I believe investment advisers who execute best practices in wealth management can meaningfully add to an individual’s long-term investment return.
Numerous studies support this belief. The most recent study, published by The Vanguard Group in 2016, found that using an investment adviser can add approximately +3.0% to annual returns over time. This white paper is significant as The Vanguard Group is one of the most trusted names in the financial services industry and the undisputed industry leader in squeezing unnecessary costs out of the investment process.
These studies find the key to higher investment returns lies in best practices such as behavioral coaching, asset allocation, portfolio rebalancing, tax efficient liquidation strategies, cost-effective trading, and investment selection.
Over the course of 20 years, implementing proven wealth management techniques could result in a portfolio that is approximately 50-70% higher by taking the comparable investment risk.
I work with small business owners to design and implement sophisticated, cost-effective 401(k) plans for their employees that enhance employee retention and create personal retirement wealth.
I provide a range of financial services and a pre-screened network of approved vendors to clients. My clients range from start-up entrepreneurs with little to no liquid financial assets to high net worth individuals.
I started my career on Wall Street in 1986 and was one of the first analysts to cover Real Estate Investment Trusts and Master Limited Partnerships – at the time a fledging asset class. Later, I specialized in health care service stocks and was voted an “All-Star” analyst by the Wall Street Journal. Those days, we had lots of resources to chase investing ideas where we could make differentiated investment recommendations.
These days, I have access to extremely sophisticated analytical and investment tools online that would have cost a fortune just a decade ago. Which means I can do all my analysis from my home office in Seattle and provide cost-effective financial services to my clients. When I am on the road meeting with clients I access information via secure cloud computing channels. In many ways, my business model represents the dream the people at Microsoft, Amazon, and Google are working so hard to create.
This is important because it allows me to spend more of my working hours being effective, which my clients like. (It also allows me to spend more of my personal time with my family, which I like.)