By the time most families come to us, they have accumulated different assets ranging from business interests, pension credits, tax deferred accounts, taxable investments, insurance and annuities. They also have current and future liabilities, including business lines of credit, home mortgages, college funding needs and retirement funding. Many families may have never experienced the benefits of a coordinated wealth plan designed to have the assets and liabilities work in conjunction toward their definition of Living Well. At Tower Group Wealth Advisory, our process will analyze and evaluate your current financial status, considering all aspects of your current position in order to determine your family’s rate of return objective. We will assist you in identifying your personal and financial goals as well as your definition of living well. We will only recommend an investment strategy once we understand your risk parameters, return objectives and your definition of living well.
Once we are able to determine estate and retirement planning strategies, we can move to the next phase and recommend an asset allocation and investment strategy designed to help you pursue your goals. Since we are planning based advisors, our investment philosophy is founded on the simple premise that investment strategies should be designed around outcomes, not benchmarks. Our strategies focus on targeting real investor challenges such as capital growth, income generation and capital preservation. We believe that trying to avoid severe market drops is essential to investment success because the less investors lose during downturns, the less they have to make up before their gains compound. Making money is important, but preserving that money can be just as important.
Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns.
Eventually, you will decide how you want your wealth to impact your family, community and society. By implementing our planning process, we can then turn our attention to your definition of living well. As you achieve your goals, passion and purpose will be the driving force towards a great life. Change is constant and our Plan Well ~ Invest Well ~ Live Well process can assist your family so that your wealth works to help you Live Well.