Discover Our Services

At Virtus Wealth Management, your Southlake independent financial advisors, we help our clients prepare for a financially-secure future by developing long-term strategies that focus on the “big picture” versus short-term gain, thereby managing risk.

Connect With Us

Today’s economic conditions and uncertain financial markets require the savvy investor to go beyond traditional boundaries.

Resources

Our mission is to provide innovative, sophisticated and highly customized wealth management solutions and financial advice that address all facets of your finances.

Connect With Us

We tailor everything to each of our clients’ specific needs so that each client can pursue his or her different goals.

Virtus Wealth Management

Virtus Wealth Management is the product of a 2016 merger between two well-established Texas wealth management firms.

Connect With Us

Wealth management is more than just investment advice – it includes all aspects of a client’s financial life.

Latest Post

Get in touch

Wealth management is more than just investment advice – it includes all aspects of a client’s financial life.

Who We Help

At Virtus Wealth Management, we believe we can help you no matter what age you are, what life stage you are in, or how much money you are working with. We want you to feel educated, empowered, and involved in the planning of your financial future.

Financial Noise and Confusion

  • $
  • Financial Noise and Confusion

by | Jul 20, 2021

We often see ads on TV or read articles in various papers and magazines. Perhaps like you, when you see those that speak to your occupation, business and industry there can be some frustration and confusion. That is certainly true for me, almost to the point of being disgusted.

Just a small sampling from my perspective are as follows: “We are a fiduciary” (well, good for you, so is Virtus Wealth Management) this is a valid point meaning the firm is responsible to and for the client, and not the company they represent. Many firms are independent and are fiduciaries, just as many firms are not. This is not that unique.

Another one is,” I’d rather die than own an annuity”. Wow, really? All investment and insurance products have their shortcomings. No one product can secure one’s future. Most of the time it will be a combination of financial products. So, to comment that under no circumstances should one own stocks, bonds, real estate, annuities or any other product, in my opinion is very shortsighted.

The other one that gets me are ads claiming one can invest “absolutely free”, no commissions or fees, inferring that there is no cost. Again, really? So, how do these companies afford to pay for these ads. I have followed up with some of these firms to find out how they do it, and in many cases the fees/costs are hidden in various ways and sometimes in the products purchased. One has to realize there are “no free lunches”.

So much of what I see and read, at least to me, borders on deception.  Also, I have read in numerous publications, totally contradictory articles published on the same date. Talk about confusion.

So, what is one to do? Find an independent (fiduciary) firm with advisors you are comfortable with, that are transparent about costs, and have the capability of offering the full spectrum of financial products to meet all your concerns and needs.

I have worked on “both sides of the street”, and from my experience of taking clients through the “full cycle of financial life”, that is my recommendation. Forget the ads and read for entertainment.

The advisors at Virtus Wealth Management are only a phone call away. Our experienced staff can help you get on track with your retirement savings to help you understand what actions you need to take to work toward the retirement of your dreams.


The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

 

Let’s Connect

Contact Us
Would you like to subscribe to The Virtus View, our twice monthly e-newsletter?
advanced-floating-content-close-btn