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Detroit Five Star award winner

Seasons of Your Life

Written by Lina Bowman

In a recent TV commercial featuring Tom Watson, the legendary golfer discussed how the weather can be your biggest opponent.   He stated, “The trick to dealing with the weather is knowing how to play for whatever comes your way.” 

When it comes to your financial life, the same can be said.  Being prepared and knowing how to play for whatever comes your way requires some serious planning.  It requires not only having the tools, but the strategies and expertise to know how to best use and leverage those tools. 

This kind of planning requires going beyond investment choices and simple asset allocation, such as how much to invest in stocks, bonds, cash or even alternatives.  It requires a strategic view of your overall situation.

Comprehensive Wealth Management can help you be prepared and ready to play for whatever comes your way.  Be it financial winds, rain or even sunshine.   It includes four areas, something I call the “Seasons of Your Life”:  creating and growing wealth; protecting and preserving; creating an income plan; and finally, creating a legacy plan.  Implementation can and should be tax-efficient wherever possible, because what counts is not what you make, it’s what you keep!

Are you prepared for the financial weather in every season of your life?   Talk to your financial advisor to discuss how you’re positioned and prepared.   Ask yourself if you have a comprehensive plan.  If not, perhaps it’s time for a second opinion.

You’ve worked hard, now it’s time to play hard!  

 

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Securities and Advisory Services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed Insurance products and services offered by Bowman Asset Management, Inc. or CES Insurance Agency.

 

*Winners appearing on this page do not pay a fee to be considered or to win the Five Star Award. Professionals with a digital profile have paid a promotional fee.
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. 2,987 Detroit area wealth managers were considered for the award; 347 (12 percent of candidates) were named 2019 Five Star Wealth Managers. 2018: 3,069 considered, 322 winners; 2017: 1,836 considered, 356 winners; 2016: 1,961 considered, 630 winners; 2015: 2,238 considered, 627 winners; 2014: 3,448 considered, 658 winners; 2013: 2,762 considered, 749 winners; 2012: 2,658 considered, 745 winners.