- Urgent Notice -
There have been increasing concerns over potential declining values, and under performance of larger Universal or Variable Life Insurance policies.
– Here’s what you need to know -
In olden times, people who had wealth had castles surrounded by moats, sometimes filled with alligators, to protect their wealth. The moat, with or without alligators, acted as a physical deterrent to invaders and predators, thus making the protection of wealth a bit easier for the lord of the castle.
Today, wealth preservation and protection is much more complicated. We no longer have moats to protect us from a financial system filled with eroding factors such as lawsuits, criminals, inflation, taxes, disabilities, long term health care, and planned obsolescence. Before investors can think about the “offense” of wealth management, they must build the “defense” to be sure nothing can attack it. The modern day moat is protection first planning, that is building a plan whose strategies and philosophies will not only increase your wealth, but protect it.
We believe that defense wins championships. We see that all the time in sports and we see that all the time in the decisions people make with money. Protecting and positioning yourself with a defensive philosophy will allow you to protect your wealth during volatile times and succeed long term.
My clients are professionals, business owners and individuals with significant worth or income. We help them implement protection first planning by presenting them with a “game board”; a place for them to look at their current financial situation and assess what is potentially not positioned correctly or might be missing. Without the game board, wealth management, preservation and protection are difficult to see. Imagine trying to play a game like checkers or Monopoly with all the pieces but no game board. It would be very hard to play Monopoly not knowing where Boardwalk or Park Place is. In the same way, the visual, financial “game board” provided to my clients, allows them to begin to put the various aspects of their wealth management plan in perspective and make both proactive and protective decisions with regard to their wealth.
The philosophy of wealth management, preservation and protection that I share with my clients has been invaluable in my own life. I’ve experienced dealing with parents in assisted living, nursing homes and hospice. I have faced the challenges of being a business owner and the volatility of the financial markets. These real-life experiences help shape me as a Financial Advisor, and increase the value I bring to potential clients. My philosophy of wealth preservation first in this day and age has been proven to be a necessity.
There are three areas that researchers have found determine why you trust somebody: competence, honorable motives and commitment. Although I’ve always gotten favorable and often exceptional ratings in competence and honorable motives, my clients most appreciate my strong sense of commitment. That commitment is shown in any number of ways, such as:
- Doing what I say I am going to do
- Showing up on time
- Returning calls
- Doing the things that are necessary each and every day
Commitment is the way I live my life and what I offer my clients.
Since the year 2000, there have been so many situations where people’s wealth has been taken away: their jobs, careers, companies, homes, and 401Ks. It’s clear that having a strong wealth management process that helps people see things from the perspective of protection first is a very practical and intelligent way to go. Financial planning that protects accumulated wealth while at the same time increases it, is a modern day answer to ye olde alligator filled moat.
How secure if your castle? If you are wondering whether your moat is adequately protecting your wealth or would like further information, please feel free to contact me.
Your questions and feedback are very important to me. Please email me at Michael@SWANWealth.com