Our investment management works optimally when coordinated with an overall wealth plan. Every element of your financial situation has an impact on every other. Your lifestyle choices impact your ability to leave a legacy. The management of your assets may be impacted by your estate plan. Tax planning is impacted by your investment portfolios.
If you need to put a child or children through college, how will that impact your retirement? If you buy a bigger house, will you have the income to pay for it while simultaneously investing for the future? Understanding the interplay among all aspects of your financial life is the basic premise of wealth planning.
The returns earned by your investment portfolios are meaningless in a vacuum. They must be informed by how successfully they are contributing to the realization of your financial objectives.