We’ve all heard of “wealth management” but may have different interpretations of what this means and why it’s important for our financial lives.
At Rely Wealth, we define wealth management as more than just investing your money. It’s a holistic approach where the decisions affect every area of your life. Such as:
- How prepared am I for retirement?
- Will my family be taken care of if something happens to me?
- Is my investment plan appropriate?
- Am I ready for my children’s educational future?
- How much support should I give my kids without spoiling their ambitions?
- What does an effective giving strategy look like?
Ultimately we want you to have a sense of clarity when it comes to your wealth – to know what you have and how it’s working for your benefit.
We will address questions like these and discuss the various facets that wealth management encompass:
Financial Planning
Developing a personalized plan to put your money to work for you.
- Recommended Reading: Financial Planning – what you need to know
Budgeting and Cash Flow
Tracking your income vs expenses and allocating with your goals in mind.
- Recommended Reading: Budgeting and Cash Flow – what you need to know
Investment Management
Investing while prioritizing risk management and maximizing growth opportunities.
- Recommended Reading: Investment Management – what you need to know
- Recommended Reading: Brokers vs. Advisor
Estate Planning
Protecting your assets and preserving your legacy for generations to come.
- Recommended Reading: Estate Planning – what you need to know
Retirement Planning
Creating custom solutions to reach your retirement goals.
- Recommended Reading: Retirement Planning – what you need to know
Education
Preparing for your children’s education while implementing savings options.
- Recommended Reading: Education – what you need to know
Charitable Strategies
Identifying causes you care about and maximizing your legacy impact.
- Recommended Reading: Charitable Strategies – what you need to know
Insurance Strategies
Assessing your risk to ensure proper protection for you and your loved ones.
- Recommended Reading: Insurance Strategies – what you need to know
Banking and Lending
Exploring your lending options with your full financial picture in mind.
- Recommended Reading: Banking and Lending – what you need to know
Tax Minimization
Navigating the complexity of taxation while minimizing your overall tax burden.
- Recommended Reading: Tax Minimization – what you need to know
We plan to dig into each of these facets and not only explain in depth what each element of wealth management means, but give you a way to measure whether you are hitting the mark in that particular area of your financial life. You can expect to glean some valuable information about your financial health and hopefully a better understanding of your possible next steps.