In an ever-changing financial climate, it can be difficult to confidently create a financial strategy, let alone have the time to manage one that can grow with you and your needs over the years. But without an up-to-date and flexible strategy in place, it can be difficult for you to achieve your goals.

Concierge Wealth Management is an independent financial services firm dedicated to assisting clients with their greatest financial concerns. We offer comprehensive investment management and financial strategies coupled with objective advice and recommendations. Our utmost goal is to provide customized strategies that can grow with clients throughout the many milestones of life. We take pride in knowing we have helped young professionals, growing families, and retirees pursue their financial dreams.

Investing should be easy – just buy low and sell high – but most of us have trouble following that simple advice. There are principles and strategies that may enable you to put together an investment portfolio that reflects your risk tolerance, time horizon, and goals. Understanding these principles and strategies can help you avoid some of the pitfalls that snare some investors.

Portfolio Investment Considerations ... 

• you're interested in investing but just can't seem to get started, or can't stay on track?
• you want to invest in the market but you don't have enough money to build a diverse portfolio of individual stocks on your own?
• you have at least fifteen (15) minutes of free time to be involved? (our software makes it easy), and
• you enjoy the idea of investing in a friendly friends, family and associates competitive challenged social group?

We make it easy!!

Advisors know that technology helps save time, keep overhead costs low, and scale their businesses. However, to gain the next generation’s confidence, how you use technology is of critical importance. Firms must demonstrate that they can provide seamless, on-demand, comprehensive, digital client experiences on par with online services that people interact with every day. They must also be prepared to cater to each client’s preferred interaction channel. With a view to the long term, your technology choices should ideally achieve two interrelated goals: enhancing the client experience (and thereby strengthening the relationship) while enabling you to serve these clients as efficiently as possible. 

From the initial planning through ongoing reporting, technology can support virtually every aspect of the client relationship. An integrated, client-centric technology platform includes: 

• Portfolio management, accounting, and reporting. This is the hub of your operation, your core platform for managing, tracking, and reporting on client portfolios. Reporting capabilities should be highly customizable, so you can clearly explain your strategies and tell a compelling story that demonstrates your value. You should also be able to refer very quickly to the information that is of most interest to each client. The next generation has become accustomed to instant information, so you must provide on-demand access to portfolios and account data through an interactive client portal. Augment your high-touch service with as much self-service capability as your clients want. 
• Financial planning software. Offering to create financial plans for clients’ heirs is an excellent first step in establishing an intergenerational relationship. Choose an intuitive tool that allows you or your associates to create dynamic plans with clients in a collaborative manner. The software should allow ease of integration with other applications to minimize manual data entry. A flexible financial planning solution serves as an excellent way for associate advisors to show value and drive the conversation in creating plans for younger family members. 
• Portfolio analytics software. Understanding and balancing risk is a critical component of successful investing. By assigning a “risk number” to each client and their heirs, it becomes easier for advisors to discuss risk with each individual. Many clients overestimate their risk tolerance, while others underestimate the amount of risk in current portfolios. By going through a Risk Tolerance Questionnaire (RTQ) with younger clients, advisors demonstrate they are seeking to understand the client. The initial risk conversation becomes an educational opportunity that ultimately strengthens the relationship. 
• Separately managed accounts. Investment professionals should focus on the areas that add the most value. Some advisors are very handson in portfolio management, while others focus on an overall wealth management strategy. If you believe you add the most value by nurturing the client relationship, providing guidance toward goals, educating clients, and being available and responsive, then it may benefit your business to outsource the actual investment selection. You can use managed accounts or model portfolios that suit the strategy for each client. Your ability to translate the client’s goals into a plan of action is what sets you apart from other advisors and positions your firm as genuinely irreplaceable.