principles
The principles of net worth management are surprisingly easy to understand.
Can it really be this simple?
"The Unbiased planning process is very straightforward. They explain what they’re going to do. They tell you why they want to do it. And then they show you how to produce a plan that reflects you and what you want out of life."
Here’s how Unbiased helps you build a plan that’s uniquely your own.
Unbiased’s process starts with taking the time to understand who you (and your family) are and what matters to you. They make sure your plan is guided by your values and what you want to achieve.
They go beyond the scope of most other financial planners. Unbiased Advisors look at your complete financial “big picture”. They include all of your assets, not just your marketable securities.
Taking the time to understand who you are and what is most important
They’ll develop a clear and specific plan for you (and your family). In difficult times it becomes one of your touchstones for now and for the future.
Then, together with you, they will develop two more touchstones. These are the keys to putting your plan into effect. First, you will need an investment policy that fits your plan. Then you will need a strategy to guide Unbiased in how they help you to implement your plan.
Not only will Unbiased keep you well informed with regular timely updates, they will help you control your own net worth.
If Unbiased believes that you need additional expertise on your advisory team, they’ll connect you with the experts you need.
The Unbiased team will help you stabilize your reaction to changes in market conditions. It’s normal for people to react emotionally to sudden changes. The challenge is to ensure that these emotions do not unduly influence our decisions.
The bottom line: Unbiased works to help you identify and manage financial risks, to understand and control behavioural influences, to minimize your tax exposure and to achieve your estate objectives.
It’s a simple, logical process that, unfortunately, rests upon the quicksand of our emotions and behaviours.
Self-Sabotage Mitigation: how not to psych yourself out.
If people were rational about everything, we could easily build our net worth on our own. Unfortunately, some of our behaviours are anything but rational. We can be our own worst enemy. When we take excessive risks, over consume or allow our emotions to influence our selling and buying of assets, we can end up sabotaging our own plans.
As easy as it is to get it wrong, it’s almost as easy to get it right.
Since it’s human nature to over react to sudden changes, we need to prepare for the unexpected. One of the best ways to do this is to craft an investment policy statement. It’s a written agreement that governs how investments are structured and how decisions are made in response to changing market conditions. By agreeing on response patterns in advance, you can mitigate natural tendencies to make rash emotional decisions during periods of stress.
At Unbiased, the key factors that shape your investment policy are:
- your risk tolerance
- your time horizons
- what level of return you need
- how much income you require
- how much liquidity is important to you
When these factors are applied to your actual situation, an appropriate asset allocation can be determined. Asset allocation is the name of the strategy investors use to distribute their investments among different types of investments.
Traditional advisors are usually restricted to stocks, bonds and cash as the only asset classes in their portfolios. Net Worth Advisors, however, can also include real estate and private equity into your asset allocations. This makes it possible to direct your entire net worth, rather than focusing exclusively on just your marketable securities.
If the principles of net worth management make sense to you, take a closer look at Unbiased Wealth Management.
The service is only appropriate for individuals and families with a household income of over $500,000 per year or a net-worth of over $5 million.
If you qualify and if you think having complete control over your net-worth is a worthy goal and a nice change, you are invited to Contact Unbiased Wealth Management to book a private conversation.
If you prefer to learn more first, we invite you to download our white paper.
