Now that the markets and economy has stabilized and estate sizes may have changed, as well as the...
I Don’t Want All My Money In One Place
This is certainly, a reasonable comment. We are all told to diversify and not put all our “eggs in one basket”. So, what happens is that you can end up with assets at several places, which can result in difficulty keeping track and monitoring. Also, in spite of having money in many places, diversification may not be happening, the multiple firms may be overlapping in asset classes owned, which is not that efficient.
At Virtus Wealth Management, an independent fiduciary firm, we utilize many resources, institutional money managers, custodians and financial products for our clients. As best we can, we process our clients concerns, expectations, needs and the planning of their financial life to provide multiple resources and assets “under one roof”. This allows our clients the ability to monitor and track their financial assets with one firm while having their “eggs in many baskets”, with proper diversification.
Resources we use approach nearly a dozen, to include names like Goldman Sachs, Blackstone, Barron’s, and Blackrock, to name a few. Custodians include LPL Financial, Folio, Schwab/TD Ameritrade, and others. We represent and or broker with nearly all the insurance companies, with names like Penn Mutual, Prudential, Mass Mutual, Ohio National, Jackson National, Pacific Life, Transamerica, and the list goes on.
My point is that having all your assets at one firm is possible, while still having your assets in many places. This is our mode of operation, and we are there to fire and replace managers and/or products that do not meet expectations. One firm helping you track and monitor your financial life.
Years of experience have taught me the financial world is very dynamic and requires constant studying and updating of strategies and products to assure our clients are getting the best options suitable for them. That is also what we do. Let us help. To see how we can help you call one of our advisors today at 817-717-3812.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Asset allocation and diversification does not ensure a profit or protect against a loss. No strategy assures success or protects against loss.