There comes a time in life when your children begin to ask questions. Some serious and others not so serious. Years ago, my youngest child asked, “What do you do every day? You just talk on your phone all day.” I got to thinking about what I do on a day-to-day basis which is a fair question. A lot of adults do not know what we as wealth managers do. Many assume that we trade stocks all day which is understandable because that is one aspect of our job but as a wealth manager, we do several other tasks throughout the course of a week to assist clients.
Here is a quick snapshot in just the past week of how I have helped clients:
-Establish retirement plans for a midsize business.
-Hedge against the expense of long-term care
-Consult with a widowed spouse about the next steps after the death of a loved one.
-While going through divorce coordinate with CPA and attorney on settlements of assets.
-Consult with high-net-worth client on the direction of their inheritance.
- Tax reduction for clients who are planning on filing taxes soon.
- Consult with clients on most recent interest rates and how it effects their portfolio.
-Educate our intern about the stock market and wealth management.
-Research for a client reallocation of managed portfolio on stocks paying high dividend yield.
-Consult with clients on the best way to pay for their kids’ college.
-Answer questions with clients on how crypto and blockchain technology works.
-Buy and sell stocks on the behalf of clients.
-Answer questions about the purposes and details of financial plans and strategies clients have.
-Analyze financial information obtained from clients to determine strategies for meeting their financial goals.
-Manage client portfolios, keeping clients and their plans up to date.
-Prepare and interpret client’s information such as investment performance reports, financial document summaries, or income projections.
All of these are accomplished by a conversation or two, sometimes many more. There is value in conversation as well as face to face meetings. I am always on the go, but I am never too busy to have a conversation because you never know what it might lead to. An introduction, an opportunity, a new perspective, or a better understanding can all result from conversation. I love what I do and always enjoy visiting with clients when they stop by. I am always opened to having a conversation with you no matter what it entails. There is value in genuine conversations, difficult conversations, and serious conversations that come along with a little laughter which is what I am here for.
How much money or how many assets you have is not always the most important, but money is in everything you do. From earning a living, planning a trip, finding the best mortgage to paying taxes and many more aspects of our lives. In the end our door is always open for an open-ended conversation. Money intersects with every aspect of your life, so let us have a conversation about it. You never know where it might lead you!
Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional,
Dividends are not guaranteed and must be authorized by the company’s board of directors.
Any opinions are those of Paul Snow or Snow Financial Group and not necessarily those of RJFS or Raymond James. Investing involves risk and you may incur a profit or loss regardless of strategy selected.