The Four Tenets of Wealth Management
Wealth Management is the process of combining planning, investing, coaching and networks of services to build wealth. Here are the primary tenets of how Arenite Advisory approaches wealth management.
Financial Planning
Financial planning is the process of evaluating an individual’s goals, current circumstances, risk tolerance, and personality. Our financial planning assessment takes into consideration all aspects of your financial life, including your current income, future earnings potential, current savings, retirement plan, family structure, age, attitude towards investing, and several other critical components. We also delve into areas of advanced financial planning from cash flow, tax and insurance planning to legacy, charity and succession planning depending on your stage in life. It’s our blueprint for ensuring our strategy is in line with your expectations.
Investments & Financial Services
Based on your financial plan we build a professionally structured investment portfolio that may include stocks, bonds, other securities and insurance products. Our focus at Arenite is providing you with low-cost investment products that score a high-value ratio to meeting your financial plan. Your investment plan will track your financial plan wherever and however that changes.
Relationships & Networks
Success is largely dependent upon who you know. Your financial plan often requires more than just investment and insurance products. Individuals may require tax advice, legal consulting, business strategy consulting, help managing large purchases (homes, investment properties), healthcare consulting, or many other aspects affecting your long-term and short-term goals. Our network of experts can be relied upon confidently to provide sound advice precisely in-tune with your wealth management plan.
Behavioral Management
Individuals are their own biggest obstacle to building durable wealth. Human instinct and emotions too often overwhelm rational thinking. Individuals tend to panic and make poor decisions or are swayed by mountains of “convincing” bad advice. The fact is, no one controls financial markets. Instead, Arenite advisors guide clients to focus on what can be controlled, measured and managed. Through our Bedrock 360° Financial Planning Process we perfectly align your investments and your financial strategy with your goals and your expectations. Our goal is to create a financial foundation that is achievable, durable, realistic and balances long-term goals with short-term volatility. We build this plan with focus and intent so you’ll stick with it regardless of the market or life events. Sticking with your plan is the most critical element of financial success.
