Wealth Management

Let's Talk About:

What Is Wealth Management?

You might be asking: What is “wealth management” anyway? This is the term for how we help our clients stay on track during retirement. We don’t believe in simply selling you a product and then walking away, end of story. We have a fiduciary obligation to meet with our clients and help go over their strategy. Are the methods you’re using still working for you?

couple meeting with advisor to discuss what is wealth management

Our Responsibility to You

Dustin Mitchell is a fiduciary, holding a Series 65 license. This license literally requires an advisor always to put their client’s best interest first, no matter what. You can be sure our advice puts your need first. If you choose to invest during your retirement, it’s critical that you have a deep understanding of the potential risk.

As you might know, insurance and financial professionals are not required to all carry the same licenses. Some advisors only have insurance licensing. They must adhere to a “suitability” standard. If a product is proven to be suitable for the client, this is reason enough to recommend it. However, Dustin’s license calls for a higher standard.

What is Wealth Management and What Can it Do For You?

With so many choices to make, retirement can feel quite overwhelming. Thankfully, it doesn’t have to. You can schedule a one-on-one meeting with us to ask us questions and go over your current situation. We can help you in crafting your strategy or improve your current strategy by taking your individual goals and needs into consideration.

The Rule of 100

One tactic you might want to consider when it comes to investing money in retirement? The Rule of 100. Basically, it tries to answer how much money you should be alright with risking as you age. It’s a simple guideline: Subtract your current age from the number 100. This number is the highest percentage of your money that you should be alright with risking in the market. The rest should be kept in safer accounts. This way, as you get older, more and more money should be kept safe.

For example: Let’s say you’re 72 years old.

"100 - 72 = 28" is your equation, meaning that 28% or less of your portfolio should be considered investible.

Then, the remaining 72% should be held in more secure financial vehicles.

This is because you have less and less time to recoup your money in the event of a potential market drop, the older you get.