advisory team's counsel & recommendations
- Tax planning & application across investments & expenditure
- Asset allocation—maintaining the big picture; which is to say, taking into account ALL asset classes and diversifying accordingly
Working with folks over time is quite powerful. There is the term "institutional memory;" well, in our line of work, we think of it as "family memory." We keep track of financial goals and objectives, of strengths and vulnerabilities, and of the very "human" dynamics of couples and families. Success is "an over time" proposition. One of our favorite expressions is: We want our client financial net worth to grow like oak trees. That is how we define success. It's about all the little things. Simple, yet sophisticated.
Or, as we put in our firm's tag line: we employ the science of investing and the art of financial counsel. This is wealth management. This is what we do at Butler Financial.
