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4 reasons Clearwater, FL, residents should do a wealth management plan review in early 2022

Written by Eric Ebbert CFP®, MBA

On January 7, 2022

Wealth management is about more than investment advice. Wealth management offers comprehensive guidance on your financial situation, including estate and tax planning, accounting, retirement planning and even legal guidance in some cases. This offers a more complete picture of your overall financial well-being. If you have not taken a good look at your financial health lately, right now might be the time to check in with your wealth management advisor.

What should I review to get ready for the year ahead?

  • Investment strategy — Last year, did your portfolio perform according to your expectations? Have any of your investment goals changed since the beginning of last year? It is important to make sure your investment approach makes sense for your current goals and devise a plan to change your strategy if this is not the case.
  • Debt management — What sources of debt do you have, and can you consolidate them? Have interest rates changed from last year? If so, it may be time to refinance. Try to lock in lower rates if given the opportunity.
  • Tax strategies — It’s a smart move to plan ahead for taxes. Have you made contributions toward college savings plans or retirement savings? What about charitable donations? Have you been keeping an eye on your contribution limits? Taxes can be complicated where wealth management is concerned.
  • Estate planning — If your assets are not already accounted for in your will, it may be time to take the first step toward estate planning. If you have already begun planning for the future of your estate, you may want to review your plans, especially if you have made any major life changes over the past year, such as purchasing new property or having another child.

What can Clearwater wealth management services do for me?

Our CERTIFIED FINANCIAL PLANNER™ professionals have decades of experience in helping clients make financial decisions, so that they can have a better opportunity to achieve their goals. We’ll work with you to build a personalized wealth management strategy based on your values, goals and risk tolerance.

Talk to a ProVise CFP® professional about your Clearwater wealth management needs

At ProVise Management Group, our CERTIFIED FINANCIAL PLANNER™ professionals can get to know you and your current financial circumstances, goals, risk tolerance and personal values to help you develop a plan that works for you. We can also create a written plan for you at a fiduciary standard of care. All our written plans come with an unconditional money-back guarantee. If you are unhappy with your written plan, you can return it to us, and we will refund 100% of the fee paid.

Are you ready to talk to a professional about your financial future? Contact ProVise today to schedule a complimentary consultation.

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