Advanced Planning

Wealth management works hand in hand with portfolio management, adding value beyond the importance of a prudent investment philosophy. The experience begins with crafting a holistic plan designed to help you in achieving your vision of financial success. That customized plan should address financial objectives, values related to money, concerns that keep you up at […]

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Topics: Advice, Investing, Investor Behavior

It Takes Three: Are You in the Right Relationship

Studies show that 70 percent of women will leave their financial advisor after a major life change, such as the death of a spouse or divorce. Major life transitions bring enough stress and emotion without adding the need to find a new financial advisor or to master your finances. As women also generally outlive men, this longer […]

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Topics: Advice, Investing, Investment Strategy, Investor Behavior

The Top 10 Places Your Next Dollar Should Go

There is no shortage of receptacles clamoring for your money each day. No matter how much money you have or make, it could never keep up with all the seemingly urgent invitations to part with it. Separating true financial priorities from flash impulses is an increasing challenge, even when you’re trying to do the right […]

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Topics: Advice, Budgeting, Investing, Investment Strategy, Investor Behavior

Looking at Your Portfolio Can Hurt Your Returns

Earlier this week, we examined a pair of studies that sought to explore the relationship between the equity premium puzzle and investor behavior, specifically a behavior known as myopic loss aversion (MLA). MLA describes the tendency of investors who are loss-averse to evaluate their portfolios too frequently, thus causing them to take a short-term view of investing. […]

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Topics: Advice, Investment Strategy, Investor Behavior

Election-Year Politics and Stock Market Forecasts

Over the past several weeks, many commentators have opined on how the stock market would react to Donald Trump winning the general election and becoming president of the United States. The latest notable prediction came from Dallas Mavericks owner and TV personality Mark Cuban, who said that “there is a really good chance we could see a […]

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Topics: Advice, Investing, Investor Behavior

During Market Turmoil, Just Listen to Your Financial Plan

Every year, right around this time, all the big brokerage firms, economists and banks come out with projections of what’s supposed to happen next in the financial world. This year is no exception. Especially prominent in the news has been the Royal Bank of Scotland warning, in no uncertain terms, that people should “sell everything” […]

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Topics: Advice, Investor Behavior

Accepting the Uncertainty of Our Financial Life

I have a friend who is an emergency room physician in Salt Lake City. The other day, he described to me an interaction he had with a distressed, uncomfortable patient. After doing all the tests he could and finding nothing wrong, all he could do was give the patient that age-old, wonderful doctor advice: “Go […]

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Topics: Advice, Investor Behavior

Make a Plan on How to Handle Risk, Then Stick to It

I ski the backcountry a lot, so I pay close attention to reports of avalanches. In particular, I pay attention when a skier is caught and killed by one. This year alone there have been 20 avalanche fatalities in the United States. In January, there were nine fatalities in nine days. Very few avalanche accidents […]

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Topics: Advice, Investor Behavior

Getting Comfortable with Change

Some of us really like the status quo. Even when we have a better alternative, many of us are content to keep on doing what we’re doing. I think about this every time my wife and I swap cars. Depending on who is running what errands that day, we’ll switch between our big car and […]

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Topics: Advice, Investor Behavior