Generally speaking, the longer you invest, the more potential your money has to grow. If you are still trying to recover from losses in recent years and you’re looking to get back on track to accumulating wealth, you may want to consider a more aggressive asset allocation with at least a portion of your money. However, those who’ve lost in the stock market may sometimes be a little more wary of approaches that increase their market risks.
If that sounds like you, there are more conservative investment options available that provide the potential for wealth accumulation. Using these investment options in conjunction with insurance contracts such as annuities can help you design a more conservative retirement strategy. After all, the last thing you want to do in retirement is lose more ground during another market correction.
You worked hard for your assets. Now they can work for you.
Inflation, unexpected expenses, once-in-a-lifetime travel opportunities… Predicting the unpredictable is impossible. That’s why it may be prudent to have a certain amount of your nest egg in investment products.
Investing involves risk, and there are no ways to guarantee that you won’t lose money, but having a certain portion of your assets in the market gives you the opportunity to build on your existing wealth. Over time, that growth potential could help you offset the effects of inflation and other factors that erode the purchasing power of your assets — assets you may be counting on to see you to and through retirement.
From stocks and bonds to mutual funds and retirement accounts, we welcome the opportunity to help you figure out where investment products might fit in your overall financial strategy.
When you hear the term “wealth management,” your mind might conjure up images of the richest people in the world. But the reality is that you don’t have to be a multi-billionaire to benefit from working from the most respected professionals in wealth management Memphis can provide. Whether you’re currently celebrating your success and want to do everything you can to preserve your assets or you’re working hard to make up for recent losses, you might do well to work with a financial planner who offers wealth management services to their clients.
Wealth management essentially refers to the process of maintaining assets and investments. By dispensing recommendations based on years of experience, financial advisors can personalize a wealth management strategy for their clients to increase wealth accumulation. Typically, wealth management strategies are used in conjunction with other forms of asset protection and investments to ensure lifelong financial stability.
Investing can be a risky business; while it can come with monumental payoffs, it may also lose its appeal to those who have experienced losses in the past. By focusing on wealth management, you can mitigate risk and maximize rewards.
If you’re wondering where to begin, your first step should be to find a leader in wealth management Memphis clients trust. At Servant Advisors, we understand the unique challenges faced by our clientele. Our mission is to make your retirement as financially stress-free as possible — and wealth management plays a pivotal role in achieving that goal. From tailor-making a conservative investment strategy to keeping a close eye on your assets, we’ll support your aims for a thriving financial future.
Ready to take the first step in managing your wealth? Contact our team today to get started or to learn more about our financial services.