Asset Management
You and your family work hard to accumulate assets over a lifetime. The hope is that, when the time comes for you to leverage those assets, they’ll be there for you to benefit from. Asset Management service is all about helping you manage YOUR financial assets using a prudent and conscientious approach.
Why Asset Management Is Important
Individuals and families depend on the assets they accumulate over the years, being able to sustain them later in life – in retirement or in the event of an unforeseen need. However, not everyone has the time to monitor and manage those assets. And even if you have the time, you might not have the skills and patience to do so. In not managing your assets diligently over your accumulation phase, you could leave them exposed to erosion, destruction or depletion. The result: You might not have those assets (or a significant portion of them) in times of need.
What We Can Do for You
- Determining your objectives: Not everyone has the same, or similar, financial objectives as they embark upon accumulating their wealth. To manage your assets prudently, we first need to understand what your goals are for initially accumulating and subsequently using those assets.
- Help you choose your optimal asset mix: There are hundreds of asset-types that you can invest in, and as many ways to do so! Depending on your goals for asset use, we’ll help you choose the right asset mix that will most efficiently/effectively accomplish those goals.
- Building your portfolio: Today, thanks to DIY-investing, anyone can create a discount brokerage account and start buying assets and including them in a portfolio. However, that’s not the most efficient or effective way to create long-term wealth. Using the allocation mix agreed upon, we’ll build a results-focused portfolio of individual investments (Stocks, Bonds, Mutual Funds, ETFs, Alternate investments) that will help get you to your financial objectives.
- Managing and monitoring the portfolio: Unless you have the time and patience to dedicate to portfolio management, it can’t be done effectively. We know you have other things to do – such as living your life, so we’ll watch over the portfolio for you, making sure it never strays from delivering the objectives you desire.
- Measuring performance: We track the performance of your assets under our care, and constantly measure how they are performing against industry-recognized benchmarks.
- Managing risk: Our Asset Management strategy includes appropriate risk mitigation as part of this service. Where there are new risks to the portfolio, we’ll consult with you and propose timely and appropriate actions to manage and mitigate them.
- Reviewing, reporting, recommending changes and revisions to the strategy: Our Asset Management service is based on constant and open communication and collaboration with our clients. Through regularly scheduled reporting and conversations, we ensure that your asset management plans are continually reviewed, revised, and updated to meet your changing circumstances.
Contact us today to learn more about asset management.
Asset Management FAQs
What is asset management?
Asset management is the ongoing process of managing financial assets such as investment accounts, retirement plans, cash holdings, and other resources to support an individual's financial objectives. The process typically involves monitoring assets, evaluating performance, managing risk, and making adjustments as circumstances change.
What is the difference between asset management and financial planning?
Financial planning takes a comprehensive view of a person's financial life, addressing areas such as retirement, taxes, insurance, estate planning, and cash flow. Asset management focuses specifically on overseeing and managing financial assets in a manner that supports those broader financial goals.
Why is asset management important?
Effective asset management helps individuals understand how their assets are allocated and whether those assets continue to align with their financial objectives, risk tolerance, and time horizon. Ongoing oversight can help maintain a disciplined approach to wealth management and long-term planning.
Who can benefit from asset management services?
Asset management services may benefit individuals, families, business owners, retirees, and professionals who want assistance managing investments and coordinating financial resources. The value of asset management often depends on the complexity of an individual's financial situation and long-term goals.
How often should my assets be reviewed?
Many investors review their assets at least annually and after major life events such as retirement, marriage, divorce, receiving an inheritance, or changing careers. Regular reviews can help determine whether adjustments may be appropriate based on evolving financial circumstances.
What types of assets are typically included in asset management?
Asset management may include investment accounts, retirement plans, brokerage accounts, cash reserves, employer-sponsored retirement plans, and other financial assets. The specific assets included depend on an individual's financial profile and planning needs.
How does risk management fit into asset management?
Risk management is an important component of asset management. It often involves evaluating asset allocation, diversification, liquidity needs, and exposure to market fluctuations. While risk cannot be eliminated, strategies may be implemented to help align portfolio risk with an investor's objectives and comfort level.
What is the role of diversification in asset management?
Diversification involves spreading investments across multiple asset classes, industries, sectors, or geographic regions. Although diversification does not guarantee a profit or protect against loss, it may help manage portfolio risk by reducing concentration in any single investment.
Can asset management help support retirement planning?
Asset management can play an important role in retirement planning by helping individuals evaluate investment allocations, income needs, withdrawal considerations, and long-term financial objectives. Asset management strategies are often coordinated with broader retirement planning efforts.
How can asset management benefit individuals and families in Grand Junction, CO?
Individuals and families in Grand Junction, CO may use asset management services to help organize investment accounts, evaluate portfolio allocations, prepare for retirement, manage risk, and coordinate financial resources with long-term goals. An individualized approach can help align asset management decisions with each person's unique circumstances and objectives.
