Connecticut's finance and insurance industry contributes nearly 1/5th of its GDP. Connecticut is also home to many skilled financial advisors. Financial advisors are carefully chosen by industry experts. Benemark, Inc. is one such firm. It uses both passive and active investment strategies to help clients achieve their financial goals.
Coastal Bridge Advisors
Coastal Bridge Advisors (a registered investment adviser) offers high-quality, personal advice. Coastal Bridge Advisors was founded in 2008. It combines the skills and expertise of a large boutique firm with the ability to develop productive client relationships. The firm offers strategies that are applicable to all markets and generations.
The company's principals are industry veterans with a commitment to personal service. They work closely with clients in order to develop and implement an investment strategy and a comprehensive wealth management plan that fits their lifestyle. The management team of the firm has made investments in technology, operations, client service and other solutions to help clients make informed choices.
GYL Financial Synergies
GYL Financial Synergies, LLC, located in West Hartford, Connecticut, offers financial advice. It has clients in 27 states and manages more that $5 billion in 4693 accounts. This firm is focused on high-net-worth individuals, retail investors, and pension plans. It also serves state and municipal governments.
The firm charges fees based on the type of service it provides. The firm may charge hourly, asset-based, or fixed fees depending on the type of service it provides. It also participates in a wrap-fee program, which bundles many of the firm's services for a single fee.
Johnson Brunetti
Johnson Brunetti offers local service through its independent retirement planning firm with offices in Connecticut, Massachusetts. The company was built on the principles of integrity and trustworthiness, and focuses on helping clients develop a sense of confidence in their financial future. You can trust our experts to help you with your financial future.
Johnson Brunetti, which is a wealth management company specializing in retirement investments, is headed by Joel Brunetti. He is a Certified financial planner(tm) professional who has more than 15 years' experience in financial planning. He is a certified professional financial planner and also holds the Series 65 licensure. He is also licensed as a Connecticut life and insurance agent. He also enjoys travel and time spent with his three kids.
Reed Financial Planning Services LLC
Reed Financial Planning Services LLC is an independent wealth management company based in Connecticut that specializes on retirement income planning and insurance. The firm currently manages 33 client accounts, with an AUM of $16,073,317. It also provides pension consulting services and a variety of other financial services. It is a member on the Voya Field Advisory Board.
Jeremy Reed, a registered financial advisor with Wells Fargo Advisors, helps clients discover their personal vision for their retirement. He works with families, individuals, and businesses to develop a customized plan that meets their financial goals. To help his clients achieve their dreams, he uses the extensive resources of Wells Fargo Advisors.
FAQ
How can I get started with Wealth Management
First, you must decide what kind of Wealth Management service you want. There are many Wealth Management options, but most people fall in one of three categories.
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Investment Advisory Services- These professionals will help determine how much money and where to invest it. They offer advice on portfolio construction and asset allocation.
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Financial Planning Services- This professional will assist you in creating a comprehensive plan that takes into consideration your goals and objectives. He or she may recommend certain investments based on their experience and expertise.
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Estate Planning Services: An experienced lawyer will advise you on the best way to protect your loved ones and yourself from any potential problems that may arise after you die.
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Ensure that a professional is registered with FINRA before hiring them. If you do not feel comfortable working together, find someone who does.
What is wealth management?
Wealth Management refers to the management of money for individuals, families and businesses. It includes all aspects regarding financial planning, such as investment, insurance tax, estate planning retirement planning and protection, liquidity management, and risk management.
Who should use a Wealth Manager
Anyone looking to build wealth should be able to recognize the risks.
For those who aren't familiar with investing, the idea of risk might be confusing. Poor investment decisions could result in them losing their money.
People who are already wealthy can feel the same. Some may believe they have enough money that will last them a lifetime. But they might not realize that this isn’t always true. They could lose everything if their actions aren’t taken seriously.
Each person's personal circumstances should be considered when deciding whether to hire a wealth management company.
Where can you start your search to find a wealth management company?
Look for the following criteria when searching for a wealth-management service:
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Can demonstrate a track record of success
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Is it based locally
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Offers complimentary consultations
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Provides ongoing support
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There is a clear pricing structure
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Good reputation
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It is simple to contact
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Support available 24/7
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Offers a wide range of products
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Low fees
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There are no hidden fees
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Doesn't require large upfront deposits
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Make sure you have a clear plan in place for your finances
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Has a transparent approach to managing your money
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Allows you to easily ask questions
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You have a deep understanding of your current situation
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Understands your goals and objectives
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Is open to regular collaboration
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Work within your budget
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Does a thorough understanding of local markets
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Is willing to provide advice on how to make changes to your portfolio
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Is available to assist you in setting realistic expectations
How to Beat the Inflation with Savings
Inflation refers the rise in prices due to increased demand and decreased supply. Since the Industrial Revolution people have had to start saving money, it has been a problem. The government controls inflation by raising interest rates and printing new currency (inflation). There are other ways to combat inflation, but you don't have to spend your money.
For instance, foreign markets are a good option as they don't suffer from inflation. There are other options, such as investing in precious metals. Silver and gold are both examples of "real" investments, as their prices go up despite the dollar dropping. Investors concerned about inflation can also consider precious metals.
What are the Different Types of Investments that Can Be Used to Build Wealth?
There are many types of investments that can be used to build wealth. These are just a few examples.
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Stocks & Bonds
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Mutual Funds
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Real Estate
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Gold
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Other Assets
Each of these has its advantages and disadvantages. Stocks and bonds can be understood and managed easily. However, they can fluctuate in their value over time and require active administration. On the other hand, real estate tends to hold its value better than other assets such as gold and mutual funds.
Finding something that works for your needs is the most important thing. To choose the right kind of investment, you need to know your risk tolerance, your income needs, and your investment objectives.
Once you have made your decision on the type of asset that you wish to invest in, it is time to talk to a wealth management professional or financial planner to help you choose the right one.
Do I need to pay for Retirement Planning?
No. This is not a cost-free service. We offer free consultations, so that we can show what is possible and then you can decide whether you would like to pursue our services.
Statistics
- Newer, fully-automated Roboadvisor platforms intended as wealth management tools for ordinary individuals often charge far less than 1% per year of AUM and come with low minimum account balances to get started. (investopedia.com)
- According to a 2017 study, the average rate of return for real estate over a roughly 150-year period was around eight percent. (fortunebuilders.com)
- US resident who opens a new IBKR Pro individual or joint account receives a 0.25% rate reduction on margin loans. (nerdwallet.com)
- If you are working with a private firm owned by an advisor, any advisory fees (generally around 1%) would go to the advisor. (nerdwallet.com)
External Links
How To
How to invest once you're retired
After they retire, most people have enough money that they can live comfortably. But how do they put it to work? The most common way is to put it into savings accounts, but there are many other options. One option is to sell your house and then use the profits to purchase shares of companies that you believe will increase in price. You could also choose to take out life assurance and leave it to children or grandchildren.
You can make your retirement money last longer by investing in property. As property prices rise over time, it is possible to get a good return if you buy a house now. If inflation is a concern, you might consider purchasing gold coins. They don't lose value like other assets, so they're less likely to fall in value during periods of economic uncertainty.