Financial planning and investment management for all stages of life
Regardless of your stage in life, our financial planning and investment management process is simple and straightforward.
In the best seller by Steven Covey, The Seven Habits of Highly Effective People, Habit 2 is to Begin with the End in Mind. In other words, before we do anything else, we need to listen closely to your specific goals and objectives, paying particular attention to the timing of those goals and their level of priority. Of course, your goals and objectives will likely change over time, so this process is continuos. For this reason, we are a best fit if you are looking for a relationship built on trust earned over time through performance, not a one-off transaction.
Once we have an initial understanding of your goals, we will then formulate a plan aimed at helping you achieve them! A plan is not going to be successful if it's not one that you can commit to, or that you lack confidence or belief in. The plan needs to take into account the timing of your cash needs. It needs to allow for flexibility given that "life happens." It needs to have the "tires kicked" by evaluating different scenarios, since no one has a crystal ball.
We capture this information and perform this analysis using easy-to-understand planning software so that we avoid the risk of "garbage in, garbage out." Our clients have direct access to this software, providing an extra level of transparency and confidence in the results, and then we maintain and update this software regularly so it becomes an integral part of our conversations going forward.
Last but not least, as fiduciaries, we offer investment recommendations that we believe are in your best interest based on the planning process just described. We rely primarily on a revolving basket (we call them "Models") of high-quality, diversified and low-cost index or mutual funds vs. individual stocks or other more complicated investments. These Models are built to achieve different investment objectives ranging from Capital Preservation (low risk/low return) to Aggressive Growth (high risk/high return) and can be aligned to match up with the timing of your cash flow needs in the future.
At the end of the day, we believe our process provides the proper balance between planning and investment management that our clients are looking for. Most importantly it allows for open and honest feedback, prompting important conversations and decisions in situations where the planning results don't always show the rosiest of pictures, or perhaps, provides peace of mind and comfort when they do.
Rick Davis, officed in Lafayette, Indiana, is a Financial Advisor with Cedar Wealth Partners headquartered out of Indianapolis, IN. For more detailed information on Cedar Wealth Partners, our investment management team, philosophy and approach, and to see Rick's full bio please click https://www.cedarwealthpartners.com/.
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Investment Management Services offered through Wealth Advisory Solutions dba Cedar Wealth Partners (“CWP”) offers investment advisory services and is registered with the U.S. Securities and Exchange Commission (“SEC”). SEC registration does not constitute an endorsement of the advisory firm by the SEC nor does it indicate that the advisory firm has attained a particular level of skill or ability. All content available on this Website is general in nature, not directed or tailored to any particular person, and is for informational purposes only. Neither the Website nor any of its content is offered as investment advice and should not be deemed as investment advice or a recommendation to purchase or sell any specific security. The information contained herein reflects the opinions and projections of CWP as of the date hereof, which are subject to change without notice at any time. CWP does not represent that any opinion or projection will be realized. Neither CWP nor any of its advisers, officers, directors, or affiliates represents that the information presented on this Website is accurate, current or complete, and such information is subject to change without notice. Any performance information must be considered in conjunction with applicable disclosures. Past performance is not a guarantee of future results. Neither this Website nor its contents should be construed as legal, tax, or other advice. Individuals are urged to consult with their own tax or legal advisers before entering into any advisory contract.