First, let me ask you this: • Do you usually pay when you go see your doctor? • Do you pay when you consult with a Lawyer? • Do you pay to consult with your Auditors ?
Generally most people do pay, yes and they expect to do so as well. So, would it be fair to say that it is pure madness to say NO to a FREE financial check-up by a certified financial advisor and wealth manager?
Is it FUN to always go to the doctor, or see your
lawyer or auditors? NO!! Let’s face it, it’s a pain usually and in some cases literally, but it’s something we all know we HAVE to do in most cases.
What are some of the areas we may cover in your financial check-up consultation?Investments Performance review: How did your investments do over the past year? Did they perform in line with peers and/or appropriate benchmarks? Were there any significant gains or losses? Risk review: Is the overall risk level of your investments appropriate?
Are you being too aggressive in ways that could expose you to big losses? But are you also being too conservative and or risk averse that your savings are being eroded by inflation? What steps are you taking to identify and manage risks before they reach catastrophic levels?
Building Wealth; Five Ugandan Entrepreneurs Democratizing Access to Investments.Allocation review: Is your asset allocation still appropriate or do you need to make changes?
Have significant gains or losses knocked your allocation off target and if so, what are the available options for re balancing?Savings rate: What percentage of your income did you save during the past year? Are you being overly cautious whilst wasting valuable time where you could be maximizing? Can you increase that by a percentage point or two in the coming year?
Efficiency: How many different savings and investment accounts do you have? Diversification is important but the more you have, the more complicated it will be to manage your investments and the more you will pay to different custodians and advisors to hold those accounts. How do you consolidate your solutions at least to one advisory firm where possible? Professional advice: Some people are well suited to handle their finances on their own, but most people could benefit from a second opinion.
If you obtained a solution with another provider, let your new advisor have a look at what you have and safeguard your portfolio. There’s nothing wrong with “upgrading
