Wealth Management
Suncrest Wealth Management
Wealth Management
Investing is a tricky process.
The performance of a stock will change as time goes on. In order to prevent losses, it’s crucial that you do your research and invest in the right stocks at the right times. We believe it would be best to work with a financial advisor with an “active” wealth management approach. But, what does this mean?
Active Vs. Passive Money Management
“Passive money management” means someone isn’t keeping up with or looking after your investments. This might work fine over a long period, but it comes with higher risk. “Active money management,” meanwhile, involves someone advising you on how you should invest, in order to hopefully get you more success in the long run.
Annual Financial Checkups
Our annual meetings with clients offer an opportunity to take a look at their finances, the success of their strategy, and how it may be improved. Checking up on you to make sure your finances are still in order is something that sets Suncrest Wealth Management apart from other firms like us.
So, how do you know your strategy is still working for you? There are several factors that can affect your investments over a whole year. However, we can help you stay on track at our annual “checkups.” Some things we can discuss with you include:
- Your asset allocation may be out-of-balance
- Your portfolio may not be as diversified as you thought
- Laws change. For example, tax laws change frequently
- Your financial goals might have changed with time
- Your life situation could’ve unexpectedly changed, too