Precedent Financial Strategies is proud to announce its continued compliance with the CFA Institute Asset Manager Code. Aligned with Precedent’s values, the Asset Manager Code clearly outlines the ethical and professional responsibilities of firms that manage assets on behalf of clients.
To build and preserve wealth requires an understanding of the risks we face, patience while we explore strategies, and awareness of how to mitigate the risks and take advantage of the opportunities.
Is the divorce process the right time to learn line-item budgeting? Or is there a better starting point? Re-framing the spending plan to empower financial success.
Your ability to build wealth is not nearly as dependent on the returns of your investment portfolio as it is on your behavior as an investor. And one of the key behaviors we need to exhibit as investors is a commitment to consistent monthly contributions to our investment portfolios.
There are many ways that our experiences with money impact how we see the world of our finances. And importantly, how we feel about our finances -- particularly when confronted with a viewpoint that we simply cannot understand.
The savings that result from optimizing your income, tax, and wealth accumulation strategies serves to increase the margin of safety in your financial plan -- creating a higher degree of confidence in a world where higher confidence is sometimes hard to come by.
The succinct summary of our planning conversations, covering your current situation, the next actions to take, and the things that will lead us to reassess -- giving you a custom roadmap to the things you can be doing right now to respond to the changes happening around us, and in your life directly.
I typically walk away from these exercises with A) a plan, and B) a general sense of "you know, life would still be okay."
It’s important to remember that the markets do not necessarily describe the current economy; and the economic numbers don’t describe the daily struggle that some are feeling right now.
Sometimes little kids ask better questions than we do. So ask "why", then ask it again, and again, and again. At the end of the question, I think you'll find the life you want to build and the resources you need to build it.