You likely have several financial planning pieces in place—you pay taxes, invest at least a portion of your savings, have some insurance, and maybe you have done some estate planning and retirement planning, but chances are each of these pieces was developed independently and at different times in your life.
Is it any surprise then that you’re unsure if you’re on the right track and making all the progress you could be?
To be effective, financial planning needs to be coordinated. Each piece of the financial plan needs to accomplish its specific tasks as well as support the tasks of each other piece. We call this life-integrated financial planning. We’ll look at your entire financial picture and help you fit the pieces together.
At Pearson Wealth Management, we believe that Financial Planning is the starting point for all matters related to Wealth Management. Your plan should be the primary driver with respect to how your assets ought to be managed – not the other way around. Moreover, we also like to connect with our clients on a much deeper level. Our process involves more than acquiring data, crunching numbers, and handing you a set of projections. Knowing who you are as a person is just as important as helping you define and strive to reach your financial goals. It gives us better insight so we can design strategies intended to help you meet your objectives.
Finally, we believe that attempting to outpace the market is not a financial plan. Other than the desire to continuously seek positive returns, this approach is not based on or driven by a desire to achieve a specific financial goal or objective. By creating the plan first, we can provide you with what we deemed to be a set of acceptable and achievable returns - commensurate with your risk profile - to guide you towards the goal- a successful outcome. This in turn, should help to create a higher level of certainty about meeting your goals and help to reduce anxiety about the day-to-day changes in market value.