risk management

People speak of Risk Management and Insurance as if they’re interchangeable terms. They’re not.

One is a strategy; the other is a product. Which do you want driving your financial plan?

The answer is obvious. A wealth management plan needs a strategy that addresses the possibility of disability or death. And surely insurance is part of the solution. But then what? Once these risks are dealt with, there are a number of other threats to your financial well being?

There is the possibility of outliving your money.

There are major adjustments in market conditions.

There are job and business risks to manage.

There are changes in your relationship status.

There are changes in your health and the health of your family too.

The list of risks is long and insurance is only one aspect of risk management planning.

For starters having an accurate and up-to-date risk profile is critical for insuring that your asset mix matches your stage in life and lifestyle goals. Likewise it is important to have a current will, sufficient cash on hand, proper contracts and documentation of your wishes and yes, having appropriate insurance is important as well.

The importance of insurance is not disputed. The question is: is anyone helping you with the rest of your risk management needs?

Ask yourself, am I really prepared with a risk management plan, or am I just well insured?

Unbiased Wealth Management offers a unique form of wealth management called fee-only net worth advice. We don’t sell any products, securities or insurance. We do however help you gain complete control over your net worth. 

We help you manage your net worth comprehensively, which includes helping you manage your relationship with money. We bring all the elements together, into a big picture view, bringing everything into alignment.  All the elements are considered including your income, behaviours and net worth goals. We help you align everything with your core values, to manage risks and to create a balance between current and future (retirement) lifestyle needs.

If fee-only net worth advice sounds interesting, here’s more:

The service is only appropriate for individuals and families with a household income of  $500,000 or higher, investment assets in excess of $750k or a net worth of at least $5 million.

If you prefer to learn more first, we invite you to download our white paper.

If you qualify and you think having complete control over your net-worth would be a worthy goal and a nice change, we invite you to Contact Us to book a private conversation.