The simple truth is there is no such thing as a perfect investment. If one existed, everyone would own it. Every program or product is a compromise. You have to understand your goals, take an inventory of the strengths and weaknesses inside your portfolio, and see if there is a reasonable match.
Many times, we see people that have a ‘one size fits all’ portfolio. In private wealth management, the portfolio is much more tailored to the specific needs of the client, yet flexible enough to make future changes without any great expense.
Is it possible for you to have a ‘tailored’ managed account for the same or less money than the ‘one size fits all’? In many cases, it is!!!
To hear the Smart Money Radio Show segment where Bruce discusses finding the right portfolio through private wealth management, Click Here! (about 7 minutes long)
To hear the full Smart Money Radio Show where Bruce discusses Private Wealth Management, Click Here! (about 25 minutes long)
Monday, November 16, 2009
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