What Is Wealth
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word weal, which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent. A person possessing a substantial net worth is known as wealthy. Net worth is defined as the current value of one’s assets less liabilities (excluding the principal in trust accounts).
“Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.”
―
Financial Planning & Management
Wealth Management
Private wealth management is sought by high-net-worth investors. Generally, this includes advice on the use of various estate planning vehicles, business-succession or stock-option planning, and the occasional use of hedging derivatives for large blocks of stock.
Retirement Planning
Retirement planning involves determining retirement income goals and what’s needed to achieve those goals. Retirement planning includes identifying income sources, sizing up expenses, implementing a savings program, and managing assets and risk.
Family Office
Family offices are different from traditional wealth management shops in that they offer a total solution to managing the financial and investment needs of an affluent individual or family.
Financial Education
We know that the earlier you learn the basics of how money works, the more confident and successful you’ll be with your finances later in life. It’s never too late to start learning, but it pays to have a head start. The first steps into the world of money start with education.
UnWayWealth has a three step process
Stage One: Gaining Traction
Gaining experience – and clients – is fundamental. The challenge is the best way to do both. Learning as much as possible about the industry is clearly the starting point.
Stage Two: Hitting Your Stride
Now is the time to build out and solidify your client base. Ask your existing clients for referrals. Use state-of-the-art marketing. Build your brand. Get involved in the community.
Stage Three: Winding Down
Transitioning to the next generation is imperative at this stage, but Bruce is convinced advisors in leadership roles must step back earlier than most would like.
Our Mission
Wealth Management
Wealth management is a comprehensive service focused on taking a holistic look at a client’s financial picture, including services such as investment management, financial planning, tax planning and estate planning.
Investment Management
Investment management refers to the handling of financial assets and other investments—not only buying and selling them. Management includes devising a short- or long-term strategy for acquiring and disposing of portfolio holdings.