'WEALTH MANAGER' : TITLE OR RHETORIC? What a Financial Advisor Really Does
What’s in a job title? In some cases, titles are very basic and explain precisely what a person does. “Teacher,” for example, is self- explanatory; they teach and educate. In other cases, job titles are outrageously complex, and no one understands what the person does. “Wizard of lightbulb moments” is certainly a fun title, but what does the person actually do? The position “wealth manager” is used by many who don’t live up to the title. Just because the title implies that the person does more than managing your money doesn’t mean that’s what they are doing. Here are four major
achieve investment returns to meet your goals, but also help mitigate unforeseen losses from mistakes or market surprises as well as minimize taxes. WEALTH PROTECTION Life has a way of presenting challenges that can impact your money unexpectedly. Market swings, divorce, death, disability, lawsuits, accidents, or other events can subject your assets to losses or seizure. Wealth managers help in all these areas. WEALTH TRANSFER Most people aren’t building portfolios just for their own benefit. For many, passing on the fruits of your labor is just as important as growing your wealth in the first place. Making sure your holdings are passed tax-efficiently
and simplified is just as crucial as building and protecting them. A wealth manager can help balance all your priorities in these areas. CHARITABLE GIVING Donating to causes you are passionate about is just as much about managing money as making sure there is enough money to contribute. Many times, looking at your whole picture can find tax savings that can enhance where you would like to help. It’s pivotal to understand that these elements are all important and interact with each other. Always consult an attorney or tax professional regarding your specific legal or tax situation.
aspects of wealth management. WEALTH ENHANCEMENT
Asset growth can happen in many ways. Wealth managers help figure out how to
TAKE A BREAK!
Inspired by Saveur magazine
BRUSSELS SPROUT AND Kale Salad
DIRECTIONS 1. Trim stalks off of Brussels sprouts. INGREDIENTS • 1 pound Brussels sprouts • 1 bunch kale, destemmed and finely chopped • 2 tablespoons whole grain mustard
• 4 tablespoons fresh lemon juice • 1/2 cup extra-virgin olive oil • Kosher salt and fresh ground pepper, to taste
2. Using a mandoline, food processor, or very sharp knife, shred Brussels sprouts very finely. 3. In a large bowl, whisk together mustard, olive oil, and lemon juice. Add kale and Brussels
sprouts and toss to coat with dressing. 4. Season with salt and pepper to taste.
Investment advice is offered through Shepherd Wealth Group, a Registered Investment Advisor doing business as Shepherd Wealth & Retirement. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Registration as an investment advisor does not constitute an endorsement of the firm by securities regulators, nor does it indicate that the advisor has attained a particular level of skill or ability. Content should not be construed as personalized investment advice or as an offer to buy or sell, or a solicitation of any offer to buy or sell any securities mentioned. Certain content was prepared by a freelance journalist.
• 3 WWW.SHEPHERDWEALTH.COM
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