“It wasn’t just portfolio values that eroded in the last market downturn. The trust investors had placed in the market and with the firms that operate there eroded as well.” – Portfolio Medics, LLC.
Understanding money management is critical in the financial planning process. It is not uncommon for clients to have little knowledge of investments and why their money is where it is.
At RPA Financial, we approach investment management through a process called the “3-W’s.”
What Investments Do You Own?
If you are going to invest your money, you need to know what you own. There is no other financial transaction we would participate in without first knowing what we are about to purchase, yet this is an all too often occurrence in the investment world.
Why Do You Own These Investments?
If you have money invested, you need to understand its role in your overall financial plan. You don’t have to be a stock market expert, but basic knowledge is essential.
Where Are Your Investments Taking You?
Investments serve many purposes, but they primarily exist to help you achieve a goal. For many, that goal is retirement. However, what if you owned the wrong investments to achieve your goal and didn’t even know it. Our process at RPA Financial ensures you understand the investments in your plan aim to achieve your financial goals.
Contact Bobby today to begin building a financial portfolio working for you.