Connect with us to experience the impact of working with a financial partner that truly cares about you, your financial well-being, and your dreams for an abundant life.
To be effective, financial planning needs to be coordinated. Each piece of the plan needs to accomplish its own specific tasks as well as support the tasks of the other pieces. We call this life-integrated financial planning, and we are experts in this area. We’ll look at your entire financial picture – taxes, investments, retirement strategy, and estate planning – and help you fit the pieces together properly. With a well-coordinated financial plan, you can start living life to its fullest.
WEALTH MANAGEMENT SERVICES FINANCIAL PLANNING
Financial planning starts with a comprehensive evaluation of an individual’s current financial state and future expectations. The main elements of a financial plan include a retirement strategy, a risk management plan, a long-term investment plan, a saving and spending plan, a tax reduction strategy, insurance, and an estate plan. At hemming& Wealth Management, each financial plan is strategically customized to reflect the individual’s personal and family situation, risk tolerance, and future expectations.
Investment management includes asset allocation, security selection, and portfolio construction. When investors opt to invest on their own, they often choose a strategy from what is known as a “robo-advisor”. This is a computer algorithm that tells them how to invest based on a series of questions. It does not include an opportunity to have a true client experience of learning and developing a more thorough investment plan.
Working with hemming& Wealth Management empowers the investor to attain financial goals. Beyond asset allocation models, we use a disciplined approach to select and replace investments that provide value through diversification, income, and returns. Investors gain access to low-cost investment options that often have large investment minimums available through hemming& Wealth Management.
When it comes to taxes, we understand it’s not always just about what is earned. It also includes what is kept. Taxes can seriously erode returns. A tax-smart approach to a comprehensive wealth management plan is a considerable opportunity to add value.
When volatility strikes, whether soaring high or dipping low, hemming& Wealth Management is ready to assess the need to strategically rebalance your portfolio. Using a diversified investment portfolio puts your money in a range of different assets. In the long run, this approach has the potential to earn a higher rate of return based on the individual investor’s risk tolerance with financial goals in mind.
An emotional response can cause an individual investor to take on too much risk when momentum pushes returns higher, to buy only what is familiar, or hold on in hopes the investment will “bounce back”. For investors working on their own, it is not uncommon to buy high and sell low. Unfortunately, emotions may lead investors to make behavioral mistakes that can cost a significant loss of return. hemming& Wealth Management analyzes the risk-to-return tolerance of individual portfolios and provides the decision-making needed on whether a rebalance is warranted. Behavior coaching is one of the most crucial parts of working with hemming&.