Your asset and wealth managers should be working together

Your financial planner should not be selling you investment products which contradict the strategy and structure of your asset manager’s portfolio.

Likewise your asset manager should not be making recommendations that affect your financial needs, if they are not responsible for their management.

Your estate planners and accountants should bear in mind the management of needs and assets in making their own decisions.

Someone should be ultimately responsible for the overall decision making process with regard to the management of assets and financial needs over time.

Most investors and very few advisors realise that it is structure that is the most important part of managing wealth and financial assets.  Without a structure that integrates the management of all financial needs and all financial assets you cannot effectively manage risk and return, you cannot control costs and you cannot prevent unnecessary and needless transactions that increase costs, increase risks to your financial security and reduces your return.

In fact, you could actually have poor investment performance, yet through a properly managed structure actually out perform (in terms of total return) a portfolios with far better underlying performance.

Please see Total Asset, Life Cycle Wealth Management for further information on the importance of integration of your wealth and asset managers.