Over more than three decades providing wealth management services and advice, I’ve helped clients and advisors weather monumental changes in the markets and economy, the regulatory environment, and a rapidly changing wealth management landscape. Yet, one thing remains the same. At the end of the day, all clients still want to know one thing, “Am I going to be okay?”
Let’s start with what it means to be “okay.” For one family, being okay is the assurance that their grown kids never have to take on the financial burden of caring for them as they age. For another, it’s about carrying on a legacy, the ability to buy a vacation home at the lake now, so their children can grow up experiencing the kind of family time on the water that they enjoyed as children. For others, it’s about completing goals—paying for a child’s education or wedding without derailing their retirement savings.